Tax news November 2012 | AccountingWEB

Tax news November 2012


Prepared Remarks of IRS Commissioner Douglas Shulman before the AICPA

In a few days' time - November 11 to be precise - my term as the forty-seventh Commissioner of the Internal Revenue Service officially comes to a close . . .

IRS Provides Additional Relief to Hurricane Sandy Victims

Following recent disaster declarations for individual assistance issued by the FEMA, the IRS announced November 2, 2012, that affected taxpayers in Connecticut, New Jersey, and New York will receive tax relief.

Tax Court: CPA Is Whistling in the Wind

The IRS recently told a CPA to "put his whistle away" because he wasn't entitled to a reward for turning in a fraudulent taxpayer. Now the Tax Court has upheld the IRS' decision in a new case of first impression.
Education & Careers

Wiley Launches

John Wiley & Sons announced the launch of, an online platform that will provide registered tax return preparer (RTRP) candidates with review guides, practice software, study tips, and exam resources.

Money Laundering Is Dirty Business

What do a California CPA and a former Italian prime minister have in common? Chances are they'll soon both be viewing life from behind iron bars for their crimes of money laundering and tax evasion.

AICPA Asks IRS for Broader Tax Relief

The American Institute of CPAs (AICPA) has asked the IRS to consider broader relief from filing deadlines for individuals and businesses affected by Hurricane Sandy.

Prepare for Potentially Looming "Fiscal Cliff"

As the end of the year grows closer, so does the uncertainty surrounding the "fiscal cliff" and tax planning for the future. The ICPAS is advising you to be prepared.


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