News & Tips

Letter from the Director – AICPA Tax Practice & Ethics

The tax profession is changing – how are you preparing? You moved your data to the cloud and mastered Form 8879 digital signatures, but are you ready to compete with a robot for your tax clients? An equivalent to Rosie, the faithful housekeeper from the Jetsons, hasn’t materialized yet, but Watson

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Complexities for Clients Who Are U.S. Beneficiaries

Recommendations to help the IRS correctly track U.S. beneficiaries of foreign trust withholding credit.

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Best Practices for Staff Training

It is a good time to evaluate the options for your staff training since filing season is in the rear window and staff performance evaluations have been recently completed.

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May 2017 Tax Section News

Partnership Tax Audit Considerations; IRS Authorizations Guidance

 

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Tax Education Resources for Students and Teachers

Our tax education resources for students and teachers helps accounting educators

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Staff Performance Evaluations

During the busy seasons, CPA firm staff and supervisors are focused on their clients. For the best employees, the volume of work never distracts from the quality. But in crunch time, anyone can develop bad habits that can bleed over into regular operations. The future success of any CPA firm

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IRS Hires Private Debt Collection Services: How to Help Your Clients

The recent announcement that the IRS is turning over certain collection cases to third-party debt collectors has sent some shock waves through our profession. This article addresses these concerns and how to address them with your clients.

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Issues to Consider When Establishing a Tax Home Overseas

As the world has become a smaller place, more and more businesses have developed international operations. Once established, these foreign-based companies are often staffed by local country personnel. However, in the early stages of establishing a foreign presence, key managerial talent from the

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Partnership Tax Audits: The New Rules

The new partnership audit regime under the Bipartisan Budget Act of 2015, P.L. 114-74 (“BBA”), radically changes the assessment and collection of partnership audit tax adjustments. Yet despite the major changes contained in the BBA—or perhaps in light of them—there are still many unanswered

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April 2017 Tax Section News

April 2017 Tax Section News including updates on Tax Reform, IRS collection standards, ITIN service options, providing tax services to marijuana businesses, and advice on client billing. Also, resources available include newly revised foreign national tools, IRS collection tools, nano learning

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