Monthly Archives: July 2022

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AICPA recommends additional IRS backlog measures

Category:Uncategorized

Looking ahead to next filing season, the AICPA renews previous calls for taxpayer relief and administrative remedies to help the IRS clear overages in its return and correspondence inventories.
Source: Tax News
Read More here – AICPA recommends additional IRS backlog measures


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AICPA recommends additional IRS backlog measures

Category:Uncategorized

Looking ahead to next filing season, the AICPA renews previous calls for taxpayer relief and administrative remedies to help the IRS clear overages in its return and correspondence inventories.
Source: JOA News
Read More here – AICPA recommends additional IRS backlog measures


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TIGTA: Delayed screening of IRS new hires risked taxpayer data

Category:Uncategorized

Temporary waiving of fingerprinting and identification procedures for new federal employees due to the pandemic could have allowed access to taxpayer data by individuals who were ineligible for federal employment.
Source: Tax News
Read More here – TIGTA: Delayed screening of IRS new hires risked taxpayer data


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TIGTA: Delayed screening of IRS new hires risked taxpayer data

Category:Uncategorized

Temporary waiving of fingerprinting and identification procedures for new federal employees due to the pandemic could have allowed access to taxpayer data by individuals who were ineligible for federal employment.
Source: JOA News
Read More here – TIGTA: Delayed screening of IRS new hires risked taxpayer data


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How to advise clients buying vacation rental property

Category:Uncategorized

CPA financial planners can help vacation rental owners to maximize profit and peace of mind and minimize surprises.
Source: JOA News
Read More here – How to advise clients buying vacation rental property


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Estates can now request late portability election relief for 5 years

Category:Uncategorized

The IRS extended to five years the period under which a taxpayer can use a simplified method (in lieu of a letter ruling request) to obtain an extension of time to make a portability election.
Source: Tax News
Read More here – Estates can now request late portability election relief for 5 years


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Estates can now request late portability election relief for 5 years

Category:Uncategorized

The IRS extended to five years the period under which a taxpayer can use a simplified method (in lieu of a letter ruling request) to obtain an extension of time to make a portability election.
Source: JOA News
Read More here – Estates can now request late portability election relief for 5 years


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GASB issues enhanced concepts for notes to financial statements

Category:Uncategorized

The GASB issued a concepts statement to guide the board when establishing note disclosure requirements for state and local governments — part of its response to research reexamining existing note disclosure requirements.
Source: JOA News
Read More here – GASB issues enhanced concepts for notes to financial statements


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Feedback sought for redesigned 2024 CPA Exam Blueprints

Category:Uncategorized

The proposed exam’s design is driven by a desire to assure that newly licensed CPAs possess the skills needed to hit the ground running.
Source: JOA News
Read More here – Feedback sought for redesigned 2024 CPA Exam Blueprints


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Audit partners see signs that inflation will persist

Category:Uncategorized

Three-fourths of public company audit partners believe inflation will persist for at least 12 months, according to a Center for Audit Quality survey.
Source: JOA News
Read More here – Audit partners see signs that inflation will persist