Lotus® users, please view the web version of the newsletter here.
 
  Please add CorpTaxInsider@email.cpa2biz.com to your Address Book. View email as a web page.
AICPA
April 25, 2013
Corporate Taxation Insider
AICPA
  IN THIS ISSUE:   > Articles   > Sponsored Editorial   > News   > CPA News to Know   > Webcasts   > Video   Feedback  Contact Us  
 
 
CCH Integrator  The web-based solution to streamline tax processes and reduce risk. See the benefits.
Articles
   
Quiz: Test your knowledge of corporate tax data
By Annette Nellen, Esq., CPA
Understanding the current tax system can help in reforming it.
   
 
   
Tax reform: Change is on the horizon
By Stephen J. Ehrenberg, CPA
After years of complaining about the complexity of the Code, we may finally see real reform.
   
 
   
Recently issued Sec. 108(e)(8) regulations: Liquidation value safe harbor
By John R. McGowan, Ph.D., CPA, CFE; Troy Luh, Ph.D., CPA/ABV/CFF, M.S.; and Douglas Murphy, M. Acc./The Tax Adviser
Recently issued final regulations on partnership debt-for-equity exchanges contain a liquidation value safe-harbor method for valuing the partnership interest received in exchange for the cancellation of debt.
   
 
   
Web based subscription fees exempt in Virginia
Sponsored by Vertex Inc.
The Virginia Department of Taxation ruled that monthly subscription fees charged for access to a web-based portal via the internet are not subject to sales and use taxes.
   
 
Back to Top   
University of San Diego School of Law Summer Tax Seminars
Sponsored Editorial
   
Free Whitepaper—CCH Integrator: The Power of Process
Sponsored by Wolters Kluwer
Discover the value of a balance sheet process for your global tax provisions and how CCH Integrator can help.
   
 
Back to Top   
News
 
Boston-area residents get more time to file returns and pay tax
In response to last week's bombings at the Boston Marathon, the IRS announced that it is extending the time for filing certain individual tax returns and paying any tax due.
   
 
 
Basis reporting for debt instruments and options is phased in
The IRS is implementing the reporting requirements for debt instruments and transfer reporting in phases, to give brokers ample time to develop and implement reporting systems.
   
 
 
Witnesses tell Senate Finance Committee ways to improve tax system
At a Senate Finance Committee hearing on April 16, witnesses gave senators numerous ideas for fighting tax identity theft and refund fraud, better tax administration, and tax reform.
   
 
 
President proposes many tax changes in 2014 budget
President Barack Obama's proposed FY 2014 budget contains a long list of proposed tax changes, aimed at achieving $580 billion in new revenue.
   
 
 
IRS decides to shut down completely on furlough dates
The IRS will close "all public-facing operations," including toll-free operations and Taxpayer Assistance Centers, on five dates in response to the federal sequestration spending cuts.
   
 
Back to Top   
New In The Store
  AICPA Family Law Conference
May 8–10, Las Vegas. As the scope of specialized services that CPAs can offer continues to expand, savvy practitioners will stake out practice areas where they can take the lead as valued and trusted advisers. This conference, for beginner/intermediate public practitioners, will cover basic rules of evidence, communications, draft reports, and more.
 
  2013 AICPA Conference on Doing Business in China
May 30–31, Georgetown University, Washington. This intensive one-and-a-half day seminar focuses on providing strategic thinking, expert insights, and practical solutions for doing business in China. Renowned speakers and a full agenda of sessions provide best practices on the legal, economic, accounting, and cultural trends evolving in China.
 
Didn't find what you were looking for? Visit the AICPA Store
Back to Top    
AICPA Member Discount Program
.
  Office Depot  
AICPA members save over 15% on select office chairs through Office Depot. Discounts valid through 7/1/13. Click here for details.
 
line
  Hertz  
Save up to $50 on a Weekly/Weekend SUV Rental. Reserve with PC # 167322. Valid through 4/30/13. Click here for details.
 
line
  Wells Fargo Home Mortgage  
Close your purchase or eligible refinance loan and receive $200 in gift cards. Click here for details.
 
