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Founded in 1887, the AICPA represents the CPA profession nationally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the profession’s technical and ethical standards.

The AICPA’s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

• Year-end financial steps to get ready for 2023  (December 6, 2022)
  
• ‘Family support’ payments not deductible as alimony  (December 1, 2022)
  
• Improperly forgiven PPP loans must be included in income  (December 1, 2022)
  
• Why tax refunds could be smaller  (December 1, 2022)
  
• AICPA recommends changes to IRS draft revisions to Schedule UTP  (November 29, 2022)
  
• Tax planning steps for the end of 2022  (November 28, 2022)
  
• Proposed regulations provide guidance on foreign tax credit rules  (November 22, 2022)
  
• One deadline approaches for over 9 million eligible for pandemic-era benefits  (November 14, 2022)
  
• Plan approval program expands to Sec. 403(b) retirement plans  (November 9, 2022)
  
• Practitioner Perspectives series to continue within IRS Appeals  (November 8, 2022)
  
• IRS seeks comments on several green energy tax credits  (November 4, 2022)
  
• Collection Due Process case favors IRS  (November 1, 2022)
  
• Growing tax gap shows need for better service and compliance, IRS says  (October 31, 2022)
  
• Strategies for retaining talent amid shifting economic conditions  (October 28, 2022)
  
• New process provided for anonymous reporting of ERC mills  (October 27, 2022)
  
• IRS initiates pilot program to thwart line-jumping on PPS calls  (October 25, 2022)
  
• Offer in compromise not deemed accepted  (October 25, 2022)
  
• Retirement account inflation adjustments issued for 2023  (October 21, 2022)
  
• Will Social Security's 8.7% COLA lead to a higher tax bill?  (October 20, 2022)
  
• IRS announces annual inflation adjustments for tax year 2023  (October 19, 2022)
  
• Understand the tax consequences of remote work  (October 17, 2022)
  
• An update on student loan forgiveness  (October 16, 2022)
  
• Social Security wage base, COLA set for 2023  (October 13, 2022)
  
• International leaders show support for tax deal  (October 13, 2022)
  
• Final regulations adopt ‘family-friendly’ health care affordability test  (October 11, 2022)
  
• How student loan forgiveness will work  (September 27, 2022)
  
• IRS raises per diem standard rates for business travel  (September 26, 2022)
  
• Analysis: Relatively few companies to pay new minimum tax  (September 25, 2022)
  
• Penalty relief deadline fast approaches for 2019, 2020 tax returns  (September 23, 2022)
  
• What more IRS funding could mean for taxpayers  (September 22, 2022)
  
• How consumers will be affected by the interest-rate hike  (September 21, 2022)
  
• Why Americans don't wait longer to claim Social Security  (September 20, 2022)
  
• Married couples and student loan forgiveness  (September 19, 2022)
  
• What the Inflation Reduction Act means for older Americans  (September 15, 2022)
  
• Estimate: 2023 Social Security COLA could be highest in 4 decades  (September 13, 2022)
  
• What to know about late-filing penalty relief from the IRS  (September 12, 2022)
  
• AICPA asks IRS to expand penalty relief  (September 9, 2022)
  
• Yellen lays out spending, tax priorities  (September 8, 2022)
  
• Which states could tax student loan forgiveness?  (September 8, 2022)
  
• Incentives for consumers who make eco-friendly purchases  (September 3, 2022)
  
• Incorporating trusts into an estate plan  (August 31, 2022)
  
• Translate new tax credits for your clients  (August 30, 2022)
  
• Proposed revisions to the AICPA tax standards  (August 29, 2022)
  
• Watch Out! RMDs Can Trigger Massive Medicare Means Testing Surcharges  (August 29, 2022)
  
• IRS relieves penalties for 2019 and 2020  (August 24, 2022)
  
• Investing and inflation: Not mutually exclusive  (August 23, 2022)
  
• From the FBI files: Forensic accountants crack major fraud cases  (August 22, 2022)
  
• A closer look at tax items in the Inflation Reduction Act  (August 18, 2022)
  
• Nonliquidating distributions: Ways to determine basis  (August 17, 2022)
  
• IRS announces inflation-adjusted tax brackets  (August 15, 2022)
  
• Congress enacts tax and climate bill  (August 12, 2022)
  
• Guide released for tax pros’ information security plan  (August 10, 2022)
  
• Bills extend statute of limitation for prosecuting PPP, EIDL fraud  (August 10, 2022)
  
• Key tax provisions in the Senate reconciliation bill  (August 8, 2022)
  
• National taxpayer advocate appeals IRS response on scanning tech  (August 4, 2022)
  
• Regulations streamline partnership basis elections  (August 4, 2022)
  
• Senate deal paves way to reconciliation bill with tax provisions  (July 28, 2022)
  
• Senate passes CHIPS Act with semiconductor tax credit  (July 27, 2022)
  
• Tax credits to ease the cost of rising college tuition  (July 25, 2022)
  
• A strategy to raise a business’s interest limitation  (July 22, 2022)
  
• A Roth IRA conversion can be a big tax win when retirement portfolio loses value  (July 19, 2022)
  
• TIGTA: Delayed screening of IRS new hires risked taxpayer data  (July 12, 2022)
  
