The committee seeks feedback on guidance for 4 industries.
Filing of incorrect form is considered a valid informal refund claim
The Ninth Circuit reverses the Tax Court and finds that the IRS was sufficiently apprised of an innocent spouse claim.
Microsoft Windows: 3 methods for recovering lost administrative passwords
Here are alternatives for recovering or resetting lost Windows 7 administrator passwords that avoid system resets and reinstallations.
Line items
IRS online taxpayer accounts expand capabilities … Supreme Court rules church-affiliated organizations’ plans are exempt from ERISA … TIGTA finds improved ID theft casework
The importance of audit planning
Often overlooked, the real benefit of audit planning is gained from the process itself.
FASB issues proposal for consolidation of VIEs
The objective is to reduce cost and complexity.
IRS reissues centralized partnership audit rules; CPAs urge postponement
A presidential regulatory freeze had delayed the proposed regulations’ publication from early in 2017.
Federal court strikes down PTIN fees, upholds PTINs
The numbers confer no special benefit to preparers, a district court holds as it orders refunds.
What audit committees need to know about PCAOB’s Form AP
The CAQ has published a new tool.
5 key issues that merit CPAs’ attention
Presenters at the inaugural AICPA ENGAGE conference discussed some of the most important issues in the accounting profession, in areas including technology and client management.
Monster.com founder’s estate wins dispute over VPFC gain recognition
The contracts’ extension was not a sale or exchange, and open-transaction treatment continued, the Tax Court holds.
The war on tax ID theft continues: CPAs’ role
The IRS reports progress, but many firms could still improve their practices.
Former Marine not entitled to exclude foreign earned income
The Tax Court holds the taxpayer’s election was untimely.
AICPA chair receives honorary citation from Maryland governor
Maryland Gov. Larry Hogan issued a citation in recognition of Kimberly Ellison-Taylor’s accomplishments and service on behalf of CPAs.
Avoiding website claims that increase malpractice risk
Website language may compromise the defense of a professional liability claim.
FinREC issues a dozen revenue recognition working drafts
Asset management, gaming, and software are among the industries addressed.
Expanding your app-titude: CrashPlan
A monthly look at apps and websites that can make the CPA’s job and life better. This month: CrashPlan.
Building a more effective board
Corporate boards’ scope of responsibilities continues to broaden, and directors’ confidence that they have what it takes to tackle the challenges is lagging.
‘Pump and dump’ theft loss allowed despite open arbitration claim
The Federal Circuit holds that abandonment of a claim for reimbursement of a theft loss is not necessary to prove a reasonable certainty that no reimbursement will be received.
Microsoft Excel: Modify Excel’s default blank workbook
It is possible to modify Excel’s default blank workbook; you can even modify the default new worksheets that you insert into your existing workbooks.
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.