Tax filing resources—Tax year 2013

April 4, 2014

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 Journal of Accountancy, plus tax return checklists and tax savings tips from the AICPA, categorized by tax topic.

INDIVIDUAL TAX

Taxpayers can claim charitable contributions for typhoon relief on 2013 returns
April 4, 2014
Contributions must be made to qualified charities by April 14 and can be deducted on a 2013 or 2014 tax return, but not both.

Individual Taxation: Digest of Recent Developments
March 2014
This article is Part I of a two-part article covering recent developments affecting taxation of individuals, including regulations, cases, and IRS guidance.

IRS issues final instructions for net investment income tax form
Feb. 27, 2014
The IRS finally released its eagerly awaited final instructions for Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts. Many tax preparation companies have held returns with this form until the final instructions were released, and this means these returns can now be filed.

Final version of net investment income tax form released
Jan. 27, 2014
The IRS has released the final version of Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts, which will be used by individuals and trusts and estates to compute the new 3.8% tax and then to report the tax on Forms 1040, U.S. Individual Income Tax Return, and 1041, U.S. Income Tax Return for Estates and Trusts.

Buckle up for tax season
January 2014
Take stock of tax year 2013’s new and changed provisions, including several for higher-income taxpayers.

Engagement letters for the individual tax practitioner
January 2014
Follow best practices in this crucial document for any tax engagement.

IRS reveals start date for 2014 tax filing season
Dec. 18, 2013
The IRS has finally announced an official start date for the 2014 filing season: It will start accepting returns on Jan. 31.


BUSINESS TAX

New procedure permits automatic recognition of consolidated return filing status
March 10, 2014
Affiliated groups that fail to file a required Form 1122, by which a subsidiary consents to be included in a consolidated return, will get a break from the Internal Revenue Service.

Current Developments in Partners and Partnerships
February 2014
This article reviews and analyzes recent rulings and decisions involving partnerships. The discussion covers developments in partnership formation, income allocations, and basis adjustments.

Current Developments in Employee Benefits and Compensation
December 2013
An in-depth look at regulations and guidance released.

Current Developments in S Corporations
October 2013
A look at major changes affecting S corporations that took place in the last year and some tax planning ideas for S corporations and their shareholders.


PRACTICE, PROCEDURES, AND COMPLIANCE

IRS clarifies: Electronic signatures permitted for Form 8879
March 21, 2014
Following the announcement by the IRS that it would allow taxpayers to electronically sign Form 8878 in certain circumstances, the AICPA raised the issue with them that Form 8879, the e-file signature authorization form, should also be included in the expanded electronic signature guidance.

IRS expands use of electronic signatures
March 13, 2014
The IRS has updated its Handbook for Authorized IRS e-File Providers of Individual Income Tax Returns to allow taxpayers to electronically sign Form 8878, IRS e-file Signature Authorization for Form 4868 and Form 2350, in certain circumstances.

IRS announces automation of taxpayer resources, start of business filing season
Dec. 23, 2013
The Internal Revenue Service will stop providing several taxpayer services in person or on the phone and move them to online only, starting in January.


ADDITIONAL RESOURCES

2013 Tax Practice Guides and Checklists
This tool combines the trusted content of the AICPA’s Tax Checklists with a digital environment to promote efficiency and firm collaboration.

The Tax Adviser magazine

Tax Insider e-newsletter

Corporate Taxation Insider e-newsletter

AICPA Tax team website

PROFESSIONAL DEVELOPMENT: EARLY CAREER

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PROFESSIONAL DEVELOPMENT: MIDDLE CAREER

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CPAs in business and industry face intense competition to land a coveted CFO job. Learn how to best prepare yourself for the role.

PROFESSIONAL DEVELOPMENT: LATE CAREER

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