Congress should restrict patents on tax strategies or protect taxpayers and preparers from infringement actions arising from them, the AICPA told members of congressional committees. In letters to the House and Senate tax-writing and judiciary committees and a white paper, the AICPA said one government agency—the U.S. Patent and Trademark
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Highlights
Eight states have introduced “no notification” legislation since early 2007 as part of an effort to implement a uniform approach to cross-state mobility through the concept of substantial equivalency. The legislation in Hawaii, Indiana, Maine, Missouri, Oklahoma, Rhode Island, Tennessee and Texas, if passed, would remove the
Look at a Document in a New Way
You’re right on both counts: Those buttons (see screenshot at right) are a bit mysterious, and they can help you browse. Speaking of browsing, you should know that if you press Shift+F5, Word will take you back to the last place you worked on an open document. If you press
Steve Taylor, CPA
Taylor, Roth and Co. PLLC www.taylorroth.com We call it the mobile practice. My firm is based in Denver, but my wife, Judy, and I, along with our dog, Annie, live and travel in our motor home to our nonprofit audit clients across Colorado and New Mexico most
AuthorSReply
LETTERS MORE WAYS IN THE MAZE I very much enjoyed reading the article, “ The Choice-of-Entity Maze ” (March 07, page 64). Perhaps we should also consider the difference between the liability protection of a corporation and that of an LLC from lawsuits or other
AICPA Honored for Training Programs
AICPA Honored for Training Programs T he Institute received the Business Champions Award from Business Leader Magazine. The award, sponsored in part by Wake Technical Community College, recognizes the AICPA’s Durham, N.C., office for its quality training and orientation programs, which help employees support members and respond to a wide
Government
Data on federal grants, contracts and other spending is available in a searchable format on an interim Web site developed by the Office of Management and Budget in accord with the Federal Funding Accountability and Transparency Act, which became law in 2006. The temporary site at www.federalspending.gov was launched to
Avoiding FASB 123(R) Pitfalls
EXECUTIVE SUMMARY FASB Statement no. 123(R), Share-Based Payment, poses a potential dilemma for companies with net operating losses (NOLs) that award nonqualified stock options (NQSOs) as compensation. If a company’s allowable tax deduction for stock option compensation exceeds the related book expense, it can realize an
Optimistic Executive Outlook
SURVEY SAVVY CEOs reported their level of confidence in prospects for revenue growth over the next three years as: Very confident – 52% Somewhat confident – 40% Not very confident – 6% Not confident at all – 1% Don’t know/Refused – 1% Source: PricewaterhouseCoopers 10th Annual Global CEO Survey, www.pwc.com/ceosurvey
Financial Services
Several federal banking regulatory agencies are seeking comment on a proposed Statement on Subprime Mortgage Lending, spurred in part by a need to address certain risks and emerging issues related to subprime mortgage lending practices, specifically, particular adjustable-rate mortgage (ARM) lending products. The statement, issued by the Federal Reserve Board,
Correction
An article in January, “Home Free,” misstated a rule for excluding gain under IRC section 121 from the sale of a home acquired in an IRC section 1031 like-kind exchange. The home must have been held five years but does not have to be used as a principal residence for
What Is Your Fraud IQ?
Think you can spot corruption in any of its many forms? Take this (deceptively) simple test to find out just how much you know. 1. Which of the following assets are most often pilfered? a. Cash b. Accounts receivable c. Inventory d. Intellectual property 2. Which of
35% Flat Tax Hits Non-CPAs
A C corporation that provides accounting services doesn’t have to be owned by or employ CPAs to be taxed at the flat 35% personal-services corporation rate of section 11(b)(2), according to a recent Tax Court ruling. In Rainbow Tax Service, Inc. v. Commissioner, 128 T.C. No. 5, the taxpayer was
Want to Teach? It’s Easier Now
SIGN OF THE TIMES T oday people change jobs—even careers—several times. CPAs aren’t immune to this trend, and many highly qualified practitioners find that as their lives and interests deepen they look to give back to their professional and academic communities. One way to do that is to teach at
“Feed the Pig” Wins Communicator Awards
Feed the Pig” Wins Communicator Awards The AICPA received awards for its “Feed the Pig” campaign that encourages young, working Americans to save money. Two public service announcements won Video Awards of Excellence in the 13th Annual Communicator Awards competition. Awards of Distinction went to another “Feed the Pig” TV
Effective Websites for CPAs: Grow Your Practice and Profits
by Kristi Stangeland, CPA RJ Thompson Publishing, 2006, 177 pp. Shortening the client development cycle is one of the most compelling reasons for a CPA firm to develop a Web site if it does not already have one, according to author Kristi Stangeland. Keeping clients abreast of change, increasing sales
Prepare an Instant Organizational Chart
Word has a well-hidden tool for that. Click on Insert, Picture and then Organization Chart. That will bring up a conventional four-part chart. To adjust the design to suit your needs, right-click on an empty space between the blue labels and an Organization Chart toolbar will appear (see screenshot below).
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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
