2012 - Page 22 of 22 - Journal of Accountancy

January 10, 2012

IRS announces third offshore voluntary disclosure program

In a press release trumpeting the successful collection of more than $4.4 billion in its 2009 and 2011 voluntary disclosure programs, the IRS announced it is starting its third program designed to help people hiding offshore accounts get current with their taxes in the U.S. (IR-2012-5). The new program, unlike

January 6, 2012

More-generous rules proposed for equitable innocent spouse relief

In response to court decisions and the IRS’ claim that its experience applying equitable relief has given it new insight, the IRS issued a proposed revenue procedure changing the way it will treat requests for equitable innocent spouse relief under Secs. 66(c) and 6015(f) (Notice 2012-8). The three most significant

January 6, 2012

Guidance provided on electronic health record incentives

The federal government’s promotion of electronic health records has created financial incentives for medical professionals and hospitals that make meaningful use of certified electronic health record (EHR) technology. But medical providers must comply with standards for use of the technology and properly account for the incentive payments in an area

January 6, 2012

The 20 most popular stories of 2011

We tallied the traffic on journalofaccountancy.com to determine 2011’s most popular JofA articles and news. Use the lists below to catch up on important news and professional developments you may have missed in the past year. Here are the most popular feature articles of 2011 from the JofA’s monthly print

January 5, 2012

CPA exam prep innovator Newton D. Becker dies at 83

Newton D. Becker, whose preparatory course led to CPA exam success for hundreds of thousands of accountants, died Monday in Los Angeles after a lengthy illness. He was 83. Becker was the founder and driving force behind Becker CPA Review, which he started in his hometown of Cleveland and grew

January 4, 2012

IRS issues new guidance on W-2 reporting of health plan costs

The IRS released new guidance on the requirement that employers provide information to employees on the cost of employer-provided group health plan coverage (Notice 2012-9). The guidance comes in the form of 39 questions and answers. It supersedes Notice 2011-28 and makes changes to requirements that were issued in Notice

January 2, 2012

New tax provisions for 2012

With the ringing in of the new year, several new tax provisions took effect. While the list of new items does not compare with the number of tax provisions that expired at the end of 2011 (see “Many Tax Provisions Set to Expire at Year-End”), practitioners should be aware of

January 1, 2012

Featured Online Content for January 2012

FEATURED VIDEO Changes Ahead for Revenue, Lease AccountingA 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

January 1, 2012

Board of education: Client advisory board implementation action plan

Editor’s note: Also read “Board of education: CPA firms, businesses can profit from clients’ advice,” in the Jan. 2012 issue of the JofA. Here is a step-by-step client advisory board implementation plan developed by the AICPA’s Private Companies Practice Section. More client advisory board tools are available to PCPS members