Tax season ends. The filing deadlines pass. And for most CPAs, the first real window to address CPE compliance opens up on April 16. For practitioners who’ve been heads-down since January, the stretch between mid-April and June 30 is typically the most productive CPE period of the year. Reporting deadlines vary by state, but the post-busy-season window […]
Displaying: AICPA
CPAs’ Modern-Day Charge of the Light Brigade: The AICPA’s Proposal for a New “S-Corp Basis” Form Could Be Just the Armor We Need
Often CPAs and tax preparers have a similar feeling to the 600+ cavalrymen coined by Alfred, Lord Tennyson as "The Light Brigade," fighting the battle with imprecise instructions and vague guidelines. Read more for how the AICPA's proposed new "S-Corp Basis" form could make the battle much easier.
AICPA Seeks a New Tax Form to Improve S-Corp Shareholder Compliance With Basis Rules
The AICPA is seeking a new tax form to improve S-corp shareholder compliance with basis rules, but will it resolve the nightmare of reconstructing basis? Tony Nitti weighs in.