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Columns

Home /Columns
January/February 2023

Reassessing the Erroneous Refund Penalty

The IRS Flexes an Obscure Authority

By  Megan L. Brackney, JD, LLM (Tax)

March 2023 0

Under IRC section 6676, the IRS has the authority to assess penalties against taxpayers for making erroneous claims for refund or credit. In a 2013…

November/December 2022

Cybersecurity Resources for Accounting Practices

By  Susan B. Anders, PhD, CPA/CGMA

January 2023 0

Many respondents to The CPA Journal's 2022 Practice Management and Tax Practice Survey (see p. 28 of this issue) reported that they have adopted new practice…

Featured

First Look at the Secure Act 2.0

Practical and Legal Considerations

By  Sheldon M. Geller, JD, CPA

January 2023 0

On December 23, 2022, Congress passed the Securing a Strong Retirement Act of 2022 (Secure 2.0) as part of the Consolidated Appropriations Act of 2023,…

September/October 2022

ICYMI | Current Developments in the Northeast

By  Corey L. Rosenthal, JD

December 2022 0

CPAs need to be aware of current tax developments in key states to properly advise clients that are doing business in multiple jurisdictions. As state…

September/October 2022

Forté Capital’s Selected Statistics

Economic & Market Data

By  CPAJ Staff

December 2022 0

Forté Capital's Selected Statistics U.S. Treasury Yield Curve This chart illustrates the impact of Federal Reserve monetary policy, which is aimed at bringing inflation to…

September/October 2022

Underpricing Leads to Undervaluing

By  Jason L. Ackerman, CPA, CFP, CGMA

December 2022 0

The more I talk to other CPA firms and analyze my own firm, the more I have come to realize that most of our problems…

September/October 2022

State Society Diversity, Equity, and Inclusion Resources

By  Susan B. Anders, PhD, CPA/CGMA

December 2022 0

The accounting profession is well aware of the need to attract and retain new accounting professionals. The AICPA's 2021 Trends: A Report on Accounting Education,…

September/October 2022

The CPA’s Role In Protecting Aging or Incapacitated Individuals

By  Martin Shenkman, JD, CPA/PFS, AEP

November 2022 0

The U.S. population is aging, and CPAs should consider this fact in determining which services they can offer and how they will adapt their practices…

September/October 2022

SSDI and SSI—Government Programs to Help the Disabled

What CPAs Need to Know to Answer Pressing Questions

By  Sidney Kess, JD, LLM, CPA and Aaron Moss, JD

November 2022 0

The U.S. federal government has a wide range of programs to help those in need, including health insurance for seniors (Medicare), discounted phone and Internet…

September/October 2022

Current Developments in the Northeast

By  Corey L. Rosenthal, JD

November 2022 0

CPAs need to be aware of current tax developments in key states to properly advise clients that are doing business in multiple jurisdictions. As state…

Featured

ICYMI | Taxation of Cryptocurrency Resources

By  Susan B. Anders, PhD, CPA/CGMA

November 2022 0

Individual taxpayers have probably noticed that they have been required to answer questions on Form 1040 about virtual currency transactions in recent years. The U.S.…

Featured

Zagging to Tax Returns

By  Jason L. Ackerman, CPA, CFP, CGMA

October 2022 0

The trend in today's modern CPA firm is to pursue business cloud accounting services (CAS) and only offer tax returns as an “add-on” service. Many…

Featured

B Corporation Resources

By  Susan B. Anders, PhD, CPA/CGMA

October 2022 0

B Corporations are for-profit entities that not only provide products or services with a goal of earning a profit for its owners, they also contribute…

Featured

CFO of the Future

By  Frank Manzi, CPA and Mark Martinelli, CPA

October 2022 0

The title of this article is more than a little misleading. The future is now—effective CFOs not only know this, they strive to bring the…

July/August 2022

Operational Compliance in a Highly Regulated Environment

Avoiding Fiduciary Breaches, Regulatory Review, Corrective Contributions, and Monetary Sanctions

By  Sheldon M. Geller, JD, CPA

September 2022 0

Plan administrators named in the plan document, or acting as administration fiduciaries by filing Form 5500, must administer their 401(k) plan in accordance with plan…

July/August 2022

Key Personal Income Tax Decision

New York Appeals Court Holds Taxpayer’s Vacation Home Did Not Qualify as ‘Permanent Place of Abode’

