A state exchange’s failure to revise the couple’s health insurance advance premium subsidy was not grounds to avoid its repayment.
What to consider when auditing revenue recognition implementation
The PCAOB warned of increased risks of material misstatement.
IRS may examine predeceased spouse’s estate return to determine allowable DSUE amount
The Sec. 6501 statute of limitation does not run where no tax is assessed, the Tax Court holds.
SEC seeks professional accounting fellow applicants
The positions will begin in the summer or fall of 2018.
CPAs awarded for outstanding service in government
The AICPA presented three CPAs with Outstanding CPA in Government Awards.
‘When will I get my refund?’
Beat the clock so clients don’t forfeit refunds or credits due from the IRS.
How to find the best prices
Dozens of free price-checking apps are available to help you instantly price-check items by scanning an item’s bar code.
Article wins award for accounting research
Panos N. Patatoukas, associate professor at Haas School of Business at the University of California, Berkeley, received the 2017 Notable Contributions to Accounting Literature Award.
Managing sideways
Effective managers need to influence their peers, not just the people above and below them.
Tax Court allows business bad debt deduction
A taxpayer establishes he was in the trade or business of making personal loans.
Line items
IRS will not acquiesce to reverse like-kind exchange holding … Hurricane victims get extension, other tax relief … Bronze coverage level set
‘We have to be bold’
Eric Hansen, CPA, CGMA, incoming chair of the AICPA board of directors, envisions a prosperous future for the profession in a rapidly changing environment.
Young leader and volunteer wins AICPA’s Outstanding Young CPA Award
Lindsay Stevenson received the 2017 AICPA Outstanding Young CPA Award in Honor of Maximo Mukelabai.
Social club is liable for taxes on UBTI
The Tax Court rejects the taxpayer’s argued profit motive and disallows losses related to nonmember services.
Expect the unexpected: Risk assessment using Monte Carlo simulations
Modern computing power, combined with software including Microsoft Excel, can produce advanced statistical models to analyze the risks of business opportunities.
Improving internal control over segment reporting
Faithfully applying the principles of ASC Topic 280 can help financial statement preparers avoid problems in a high-risk area.
Exploring the estate tax: Part 2
This second part of a two-part article on everything practitioners should know about the estate tax covers estate tax planning techniques, including the marital deduction and the use of various types of trusts.
Microcaptive premium deductions disallowed
The Tax Court finds that the arrangement did not sufficiently distribute risk but simply resulted in a circular flow of funds between related entities.
Microsoft Excel: How to make Social Security numbers private
How to print a report with truncated Social Security numbers.
Student and Marine veteran recognized for academic success while battling PTSD
William Chapman, an undergraduate student at James Madison University, received Beta Alpha Psi’s Medal of Inspiration Award.
Features
SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.