Featured Online Content for January 2012



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.



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.

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.

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.




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.



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.