By  Corey L. Rosenthal, JD and Lance E. Rothenberg, JD, LLM

September 2022 0

In a significant development, a New York appeals court recently held that a taxpayer's vacation home did not, in fact, qualify as a “permanent place…

Featured

ICYMI | Department of Labor Position on Cryptocurrency Investment in 401(k) Plans

Practical and Legal Considerations

By  Sheldon M. Geller, JD, CPA

September 2022 0

Many 401(k) plan sponsors mistakenly believe that they have no liability for investment fund options made available to participants in core investment menus and self-directed…

Featured

ICYMI | Recent California State and Local Tax Developments

New Provisions and Requirements May Impact Out-of-State Taxpayers

By  Corey L. Rosenthal, JD and Krista Schipp, CPA

September 2022 0

CPAs need to be aware of current tax developments in key states to properly advise entities doing business in multiple jurisdictions. Below is an overview…

May/June 2022

Forté Capital’s Selected Statistics

Economic & Market Data

By  CPAJ Staff

August 2022 0

Forté Capital's Selected Statistics U.S. New Home Sales The recent rise in mortgage rates has cooled the sales of new homes. The rush to close…

Featured

Taxation of Cryptocurrency Resources

By  Susan B. Anders, PhD, CPA/CGMA

August 2022 0

Individual taxpayers have probably noticed that they have been required to answer questions on Form 1040 about virtual currency transactions in recent years. The U.S.…

Featured

Gift Tax Returns on Extension

What to Consider Before Filing

By  Martin Shenkman, JD, CPA/PFS, AEP

August 2022 0

Gift tax returns that have been extended can provide a breather for tax preparers. That time should be used to plan the return, obtain relevant…

Featured

The Taxability of Third-Party Food Delivery Services

Understanding Complex Local Rules to Determine the Responsible Party

By  Corey L. Rosenthal, JD, Scott Smith and Latasha Lewis, CMI

July 2022 0

Two years into an unprecedented global pandemic, the impact of coronavirus (COVID-19) is still felt in many industries. The hospitality industry continues to be one…

March/April 2022

Forté Capital’s Selected Statistics

Economic & Market Data

By  CPAJ Staff

June 2022 0

Forté Capital's Selected Statistics U.S. Treasury Yield Curve The yield curve has settled back into a normal shape, having been inverted from the 2-year to…

Featured

New International Accounting Ethics Standards

By  Susan B. Anders, PhD, CPA/CGMA

June 2022 0

In September 2018, the International Ethics Standards Board for Accountants (IESBA) issued a new International Code of Ethics for Professional Accountants, which was recently revised…

Featured

Department of Labor Position on Cryptocurrency Investment in 401(k) Plans

Practical and Legal Considerations

By  Sheldon M. Geller, JD, CPA

June 2022 0

Many 401(k) plan sponsors mistakenly believe that they have no liability for investment fund options made available to participants in core investment menus and self-directed…

Featured

The Risks Facing the CFO

By  Frank Manzi, CPA and Mark Martinelli, CPA

June 2022 0

Business risk is defined in generic terms as the exposure a company must consider that may lower its profits or lead it to fail. This…

Featured

Growing Today’s Accounting Businesses

By  Edward Mendlowitz, CPA/PFS, ABV

June 2022 0

Over the past 20 years, many public accounting practices transformed into accounting businesses, with some even becoming multifaceted professional services organizations. The shift was precipitated…

Featured

Recent California State and Local Tax Developments

New Provisions and Requirements May Impact Out-of-State Taxpayers

By  Corey L. Rosenthal, JD and Krista Schipp, CPA

May 2022 0

CPAs need to be aware of current tax developments in key states to properly advise entities doing business in multiple jurisdictions. Below is an overview…

Featured

ICYMI | Defining Client Service

By  Jason L. Ackerman, CPA, CFP, CGMA

May 2022 0

The buzzword in CPA firms these days is advising: How do we get our firm to do more advising, how do our teams become advisors, and…

January/February 2022

Forté Capital’s Selected Statistics

Economic & Market Data

By  CPAJ Staff

April 2022 0

Forté Capital's Selected Statistics U.S. Treasury Yield Curve One of the driving factors in both the economic picture and the capital markets is the expectation…

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Our Latest Content

  • CPAJ News Briefs: FASB, PCAOB, IASB March 2023
  • Reassessing the Erroneous Refund Penalty March 2023
  • Keynote Session March 2023
  • Ensuring Integrity March 2023
  • ICYMI | Enhancing Employee Resilience March 2023












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