2022 - Page 5 of 8 - Journal of Accountancy

IRS to fast-track 10,000 hirings to address backlog … National taxpayer advocate to CPAs: Tell us where the challenges are … Proposed regulations update RMDs for SECURE Act changes … IRS offers alternative to facial recognition

May 1, 2022

What’s your fraud IQ?

This month: Test your knowledge of the warning signs of investment scams.

May 1, 2022

Adopting a child: Tax planning considerations

Parents pursuing an adoption can use a CPA’s advice.

May 1, 2022

Create your own custom Excel functions with LAMBDA

If you are routinely creating formulas that accomplish the same purpose, spending a little extra time upfront to create a function that can be reused will save you time in the end.

May 1, 2022

Eleventh Circuit: Judicial extinguishment proceeds formula invalid

The IRS’s interpretation of a conservation easement rule is struck down.

May 1, 2022

IRS levy trumps decedent’s children’s claim to money held in usufruct

State law treats heirs as unsecured creditors.

May 1, 2022

Small actions, big fallout: Lessons from large claims

Even small decisions or quick conversations may have significant, and expensive, consequences.

May 1, 2022

J’Maine Chubb, CPA, CGMA

J’Maine Chubb, CPA, CGMA, CFO of the Houston
Airport System, discusses achieving goals, knowing when to say no, weathering the pandemic, and more.

April 1, 2022

How CPA financial planning firms can move forward post-pandemic

Firms and clients are both reassessing their
priorities in the wake of the pandemic.

April 1, 2022

Mortgage interest credit aids first-time homebuyers

The subsidy improves affordability for lower-income families.

April 1, 2022

Line items

IRS identifies paused taxpayer notices … Tax pros share IRS service challenge stories, solutions … IRS backs away from facial recognition … ‘Quick’ carryback tax refunds took nearly double the 90-day deadline

April 1, 2022

8 insights from top-performing CAS practices

Choose both clients and software programs with an eye to efficiency and repeatability.

April 1, 2022

Losses from millionaire’s donkey breeding allowed

A taxpayer convinces the Tax Court he entered into the activity for profit despite not making one and having substantial other income.

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.