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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.

• 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.