2023 - Page 3 of 8 - Journal of Accountancy

The magazines

September 1, 2023

7 ways to use Outlook more effectively

Here are seven Outlook features to help improve your experience with the application.

September 1, 2023

Surplus from home’s tax forfeiture sale must be returned to owner, Supreme Court holds

A Minnesota county’s retention of proceeds above the real property tax debt violated the Fifth Amendment’s Takings Clause.

September 1, 2023

Life After Little Sandy

Lindsey Modlich, J.D., LL.M., Director of Tax Controversy, Source Advisors, discusses the effects of the Little Sandy Coal Company, Inc. v. Commissioner decison in which the court held that the taxpayer failed the “substantially all” and process-of-experimentation tests of Sec. 41, denying them the federal income tax credit for increasing research activities.

September 1, 2023

Innovation for the modern accounting firm

Cathy Rowe, Vice President and Segment Leader, US Professional Market, Wolters Kluwer Tax & Accounting North America, discusses why innovation is critical to the modern accounting firm’s success.

September 1, 2023

Petition was 11 seconds too late, Tax Court holds

The statutory period to electronically file a petition may be extended for system outages or general inaccessibility but not for errors or problems unique to the filer, the court explains.

September 1, 2023

How 3 firms tackle the audit talent crunch

Nontraditional career paths, international expansions, and automation are among the approaches three firms are using successfully.

September 1, 2023

CPA engagement boosts student interest in Exam, public accounting

Practitioner participation in college capstone class teaches relevant workforce skills and increases desire to pursue licensure.

September 1, 2023

Identifying and analyzing the risks of ‘risk-free’ securities

A thorough financial analysis and risk assessment of debt security assets and bank equity values shows the threat of bank failures was in plain sight.

September 1, 2023

IRS is time-barred from assessing gift tax

The Tax Court holds the taxpayer substantially complied with adequate-disclosure requirements via returns and documents submitted with an OVDP offer.

August 1, 2023

Book appointments more efficiently

This article discusses a way to streamline the process of setting up meetings.

August 1, 2023

How authentication issues can affect financial data and financial statement audits

Organizations must look beyond traditional controls to safeguard data.

August 1, 2023

Helping clients after an Alzheimer’s diagnosis

CPA financial planners can offer valuable services to those facing this difficult health challenge by learning about the disease.

August 1, 2023

Line items

Penalty for underpayment of estimated corporate AMT waived for 2023 … National taxpayer advocate: A paperless IRS is possible … IRS revises actuarial tables to account for most recent mortality data … Update on states moving ahead with PTETs … A pandemic-era tax break that remains rife with abuse — the ERC

August 1, 2023

Peer review findings in audits of not-for-profits: What auditors need to know

Experts suggest ways to prevent common problems such as inadequate planning and risk assessment and insufficient documentation.

August 1, 2023

Drug patent litigation expenditures are held deductible

The origin-of-the-claim test in Gilmore controls, the Court of Federal Claims concludes.

August 1, 2023

Like-kind exchange of agricultural property runs into a problem

Taxpayers were not entitled to defer the gain from a likekind exchange because the property relinquished in the exchange was depreciated Sec. 1245 property.

August 1, 2023

Succession and practice continuation agreements

Entering into a practice continuation agreement with another CPA can help you plan and prepare for the unimaginable, giving you, your clients, and your next of kin some peace of mind.

August 1, 2023

Join text in Excel

This article offers four methods to join usernames to the @ symbol and domain.

August 1, 2023

Preventing fraud with internal controls: A refresher

CPAs at all levels can benefit from a review of the basic principles for stopping fraud inside an organization.

August 1, 2023

Cybersecurity for tax pros

John Sapp, CPA, Chief Revenue Officer, Drake Software, discusses some ways tax professionals can protect their clients’ data and prepare for the worst.

FROM THIS MONTH'S ISSUE

Flip out with the latest Tech Q&A

The September Technology Q&A column shows how to create dynamic to-do lists with Excel's checkboxes and also how to set up multifactor authentication texts that don't rely on phones. Flip through both items and view a video walkthrough in our digital format.