Practice Management & Professional Standards

Topics

May 1, 2017

Tax principles for the digital age

The AICPA revises its Guiding Principles of Good Tax Policy to respond to challenges in tax reform, economic efficiency, global reach, and securing taxpayers’ information.

February 1, 2017

Whether to amend a return

While taxpayers have no duty to correct an error or omission in a filed return, practitioners must inform them of the consequences.

October 1, 2016

Keeping clients’ tax data secure

Here’s how preparers can help thwart identity thieves.

September 2, 2016

New cyberattacks threaten tax professionals

A new wave of cyberattacks could allow criminals to take control of tax practitioners’ computers and file fraudulent returns.

August 25, 2016

Due-diligence hazards for tax practitioners: The list keeps growing

From rental property expenses to worker classification to offers in compromise, the list of areas where tax practitioners must exercise due diligence keeps growing.

August 1, 2016

CPAs contend with tax ID theft

A majority of CPAs surveyed say this scourge affects their practices and is often difficult to resolve.

August 1, 2016

2016 tax software survey

Results show 4 companies control more than 90% of CPA tax preparer market. Find out how more than 3,800 CPAs rated the tax preparation software they used in 2016.

May 1, 2016

IP PINs: Fraud protection places duties on preparers

Identity protection personal identification numbers pose additional filing and recordkeeping considerations.

March 1, 2016

Practitioner-client and work product doctrines preclude IRS summons

The Second Circuit overrules a district court’s restrictive interpretations of a “common legal interest” with a third party and documents prepared “in anticipation of litigation.”

February 8, 2016

Tried-and-true ways to reduce the stress of busy season

Bosses can do many things to reduce pressure on valued staff members.

December 1, 2015

Businesses and tax ID theft

Businesses may need CPAs’ help in protecting against and remedying tax-related identity theft.

September 28, 2015

Get a head start on preparing for tax season

The AICPA Private Companies Practice Section team shares best practices on preparing for busy season.

September 1, 2015

2015 tax software survey

Thousands of CPAs assess the features and performance of their income tax preparation software as well as, for the first time, their software for estate and gift taxes.

September 1, 2015

Resolving the theft of tax clients’ identity

CPAs in tax practice have seen an increase in identity theft. Here are some tips for dealing
with this vexing problem.

July 1, 2015

Documentation is your ally for tax and other services

Practitioners can benefit from documenting their advice in accordance with Circular 230 and the SSTSs.

July 1, 2015

Managing IRS authorizations

These tools are essential to interact with the IRS on clients’ behalf.

June 1, 2015

Tax engagement letters

Use of this important practice tool can minimize professional liability risk, reduce confusion, improve collections, and ensure clients have a good understanding of the practitioner’s role.

June 1, 2015

Exercising due diligence

By providing documented due diligence, practitioners can explain why they took the position and show they used reasonable care when determining the position was appropriate.

May 7, 2015

List of designated private delivery services is updated, postmark rules revised

For the first time since 2004, the IRS has updated the list of private delivery services (PDSs) that qualify under the mailbox rule of Sec. 7502.

April 13, 2015

Tax practice responsibilities involved in Schedule UTP

The need to file Schedule UTP, Uncertain Tax Position Statement, may have taken many corporate taxpayers by surprise in 2014, since the asset threshold for compliance was lowered from $50 million to $10 million.