The Tax Court, in a case of first impression, has held that nonpetitioning or former spouses have the right to challenge innocent spouse relief petitions whenever their spouses or former spouses file them. The court directed the IRS to notify nonpetitioning and former spouses of their right to intervene in
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Another View
The letter, “A Historical Look at Standards” ( JofA, Oct.00, page 16) , supports retention of the “traditional theory of matching costs with related revenues, using an historic cost basis” and rejection of a “fair-value-based, balance-sheet-oriented system.” It implies that a continuing focus on matching costs might have prevented some
Filter Out Junk Email
Q. I use Outlook as my e-mail application, and I get loads of spam—unwanted junk mail. Is there some way to block that mail without loading some fancy add-on program? A. While it’s not foolproof, Outlook is able to block, erase, highlight with color (so you can spot them easily),
Smart Stops on the Web
PORTFOLIO AND MONEY MANAGEMENT SITES A Plan of Action for Portfolios www.strategies-tactics.com This site’s objective is to “maintain an interactive forum within which portfolio management issues can be discussed and explored.” It focuses on the analytic framework and market analysis, in addition to the strategies and tactics, for both portfolio
Social Security Benefits Increased
The Social Security Administration (SSA) announced that Social Security and Supplemental Security Income (SSI) benefits will increase by 3.5% this year. These benefits go up automatically based on the rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers from the third quarter of one year to
International
IFAC Issues Bank Audit ED and Cost Accounting Study The International Federation of Accountants is seeking responses to a proposed international auditing statement that will provide practical assistance to auditors in applying international standards when they audit commercial banks. Special considerations arise in bank audits because of the nature
Auditing
The ASB issued Statement on Auditing Standards no. 93 in November (see Official Releases, page 116). Titled Omnibus Statement on Auditing Standards—2000, it discusses the following changes to three existing SASs: Withdrawal of SAS no. 75, Engagements to Apply Agreed-Upon Procedures to Specified Elements, Accounts, or Items of
Display Two Or More Documents On One Screen
Q. I know I can display two different pages of a document on my screen at the same time using the split-screen function, but I would like to place pages of two different documents on my screen. Is that possible? A. It’s not only possible, it’s easy to do. In
Find A Goal In A Spreadsheet
Q. I frequently have to search through large spreadsheets to find sales figures that either exceed or fail to meet a goal. It’s a tedious task. Can Excel capture those figures? A. Excel has a function called Conditional Formatting, and as the name implies, it automatically formats data that meet
An Additional Recruiting Resource
The article, “CPAs Add HR to the Mix” ( JofA, Oct.00, page 67) , offered the accounting profession valuable insight into human resources. The profession is definitely experiencing a shortage of qualified workers, and we all—whether sole practitioners or partners in international consulting companies—face solid competition when trying to attract
CPA (Coincidence, Phenomenon, Adventure) Stories: Mr. Chairman Meets Mr. Centenarian
Part 1. A few months ago, former AICPA board chairman Stuart Kessler was on his way to Lincoln Center on the New York City subway when he noticed an elderly gentleman staring at his CPA lapel pin. The man asked what the pin was and Kessler explained, adding that he
On Managing Earnings Per Share
I found the views in “What Drives Earnings Management?” ( JofA, Oct.00, page 106) very interesting and thoughtful. The author identified many of the factors buried in GAAP that management can use to “finger paint” earnings per share. However, when one observes the broad arena in which earnings per share
An End to the Plain-Paper Debate?
EXECUTIVE SUMMARY THE AICPA ACCOUNTING AND REVIEW SERVICES committee concluded more than 20 years of debate by issuing Statement on Standards for Accounting and Review Services no. 8, Amendment to Statement on Standards for Accounting and Review Services No. 1, Compilation and Review of Financial Statements in October 2000. EFFECTIVE
Harvey Coustan Wins Dixon Award
Harvey Coustan, former partner-in-charge of Ernst and Young’s national tax practice division, is this year’s recipient of the Arthur J. Dixon Memorial Award. The annual award—the highest given by the accounting profession in the area of taxation—was presented by the Institute’s tax division at the AICPA national conference on federal
Research Summary 3: The Effect of Auditor Attestation and Tolerance for Ambiguity on Commercial Lending Decisions
hen commercial lending officers make a loan decision, are they able to distinguish among different levels of attestation? Or is a personal characteristic such as their “tolerance for ambiguity”—the way people react to uncertain situations—an important factor in lending decisions? In our research, we assume that loan officers make three
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Exhibit 11
Links Create Up-To-The-Minute Data Charts
Q. I make written presentations to my board of directors, and rather than give them just a spreadsheet chart, I’d like to give them a comprehensive report that includes charts created from the most recently updated spreadsheet data. However, that means I have to transfer the data from the spreadsheet
Women Invest in Other Women
Source: The National Foundation for Women Business Owners, www.nfwbo.com.
leh_ex10
Exhibit 10
Research Summary 4: The Effects of Internal Audit Outsourcing on Perceived External Auditor Independence
he accounting profession is attempting to redefine itself, in part by expanding the types of services it provides. This expansion of services has raised questions about whether CPA firms can maintain their independence and still provide an ever-increasing array of other types of services to audit clients. In this study
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How to find the right CAS clients
The key to success with CAS is selecting the best clients. Tools like ideal client profiles (ICPs), buyer personas, and even artificial intelligence can help identify the businesses that best fit each CAS practice.
From The Tax Adviser
March 31, 2026
Current developments in taxation of individuals: Part 1
March 31, 2026
Current Developments in Taxation of Individuals: Part 1
March 6, 2026
