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Changes in tax practice standards affect CPAs
Thomas J. Purcell III, James W. Sansone, Donald J. Tracy, Changes in Tax Practice Standards Affect CPAs, J. Acct., May 2010, at 24.
Changes to IRC Subsection 6694 and 6695 in recent years have expanded the penalties that can be imposed on tax return preparers in amounts, types of tax returns covered, and the rigor of standards that preparers must meet ...
Circular 230: Its day-to-day impact on tax practices
Blaise M. Sonnier, Circular 230: Its Day-to-Day Impact on Tax Practices, 43 Tax Adviser 130 (2012) (Thomas J. Purcell III, ed.).
The article focuses on Circular 230 of the U.S. Code of Federal Rules, also known as the Regulations Governing Practice Before the Internal Revenue Service, which applies to tax practitioners and advisers. Information is ...
Codification of economic substance affects all tax practitioners
Gregory M. Fowler, Andrew M. Mattson, James F. Bresnahan II, Codification of Economic Substance Affects All Tax Practitioners, 42 Tax Adviser 540 (2011) (Thomas J. Purcell III, ed.).
The article discusses the uncertainty surrounding the codification of the economic substance doctrine and its impact on the professional practice and obligations of certified public accountants (CPAs) in the U.S. in August ...
Tax practice responsibilities
Thomas J. Purcell III, Tax Practice Responsibilities, 42 Tax Adviser 346 (2011).
The article offers information on the responsibilities of Cetified Public Accountants who act as tax preparers, focusing on the role and jurisdiction of the Tax Practice Responsibilities Committee (TPRC) of the American ...
Ethical issues in tax practice
Thomas J. Purcell III & James W. Sansone, Ethical Issues in Tax Practice, in Great Plains Federal Tax Institute (2011).
An overview and current update on the Internal Revenue Code, regulatory, judicial, and professional ethics provisions of federal and state tax practice. Emphasis on recent changes to Circular 230 and Section 6694 tax return ...
Ethical issues in tax pratice
Thomas J. Purcell III, Ethical Issues in Tax Practice, in Great Plains Federal Tax Institute (2010).
An overview of Internal Revenue Code, regulatory and judicial oversight of federal and state tax practice. Emphasis on recent changes to Circular 230 and updates on Section 694 tax return preparer regulations.
Due diligence update
Joseph W. Schneid, Due Diligence Update, 43 Tax Adviser 340 (2012) (Thomas J. Purcell III, ed.).
The article discusses the American Institute of Certified Public Accountants (AICPA) and its Tax Practice Responsibilities Committee's issuance of guidance regarding professional performance standards such as the exercising ...