IRS Changes Address for Change in Accounting Method

The Internal Revenue Service has changed the mailing address for Form 3115, Application for Change in Accounting Method. The address to send the Ogden, Utah copy of Form 3115 on page 2 of the Instructions for Form 3115 requires updating, according to IRS spokesman Dean Patterson in an email Friday. The address change applies to […]

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AICPA Tax Committee Chair Offers Praise on Repair Regs Efforts

On February 13, the Internal Revenue Service (IRS) issued Rev. Proc. 2015-20, which provides relief for small businesses from the reporting requirements related to implementing the repair regulations.  “This is an important victory for both the profession and small businesses and will have an immediate impact on the tax filing season,” said Troy K. Lewis, […]

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Top 10 Tax Resources for the 2015 Tax Season

A mother tries to get her son out of bed in the morning to go to school, and says, “Come on, lazy head, get up. You’re going to be late.” But he remained in bed, burrowing deeper under the covers. Finally, she pulled him out, and he said, “Mommy, I can’t go to school. The […]

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AICPA President & CEO’s Perspective on the Profession’s Future

“Looking to 2015, I’m excited about the AICPA’s agenda and the steps our profession will take to continue our growth as future-focused and client service-driven advisers for modern business. At a time when individuals and businesses are battling unprecedented complexity and uncertainty, our profession has the expertise and the opportunity to build a pathway to […]

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#CPAPOWERED Promotes CPAs as Essential to Small Business Owners

With nearly 30 million small businesses in the United States, many owners struggle to do the work and run a successful, profitable operation. Many business owners and entrepreneurs don’t realize how much the advice of a CPA can help them start, grow and thrive. To help entrepreneurs understand the full range of services a CPA […]

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IRS Warns: Don’t Click on Strange Emails/Links Seeking Updated Info

WASHINGTON—The Internal Revenue Service warned return preparers and other tax professionals to be on guard against bogus emails making the rounds seeking updated personal or professional information that in reality are phishing schemes. “I urge taxpayers to be wary of clicking on strange emails and websites,” said IRS Commissioner John Koskinen. “They may be scams […]

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IRS Notice Re: TPR

  IRS Makes it Easier for Small Businesses to Apply Repair Regulations to 2014 and Future Years WASHINGTON —The Internal Revenue Service today made it easier for small business owners to comply with the final tangible property regulations. Requested by many small businesses and tax professionals, the simplified procedure is available beginning with the 2014 […]

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AICPA Address Primary Concerns Re: Implementation of TPR Regulations

The American Institute of CPAs Tax Section has provided this special update: We are reaching out to members to address issues and concerns with the tangible property “repair” regulations. Over the last few weeks, we have heard from an unprecedented number of members with questions, concerns and requests for resources. The two biggest questions we […]

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IRS Releases Annual “Dirty Dozen” List

IRS YouTube Video: Tax Scams: English | Spanish | ASL Podcasts:  English | Spanish WASHINGTON — The Internal Revenue Service wrapped up the 2015 “Dirty Dozen” list of tax scams today with a warning to taxpayers about aggressive telephone scams continuing coast-to-coast during the early weeks of this year’s filing season. The aggressive, threatening phone […]

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