Times have changed; professional standards should, too

Times have changed; professional standards should, too

Tuesday, February 26, 2019

Times have changed; professional standards should, too

By Henry Grzes, CPA

Related TOPICS

Tax practitioners have seen shifts in the way they do business during the last decade. As a result, the standards that practitioners rely on to govern our methods and practices must also change. Statements on Standards for Tax Services to reflect the new ways tax practitioners work and is looking for insights into where practitioners think the future of tax will lead.

If you have a comment or suggestion on how we can best update the Statements on Standards for Tax Services, please contact Henry Grzes at [email protected]. We look forward to working with you.

Henry Grzes is a lead manager in the AICPA's Tax Practice & Ethics Group.

(Original source: link)

Recent News

Distribution by former S corporation is part dividend

May 10, 2019

In Rev. Rul. 2019-13, the IRS ruled that a distribution to the sole shareholder of a C corporation was partly a recovery of the former S corporation’s accumulated adjustments account (AAA) and a taxable dividend for the remaining distribution. The company involved was originally a C c…

IRS changes maximum-vehicle-value rule

May 09, 2019

The IRS intends to revise its regulations to make them consistent with the recent statutory changes to the automobile price inflation adjustment in Sec. 280F(d)(7), which affect the vehicle value that applies when valuing employees’ personal use of employer-provided vehicles (Notice 20…