Featured Online Content for January 2012

BY MEGAN PINKSTON

FEATURED VIDEO

Changes Ahead for Revenue, Lease Accounting
A new revenue recognition proposal is out, and an exposure draft is expected in the coming months on the convergence project for leases. Hear Bill Schneider, CPA, director of accounting for AT&T and a member of the AICPA board of directors, discuss the importance of those projects and the financial-instruments convergence work. The video is available here. See also, “A New System for Recognizing Revenue,” page 30.

 

ONLINE EXTRAS

ARTICLE
The 20 Most Popular Stories of 2011
Use this list of 2011’s most popular JofA articles to catch up on important news you may have missed in the past year. It includes the Top 10 most-read articles from the JofA’s monthly print edition, plus the Top 10 most popular online-only news articles posted exclusively on journalofaccountancy.com in 2011. The lists are available here.

RESOURCES
Tax Filing Season Resources—Tax Year 2011
This is the one-stop shop for all the updates you need to know for this year’s tax filing season. Find resources from the JofA, plus tax return checklists and tax savings tips from the AICPA, categorized by tax topic. See also, “Tax Relief and Health Care Acts Shape 2011 Returns,” page 24.

ARTICLE
Tax Issues and the 2010 S Corporation Shareholder Decedent
A tax practitioner working with the estate of an S corporation shareholder who died in 2010 must contend with numerous issues, and those estates making the modified carryover basis election have only until Jan. 17 to make that election. S corporation basis issues, as well as the passive loss rules and the alternative minimum tax, can make this a complex decision.

 

SOCIAL MEDIA TIP

 

Tax Resources on Twitter, LinkedIn

As your workload grows during tax season, use social media to stay current on tax news and guidance.

 

You can follow the IRS’ official Twitter account at twitter.com/IRSnews, which has information for taxpayers, the media and practitioners, or visit twitter.com/IRStaxpros, where the IRS posts news and guidance specifically for tax professionals.

 

The JofA will also post daily tax news through April at twitter.com/AICPA_JofA. The Tax Adviser, the AICPA’s monthly journal of tax planning, is another great source for tax information—find it at twitter.com/TheTaxAdviser.

 

If you’re a frequent LinkedIn user, there are tax resources available for you in both the main AICPA LinkedIn group and the AICPA Tax Section group. Log in to your LinkedIn account and search within Groups for “AICPA” and “AICPA Tax Practitioners,” respectively. There’s information on tax-related webcasts and AICPA resources for tax practitioners, including the expanded Tax Services toolkit.

 

For more social media tips, visit facebook.com/JournalofAccountancy and click the “Social Media Tips” link in the left column.

 

Megan Pinkston (mpinkston@aicpa.org) is the JofA’s senior online editor.

 

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.