• The IRS Could Owe You Additional Tax Return Money — Here’s Why  (July 12, 2022)
  
• How to advise clients buying vacation rental property  (July 12, 2022)
  
• Estates can now request late portability election relief for 5 years  (July 11, 2022)
  
• Proposed regulations would define Sec. 1256 foreign currency contracts  (July 5, 2022)
  
• FASB issues standard to improve fair value guidance for equity securities  (June 30, 2022)
  
• Making an informed decision about student debt  (June 30, 2022)
  
• IRS sets procedure for Superfund list changes  (June 28, 2022)
  
• Regulations proposed for present value of estate deductions  (June 27, 2022)
  
• IRS extends e-filing to more 1040-series amended returns  (June 23, 2022)
  
• Tax update: S elections, PTE, and Sec. 1202  (June 15, 2022)
  
• Withdrawing retirement savings during a downturn  (June 12, 2022)
  
• Tax-avoidance schemes round out ‘Dirty Dozen’  (June 10, 2022)
  
• Standard mileage rate to increase for last half of 2022  (June 9, 2022)
  
• IRS warns of impostors in ‘Dirty Dozen’  (June 8, 2022)
  
• IRS challenges emerge as top concern for firms  (June 8, 2022)
  
• More ‘Dirty Dozen’: Tax refund theft and fake charity appeals  (June 6, 2022)
  
• Which Accounts Should Younger Retirees Tap First? Not IRAs!  (June 3, 2022)
  
• Abusive CRATs and Maltese IRAs among ‘Dirty Dozen’ tax scams  (June 2, 2022)
  
• IRS audit rates decreased most for wealthy, GAO finds  (May 18, 2022)
  
• Building a tax-efficient retirement income plan for clients  (May 12, 2022)
  
• Treasury Inspector General for Tax Administration (TIGTA): IRS should work to expand e-filing  (May 10, 2022)
  
• As stocks tumble, this tax play offers a silver lining  (May 9, 2022)
  
• Staffing shortages, backlog hampered IRS in 2022 filing season, TIGTA says  (May 5, 2022)
  
• Schedules K-2 and K-3 e-file capability postponed for S corporations  (April 28, 2022)
  
• IRS proposes to amend estate and gift tax basic exclusion regs.  (April 26, 2022)
  
• Supreme Court holds Tax Court not bound by petition filing deadline  (April 22, 2022)
  
• IRS eases application process for US residency certification  (April 5, 2022)
  
• A closer look at states' tax burdens  (April 1, 2022)
  
• IRS reproposes unified plan rule exception for multiple-employer plans  (March 25, 2022)
  
• Various exempt organization notices paused  (March 25, 2022)
  
• Individual taxpayers must answer cryptoasset question, IRS notes  (March 22, 2022)
  
• Recent IRS guidance on cryptoassets  (March 21, 2022)
  
• Tax scams could proliferate at this time of year  (March 18, 2022)
  
• Auto depreciation limits leap with inflation  (March 16, 2022)
  
• IRS waives estimated-tax penalties for farmers and fishermen  (March 15, 2022)
  
• New, lower Form 1099-K threshold prompts cautions, criticisms  (March 10, 2022)
  
• National taxpayer advocate to CPAs: Tell us where the challenges are  (March 3, 2022)
  
• Shareholder’s forgiveness of insolvent corporation’s debt  (March 1, 2022)
  
• PPP forgiveness too slow in some cases, inspection finds  (February 28, 2022)
  

• Proposed regulations update required minimum distributions RMDs for SECURE Act changes  (February 23, 2022)
  
• Full disclosure: When tax transactions must be reported  (February 21, 2022)
  
• IRS offers another way to verify identity  (February 21, 2022)
  
• IRS offers further K-2/K-3 relief  (February 16, 2022)
  
• Revised voluntary disclosure form highlights cryptoassets  (February 15, 2022)
  
• How to demonstrate Fla. residency for tax purposes  (February 10, 2022)
  
• IRS warns of scams this tax season  (February 5, 2022)
  
• Tax strategies for cryptocurrency investors  (February 1, 2022)
  
• IRS: 'Limited group' getting erroneous Letters 6419  (January 28, 2022)
  
• How nonfilers can claim 2021 tax credits  (January 26, 2022)
  
• Why you need to disclose cryptoassets to the IRS  (January 25, 2022)
  
• Final regulations affect owners of foreign stock  (January 24, 2022)
  
• Claiming tax breaks for dependent care  (January 19, 2022)
  
• IRS issues procedures for employee status determinations  (January 19, 2022)
  
• How cryptocurrency holders can manage their tax bill  (January 15, 2022)
  
• What to know about the 2021 credit for child care costs  (January 13, 2022)
  
• Practitioners wary of IRS service lapses as tax season begins  (January 11, 2022)
  
• New R&D credit documentation requirements clarified  (January 7, 2022)
  
• What’s new for 2022 in federal taxes  (January 6, 2022)
  
• What to know about cryptocurrency taxation  (January 5, 2022)
  
• IRS sending form for families who receive child tax credit  (January 3, 2022)
  

CPA News 2022

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Nicholas G. Vardalos & Company is a full service accounting firm serving clients throughout the Chicago metropolitan area, northwest Indiana and southwest Michigan.

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