Back to Top    
 
 
Vertex  Are you at risk for a tax audit or penalty because of your returns process? Sales & Use Tax Returns Outsourcing is the answer.
Sponsored Links
   
Join us on LinkedIn!
Connect with other tax professionals to discuss topics on income tax compliance, indirect tax and international tax news in our CCH Integrator subgroup.
On demand webcast:
Overcome increased VAT and GST regulations with tax automation.
Summer Tax Seminars at University of San Diego June 17–28
2013 pertinent tax updates for business tax professionals.
Whitepaper download:
Planning for a tax data warehouse.
Online & download CPE courses for Corporate Tax Professionals!
Thomson Reuters  Online CPE for Corporate Tax Pros.
CPA News to Know
1
1 In the news: You missed the deadline to file taxes, now what?
 
1
1 AICPA submits civil tax penalty reform proposals to Congress
 
1
1 A look at the estate tax provisions in the president's FY 2014 budget proposal
 
1
1 Vast majority of CPAs manually calculate cost basis
 
1
1 Incorrect expert advice about estate return filing deadline does not excuse penalty
 
1
1 Survey shows how Americans plan to use tax refunds this year
 
1
1 IRS announces pre-approval program for Sec. 403(b) plans
 
1
Career Opportunity Spotlight
   
ERP/Tax Experts
Vertex Inc. Join the company that's reshaping the future of corporate tax
Upcoming AICPA Webcasts
1
  April 30 Surviving Cross Examination
 
1
  May 1 2013 Not For Profit Entities: What the New Audit and Accounting Guide Means to You and Your Current Year Audit Issues
 
1
  May 1 Understanding the Delaware Unclaimed Property Voluntary Disclosure Program
 
1
  May 2 Sorting Through the FCPA—A Guide for Financial Professionals
 
1
  May 2 Proactive Planning in 2013: What CPA Financial Planners Need to Know to Advise Individual Clients
 
1
    View entire AICPA webcast calendar
 
Video
   
Social media is about being found
CPAs need to make the connections, explains Tom Hood, CEO, Maryland Association of CPAs.

 
CPA
Insider
Corporate Finance
Insider
Tax
Insider
Career
Insider
Delivers need-to-know news of the profession, hard-hitting commentary, recommended products and professional development resources to more than 216,000 AICPA members every week.

Subscribe
Covers financial management and corporate compliance issues, job opportunities, career advancement strategies, self-assessment tools, compensation research and hiring trends for more than 80,000 B&I CPAs and other financial professionals.

Subscribe
Delivers tax news, expert commentary, recommended products and professional development resources to more than 45,000 tax and financial planning professionals.

Subscribe
Clues in more than 105,000 CPAs to great job opportunities, plus powerful tools, guides and research for getting their career to the next level.

Subscribe
  QUICK LINKS:   > Industry News      > Video Snacks   > TechByte   > Join AICPA      > Advertise      > Follow us       > Like Us fb   
  MORE AICPA PUBLICATIONS:   > Journal of Accountancy      > The Tax Adviser      > CPA Letter Daily  
  Click here to select your email and newsletter preferences or to change your email address at any time.

For questions about prior orders, membership or related issues, please email service@aicpa.org or call 888-777-7077. Publication of an advertisement in Corporate Taxation Insider does not constitute an endorsement of the product or service by Corporate Taxation Insider, or the AICPA.
LEGAL NOTICES

AICPA, 220 Leigh Farm Road, Durham, North Carolina 27707-8110
© 2013 AICPA Inc. All Rights Reserved.
Corporate Taxation Insider
Contact the Editor Contact Us
Corporate Information
About CPA2Biz | Join AICPA
Subscribe
Email: CorpTaxInsider_Subscribe@email.cpa2biz.com
Unsubscribe
Click here to Unsubscribe from Corporate Taxation Insider.