48th Annual Conference & 75th Anniversary Celebration

Top-rated, national speakers * Five Diamond culinary experience * Honoring accounting legends * Dancing & Music - Reliving the 60s, 70s, 80s with a Live Band

Uniform Laws Governing Practice of CPAs Across State Lines Gain National Momentum

Twenty-three states have approved laws to make it less burdensome for certified public accountants to represent clients across state lines.

Critical Interim Relief - Preparer Penalty

Critical Interim Relief From the
More-Likely-Than-Not Preparer Penalty

WE KNOW IT’S A BUSY TIME OF YEAR BUT PLEASE READ THE ENTIRE E-ALERT!

Among other critical information of which you need to be aware, the IRS has provided Interim Penalty Compliance Rules containing an alternative approach to comply with the section 6694 reporting standards for a position for which there is substantial authority, but for which you do not have a reasonable belief that the position would more likely than not be sustained on the merits. In such a situation, you can comply by advising your client of the difference between the tax preparer standards under new section 6694 and the taxpayer penalty standards under section 6662 and contemporaneously documenting that advice, rather than by preparing a Form 8275 disclosure with respect to the position.

One Set of International Standards Important for Economic Growth

Convergence to a single set of international standards is a key to economic development, according to a worldwide survey of leaders of the accounting profession conducted by the International Federation of Accountants. Randy Fletchall, chairman of the American Institute of Certified Public Accountants, and Barry Melancon, president and CEO, were among the respondents.