FEATURED VIDEO
Changes Ahead for Revenue,
Lease Accounting
A new revenue recognition proposal is out, and an exposure
draft is expected in the coming months on the convergence project
for leases. Hear Bill Schneider, CPA, director of accounting for
AT&T and a member of the AICPA board of directors, discuss the
importance of those projects and the financial-instruments
convergence work. The video is available here. See also, “A New
System for Recognizing Revenue,” page 30.
ONLINE EXTRAS
ARTICLE
The 20 Most
Popular Stories of 2011
Use
this list of 2011’s most popular JofA articles to catch up
on important news you may have missed in the past year. It includes
the Top 10 most-read articles from the JofA’s monthly print
edition, plus the Top 10 most popular online-only news articles
posted exclusively on journalofaccountancy.com in
2011. The lists are available here.
RESOURCES
Tax Filing Season Resources—Tax Year 2011
This
is the one-stop shop for all the updates you need to know for this
year’s tax filing season. Find resources from the JofA,
plus tax return checklists and tax savings tips from the AICPA,
categorized by tax topic. See also, “Tax Relief
and Health Care Acts Shape 2011 Returns,” page 24.
ARTICLE
Tax Issues and the 2010 S
Corporation Shareholder Decedent
A tax
practitioner working with the estate of an S corporation shareholder
who died in 2010 must contend with numerous issues, and those
estates making the modified carryover basis election have only until
Jan. 17 to make that election. S corporation basis issues, as well
as the passive loss rules and the alternative minimum tax, can make
this a complex decision.
SOCIAL MEDIA TIP
Tax Resources on Twitter, LinkedIn
As your workload grows during tax season, use social media to stay current on tax news and guidance.
You can follow the IRS’ official Twitter account at twitter.com/IRSnews, which has information for taxpayers, the media and practitioners, or visit twitter.com/IRStaxpros, where the IRS posts news and guidance specifically for tax professionals.
The JofA will also post daily tax news through April at twitter.com/AICPA_JofA. The Tax Adviser, the AICPA’s monthly journal of tax planning, is another great source for tax information—find it at twitter.com/TheTaxAdviser.
If you’re a frequent LinkedIn user, there are tax resources available for you in both the main AICPA LinkedIn group and the AICPA Tax Section group. Log in to your LinkedIn account and search within Groups for “AICPA” and “AICPA Tax Practitioners,” respectively. There’s information on tax-related webcasts and AICPA resources for tax practitioners, including the expanded Tax Services toolkit.
For more social media tips, visit facebook.com/JournalofAccountancy and click the “Social Media Tips” link in the left column.
—Megan Pinkston (mpinkston@aicpa.org) is the JofA’s senior online editor.
