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January 10, 2013
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  Top Story 
  • IRS needs to streamline identity theft support: The Internal Revenue Service needs to streamline the 21 units it has created in various departments to support victims of identity theft, Taxpayer Advocate Nina Olson says in a report. "Taxpayers need 'one-stop shopping' -- a single point of contact they can work with to resolve all issues in their cases -- and the IRS needs a 'traffic cop' to make sure that all units complete their actions and that parts of cases do not fall through the cracks," Olson said. The Hill/On the Money blog (1/9) LinkedInFacebookTwitterEmail this Story
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  Financial Focus 
Are You Ready for Tax Season?
Let the experts get you up to speed on the key changes you need to know as a result of the latest tax legislation. AICPA tax resources include CPE self-study, publications, webcasts, and conferences, including the recently released 2012 editions of Kess' Individual & Corporate Tax Returns videocourses. Go to
  A&A Report 
  • Unitized accounting can facilitate blended pension programs
    Blended pension programs that include defined benefit and defined contribution components can take advantage of the economies of scale by unitizing the investment portfolios, "in essence using mutual fund accounting principles and calculating a net asset value for each desired investment program, and making those same portfolios available to both plans," writes Kip Meadows, founder and CEO of Nottingham. Pensions & Investments (free registration) (1/9) LinkedInFacebookTwitterEmail this Story
  • Other News
  Tax Spotlight 
  • Questions remain about conflicts of interest in Circular 230
    NO IMAGE FOUNDThe IRS' Office of Professional Responsibility, which oversees compliance with Circular 230, is renewing its focus on enforcing the Conflicts of Interest rule contained in section 10.29, writes Edward S. Karl, CPA, vice president of taxation at American Institute of CPAs. Proposed changes to Circular 230 were released in September and the AICPA submitted comments on them. However, Karl writes, "[s]ome potential conflicts are a little more obvious than others." The AICPA is hosting a webcast on these issues today, with special guest Karen Hawkins, the director of OPR. AICPA Insights (1/9) LinkedInFacebookTwitterEmail this Story

  • Other News
  International View 
  Here & There 
  AICPA News 
  • Insurance Audit Update webcast to cover latest developments that affect audits
    This webcast, Insurance Audit Update, to be held 11 a.m. to 12 p.m. ET on Jan. 15, provides auditors of financial statements of insurance entities with an overview of recent economic, industry, technical and regulatory developments that may affect the audits they perform. Specifically, several areas of interest to auditors of insurance entities will be discussed including an industry overview, current statutory issues and GAAS: The Clarity Project. Register today. LinkedInFacebookTwitterEmail this Story

  • Free webinar: Uncover tax tools and resources for Tax Section members
    Make sure you are getting all your free benefits for tax season in this free (no CPE) webcast, Hidden Treasures -- Maximize the Value of Your Tax Section Membership, to be held 11 a.m. to 12 p.m. ET on Jan. 11. Find out about discounts and tax practice support, including a section on the Interactive Tax Checklists -- get your questions answered so you can start using these invaluable resources. LinkedInFacebookTwitterEmail this Story

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The American Institute of Certified Public Accountants is the world’s largest association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125 year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation to elevate management accounting globally.

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