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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Taxpayer Advocate Service Feed

Staff Performance Evaluations

Thu, May 25, 2017

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 ...

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

Thu, May 25, 2017

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. ...

Issues to Consider When Establishing a Tax Home Overseas

Thu, May 25, 2017

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 ...

Partnership Tax Audits: The New Rules

Thu, May 25, 2017

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 ...

April 2017 Tax Section News

Thu, May 25, 2017

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 ...

Tax Identity Theft Information and Tools

Tue, May 16, 2017

Identity theft is a growing area of concern for taxpayers and practitioners.  The AICPA has created this page to provide members with information about preventing identity theft, including tips to provide clients, and steps to take if it occurs. ...

Tax Research Information and Tools

Tue, May 16, 2017

Tax practitioners provide tax advice to clients on a continuing basis and should be familiar with the applicable standards for providing such advice, including Circular 230, the AICPA’s Code of Professional Conduct, and the AICPA’s Statements on Standards for Tax Services (SSTSs). CPAs need to keep ...

IRS Collection Guidance and Resources

Mon, May 01, 2017

Practitioners are likely to have clients who owe taxes to the IRS and who are unable to ...

Member Spotlight - Arthur "Kip" Dellinger

Fri, Apr 28, 2017

Kip Dellinger is a current member of the AICPA Tax Executive Committee, and is by no means a rookie volunteer in the Tax Division. I have had the great pleasure of working with him on a variety of tax ethics matters both in an official volunteer capacity as well as outside of ...

How to Avoid the "Why is My Bill So High" Phone Call from Clients

Fri, Apr 28, 2017

If you have been involved in billing at any level, you have gotten a phone call from a client who is asking: “why is my bill so high  ?” I know there have been times when I held my breath as I answered the phone right around the time I knew a client received my invoice. With the correct ...