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September 27, 2012
Corporate Taxation Insider
  IN THIS ISSUE:   > Articles   > Advertisement   > News   > CPA News to Know   > Video   Feedback  Contact Us  
IntelliConnect - See the difference. Get faster answers and better results from your tax research.
IRS issues practical guidance for accountable plans
By Blake E. Christian, CPA
When do employee reimbursement plans pass muster?
Investors' dilemma on purchasing distressed obligations
By Stephen Ng, CPA/The Tax Adviser
As many banks are looking to unload so-called bad loans from their balance sheets, buyers of these discounted debt instruments need to understand the tax treatment of these purchased loans.
Hectic sales tax holiday season varies state-to-state
Sponsored by Vertex Inc.
While the late summer/early fall bring a bevy of sales tax holidays, the specifics vary greatly from state-to-state. Read about some noteworthy examples of these differences.
Shifting receivables between S corps. increases basis
By Charles J. Reichert, CPA/Journal of Accountancy
Taxpayers could increase the basis of their stock in an S corporation by contributing accounts receivable to it after they had received those receivables in a distribution from a related S corporation.
Court rules in favor of City of Boulder
Sponsored by Vertex Inc.
In reversing the trial court, the Colorado Court of Appeals found that the taxpayer's acquisition of downloaded computer software and access to online data services were taxable under the city's municipal code.
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Is there a ticking bomb in your tax provision process?
Sponsored by CCH
Discover how to avoid disastrous and costly errors in your tax provisions while streamlining workflow from tax expert Chris Tump, CPA.
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Orbitax Essential International Tax Solutions
IRS proposes changes to Circular 230 rules governing written tax advice
Acknowledging the difficulties practitioners are having with the current rules, the IRS proposed eliminating the Circular 230 rules on "covered opinions."
Accounting method changes to be allowed in corporate reorganizations
The IRS announced a policy change following final regs. issued last year that simplify the accounting method rules in corporate reorganizations.
Employee health insurance safe harbors expanded
Optional safe harbors for large employers complying with upcoming requirement to provide health insurance coverage to their full-time employees.
Corporate equity reduction transaction guidance issued
Prop. regs. cover NOLs attributable to corporate equity reduction transactions, which generally limit the ability of corporations to deduct interest when financing leveraged buyouts.
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New In The Store
  The IRA Distribution Rules: IRS Compliance and Audit Issues
The potential liability for taxpayers who violate the retirement account rules is significant. Clients and heirs who do not adhere to these rules properly can trigger IRS examinations and may incur significant penalties. This book explains the key IRA rules so that you can advise your clients about the myriad distribution rules and other IRA compliance issues.
  The Life of a Business Entity: Formation, Existence, Restructuring and Termination
Ample case studies from real-life client situations in this course help you home in on the key issues surrounding the factors that drive the optimal form of organization of a business.
  PFS Credential Exam
The 2012 PFS exam period is Dec. 26 through Feb. 5, 2013; multiple review options are available prior to each exam.
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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Tax 2.0 - shaping the future of tax together
CPA News to Know
1 U.S. attorneys are authorized to fight stolen identity refund fraud
1 Changes to ITIN application process are burdensome, says AICPA
1 AICPA urges Congress to quickly fix tax cliff
1 What can CPAs do about identity theft?
Online CPE for Corporate Tax Pros. 450+ titles! Thomson Reuters.
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Live Webcast: Sept 27 @ 2pm ET: Getting Started on a Tax Data Warehouse
You want to pursue a commercial tax data warehouse, now what? Tax industry experts share real-world experience and offer guidance for taking the first steps.
Vertex Exchange 2012
Network with peers, Vertex professionals, and the industry's leading tax and technology experts—Oct 21-24, Orlando, FL
Checkpoint Learning CPE
Corporate Tax; C Corporations; Subchapter C; Sales/Use Tax; State Audits; 450+ Titles!
Orbitax Essential International Tax Solutions
A central dashboard for your global enterprise. Click here to learn more.
Career Opportunity Spotlight
ERP/Tax Experts
Vertex Inc. Nationwide assignments. Multiple opportunities at all levels with Vertex Consulting to meet explosive growth in demand.
2012 Tax Software Survey
Over 6,000 tax practitioners told us what they like and dislike about the software they use to prepare tax returns.

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