2024 - Journal of Accountancy

The magazines

December 1, 2024

Revisiting Skidmore deference after Loper Bright

The decision reaffirms the relevance of Skidmore v. Swift & Co., which established Skidmore deference as an approach to judicial review of agency interpretations.

December 1, 2024

Leading change in accounting: A step-by-step guide

Adjust your mindset, skill set, and habits to transform your leadership approach and help the profession evolve.

December 1, 2024

Line items

Final regs. issued on consistent-basis and basis-reporting rules … Corporate AMT proposed regulations issued; some penalties waived … IRS seeks comments on SECURE 2.0 saver’s match contributions … Fact sheet addresses taxability of crowdfunding distributions … Employers now have interim guidance on student loans and retirement plans … AICPA joins coalition to fight intensifying tax scams, schemes

December 1, 2024

Koziel to become AICPA president and CEO

The successor to Barry Melancon will also take over Jan. 1 as CEO of the Association of International Certified Professional Accountants.

December 1, 2024

3 ways to balance saving for education and retirement

Worried parents can obtain peace of mind with a
realistic strategy.

December 1, 2024

Disproportionate distributions did not terminate corporation’s S status

Shareholders’ “looting” of the company did not
create a second class of stock, the Tax Court
held.

December 1, 2024

Melancon leaves AICPA with a legacy of change

The transformative leader, who is retiring on Dec. 31, guided the organization and the profession for nearly three decades.

December 1, 2024

Writing and research activities not engaged in for profit

The Tax Court disallows a taxpayer’s claimed expense deductions.

December 1, 2024

Using behavioral science in a financial planning practice

By understanding psychological influences on decision-making, CPAs can work with clients more effectively and improve how they operate their practice.

December 1, 2024

Using Excel’s Goal Seek for data analysis

This month’s column shows how to use Excel’s Goal Seek for data analysis.

December 1, 2024

How to not lose sleep over NOCLAR

CPAs can be at risk of a claim related to a client’s non-compliance with laws and regulations, or “NOCLAR.” Learn what to do should you encounter suspected NOCLAR.

November 1, 2024

GAO recommends improvements to IRS’s private debt collection program

A U.S. Government Accountability Office report highlights a need for enforcement equity assessment and better taxpayer communication.

November 1, 2024

Line items

IRS releases updated draft of Form 1099-DA for digital assets … ERC disallowance letters go to 28K businesses, moratorium adjusted … Tax practitioner complaint leads to review of advocate phone service … Melancon: Supreme Court decisions are ‘big deal’ for tax pros … 5 new warning signs of a bad claim for pandemic-era ERC … 5 new warning signs of a bad claim for pandemic-era ERC … Funding spurs IRS improvements, but challenges remain, commissioner says

November 1, 2024

Missed due dates: Diligence and the lurking danger

The IRS’s increased enforcement efforts come at a time when claims related to late or missed filings are increasing. A docket system can help avoid these errors, but it can’t do it alone. It needs your diligence.

November 1, 2024

Resources to implement the QM standard

The AICPA offers a comprehensive practice aid to help firms implement the new quality management standard by the 2025 deadline.

November 1, 2024

NIL organization denied tax-exempt status

Compensating student-athletes for their name, image, and likeness does not serve an exempt purpose, the IRS again rules.

November 1, 2024

The data-driven audit: Technology and the future of auditing

Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America, discusses how data-driven insights combined with analysis and guidance can make audits more thorough and help firms make better decisions.

November 1, 2024