December 12, 2013
Corporate Taxation Insider
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CCH Wolters Kluwer  What does it take to handle the asset management needs of a complex organization? Ask Guardian Industries.
Accuracy-related penalties: When a promise is not enough
By Daniel Rowe, CPA
S corp. shareholders lacked good faith or reasonable cause, despite a "promise" to amend returns.
The all-events test and temporary deductions: Figuring out when (and if) a deduction is allowed
By Stephen J. Ehrenberg, CPA
A recent Tax Court decision highlights difficulties with the recurring-item exception.
Complete Guide to Preparing Limited Liability Company, Partnership and S Corporation Federal Income Tax Returns
2013 Corporate Income Tax Boot Camp
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Sponsored Editorial
  CCH Wolters Kluwer  
The power of process: Understanding the value of a balance sheet process in global tax provisions
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American Institute of CPAs AQC  Get free employee benefit plan audit tools and resources.
Standard mileage rates go down slightly in 2014
Optional standard mileage rates for use of a vehicle will go down by one-half cent per mile for 2014, the IRS announced.
Final and proposed regs. issued on 3.8% net investment income tax
The IRS issued final and proposed regulations giving guidance on the application and computation of the 3.8% net investment income tax imposed by Sec. 1411.
Supreme Court resolves circuit split on 40% gross valuation misstatement penalty
The U.S. Supreme Court held that the 40% penalty for a gross valuation misstatement applied when the partnerships at issue had been determined to be shams that lacked economic substance.
IRS proposes curbing political activities of Sec. 501(c)(4) social welfare organizations
The IRS announced its intention to amend the regulations governing social welfare organizations, a topic that has recently created an enormous amount of political controversy.
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New In The Store
  2013 Corporate Tax Returns Videocourse
This video-based CPE course, featuring Sidney Kess, Brian Greenstein, and an expert panel, reviews major developments affecting 1120 and 1120S return preparation and useful tax-planning strategies.
  Advanced Tax Strategies for LLCs and Partnerships: Latest Developments and Proven Techniques
This course contains planning techniques for complex issues and potential tax problems facing the LLC, general partnership, limited partnership, and limited liability partnership.
  Annual Federal Tax Update: Updates & Hottest Tax Topics for Individuals and Businesses
Save time and keep current on the latest tax developments. This comprehensive course covers all legislative, judicial, and IRS developments of the past year with a focus on implementation and compliance.
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AICPA Member Discount Program
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Thomson Reuters Checkpoint  New whitepaper: Find Hidden Savings with Tax Credits and Incentives. Get the free PDF now!
Sponsored Links
What's happening with marketplace fairness?
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CPA News to Know
1 AICPA comments on Senate proposal to limit cash method of accounting
1 Taxation with representation—Where are we with tax reform?
1 Final rules released on 0.9% Medicare surtax
1 AICPA comments on reporting by applicable large employers under the health care law
1 Increase in IRS audits—A positive trend?
1 AICPA asks IRS to announce contingency plans in case of government shutdown
1 Congress should enact permanent disaster relief to treat all victims the same
Upcoming AICPA Webcasts
  Dec. 16 Multistate Income Tax
  Dec. 18 Construction—Accounting, Auditing, Tax
  Dec. 19 Health Care Reform Act: Critical Tax and Insurance Ramifications For You, Your Business, and Your Clients
  Dec. 20 Hot Tax Planning Developments Under the Current Tax Law
  Dec. 23 Advanced Tax Strategies for LLCs and Partnerships
    View webcast calendar
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