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September 13, 2012
Tax Insider
  IN THIS ISSUE:   > Articles   > News   > CPA News to Know   > Video  
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Unleash your inner rockstar. Deliver an outstanding performance with PPC's SMART practice aids - compilation and review.
  Annette Nellen  
Expiring provisions by the numbers
By Annette Nellen, Esq., CPA
We hear a lot about expiring tax provisions; here is a look at some of the figures associated with these items.
2012 tax software survey
By Paul Bonner/Journal of Accountancy
Which tax prep products and features yield frustration or bliss? 6,000 tax practitioners tell us what they think.
Eight small business IRS audit areas to watch through 2013
Sponsored by Beyond415
The IRS has announced emerging or significant areas that it will prioritize for the coming year.
Ban on political activities: An election year warning
By Claudia L. Kelley, CPA, Ph.D., and F. Douglas Roberts, CPA, Ph.D./Journal of Accountancy
CPAs can help organizations avoid risks that endanger tax-exempt status.
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Tenenz. 500 slip sheet tax return folders - $350. 1000 client letter subscription - $1200. You owe it to yourself to compare and save. Click for more details.
Taxpayer Advocate Service changes criteria for accepting cases
The TAS reduced the number of issues it will consider so it can focus on areas where it will add value.
IRS changes stance on application of Sec. 6662 penalty to frozen refundable credits
The IRS will no longer impose a penalty for substantial understatement of tax when an individual claims a refundable credit without being entitled to it, as long as the IRS has not actually paid the refund.
Draft Form 706 provides check box to not elect portability
The draft form for the first time addresses portability of a deceased spouse's unused estate and gift tax exclusion amount and provides a check box for the executor to opt out of electing portability of the unused portion.
IRS Chief Counsel's office issues advice on identity theft returns
The IRS's Office of Chief Counsel issued guidance on what it can do when an identity thief files a tax return to get a fraudulent refund and the IRS has issued a statutory notice of deficiency based on that fraudulent return.
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New In The Store
  The Adviser's Guide to Sales and Use Tax: State and Local Compliance and Planning Opportunities
State legislatures are facing severe budget shortages, and state governments are looking for ways to maximize their tax revenues. This book covers what you need to know, from both planning and compliance perspectives, to help your clients understand and comply with the evolving state and local tax rate structure.
  AICPA's Annual Tax Update: Corporations and Pass Through Entities
Find out about the latest federal tax law changes, court decisions, and IRS pronouncements related to partnerships, LLCs, and C and S corporations.
Didn't find what you were looking for? Visit the AICPA Store
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AICPA Member Discount Program
AICPA members save up to 29% on select FedEx® shipping services. Click here for details.
The Lenovo You Pay What We Pay event is extended for AICPA members. Enjoy additional deep discounts on the full Lenovo product line now through 9/30/12. Click here for details.
  Office Depot  
Save up to 40% on select Breakroom items now through 11/15/12. Click here for details.
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Gear Up CPE Conferences:  Join us this fall in Vegas (Nov 26-Dec 1) or Orlando (Dec 11-15) for a week of CPE, plus the best speakers in the industry and the federal tax update you count on! View details or call 1-800-231-1860
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Visit our website to learn how you can rock your performance with PPC's SMART Practice Aids.
Gear Up CPE Conferences
Join us this fall in Vegas (Nov 26-Dec 1) or Orlando (Dec 11-15) for a week of CPE. Hotel savings through 10/26. View details or call 1-800-231-1860.
500 slip sheet tax return folders - $350. 1000 client letter subscription - $1200. Click for more from Tenenz.
Beyond415's award-winning application helps firms save time, stay current, and be more efficient when handling IRS notices and audits.
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CPA News to Know
1 Tax aspects of donating a car to charity
1 AICPA says the IRS is issuing erroneous letters on Form 3520 for foreign trusts
1 AICPA recommends changes to IRS Form 990 used by public charities
1 How do you tackle health care reform?
Highlights of the 2012 tax software survey
Highlights of the 2012 tax software survey
CPA tax practitioners weigh in on the tax return preparation software they use. This year more than 6,000 told us how each of the major products performed.

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