Infocasts to Focus on S Corp Tax Development

The AICPA will present a live, interactive S corporation tax update today covering recent changes CPAs will need to be able to communicate to 2008 S corporation clients and to prepare their returns. The program, scheduled for 1 p.m. to 3 p.m. ET, will focus on recent regulatory, administrative, judicial and legislative changes including:

  • The new S corporation penalty provision (Section 6699) for late-filed returns
  • Revenue Ruling 2008-42 dealing with AAA and life insurance premiums
  • Revenue Ruling 2008-16 and charitable contributions
  • Notice 2008-1 and medical insurance premiums for sole shareholder S corporations
  • Restructuring issues during economic hard times
  • Final regulations on divorce and suspended losses
  • Open Account Debt regulations
  • 2008 tax planning with Section 179, 0% capital gains and kiddie tax
  • Pre-2008 tax legislation taking effect in 2008—including the 2007 Small Business Act

Stewart Karlinsky, professor emeritus at San Jose State University and executive director of the San Jose State University Tax Policy Institute, is the speaker for the infocast. Participation in the session is free. Fees apply only for participants seeking CPE credit. Click here for information.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.