December 1, 2011
As the year winds down and you wrap up your continuing education hours for the year, make sure you collect and hang on to your certificates for the classes you attend. Organization and record-keeping come pretty easily to accountants, so it shouldn't really be a chore to keep track of your hours. If you work in a larger firm, the firm probably takes care of keeping the records for you. But what should you do if you come up short when the auditor comes calling?

Gail Perry, CPA
Keep All Your CPE Certificates of Completion – You Might Be Audited
When fulfilling their continuing professional education (CPE) requirements for license renewal, CPAs need to keep their certificates of completion, even if their particular state boards of accountancy don't require the CPAs to file the forms.
Charitable Rollovers Are Set to Fall off the Table
Unless Congress takes action soon, on December 31, 2011, a unique tax break for senior citizens will be wiped off the books. This tax law provision - the Pension Protection Act of 2006 - allows qualified taxpayers to "roll over" funds tax-free from an IRA to a charity.
Alabama Tax Preparer Gets Jail Time for Falsifying Tax Returns
Chiquita Q. Broadnax, a resident of Montgomery County, AL, has been sentenced to 18 months in prison for her involvement in a fraudulent tax return perpetration scheme.
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