AICPA Insights

AICPA Insights
  • 3.9 (14)
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AICPA Insights is the official blog for the American Institute of CPAs. AICPA Insights features posts from AICPA staff on a variety of topics affecting the accounting profession, the Institute and its members.

  1. 02/14/2014

    Relief for Missed Portability Elections

    In this podcast, Bob Keebler covers Revenue Procedure 2014-18, which provides a simplified method for certain taxpayers to obtain an extension of time to make a portability election. Rev. Proc. 2014-18 provides an automatic extension for certain estates of decedents dying in 2011, 2012 and 2013 to elect portability. The extension applies to estates that would otherwise not have had a filing requirement, and allows the estates to file a return to elect portability until December 31. It includes the estates of same-sex decedents who were not eligible to elect portability until after the Windsor decision.

    9 min

  2. 01/29/2014

    Interview with Team Who Wrote Net Investment Income Tax

    Bob Keebler interviews David Kirk and Adrienne Mikolshek, part of the team who wrote the Net Investment Income Tax regulations, to help members understand the new IRS Form 8960, Net Investment Income Tax for Individuals, Estates and Trusts and the draft instructions.

    41 min

  3. 01/24/2014

    Explore the New IRS Form for Net Investment Income Tax

    Bob Keebler goes line by line through Form 8960, Net Investment Income Tax for Individual, Estates and Trusts, to help members understand key elements they need to know for tax season.

    26 min

  4. 01/21/2014

    Understanding and Applying the Statement on Standards in PFP Services

    Over the past three decades CPAs have expanded the planning advice they provide to individuals and families as it relates to such areas as estate, retirement, risk management and investment planning. To adapt to a rapidly evolving profession and regulatory landscape and in addition to the already existing regulatory framework for CPAs, the AICPA is promulgating the Statement on Standards in Personal Financial Planning Services to protect the public and our members. In this podcast, Clark Blackman and Dirk Edwards lead you through a discussion on the nature and objective of the SSPFPS; when and to whom it applies; an overview of the requirements; how the standard will help elevate your practice; and the timeline for issuance and resources.

    46 min

  5. 01/16/2014

    Understanding the 3.8% Net Investment Income Tax and Its Effects

    In this podcast, Bob Keebler discusses the impact of the regulations on net investment income tax.

    36 min

  6. 12/24/2013

    Hot Topics and FAQs from the A and A Technical Hotline

    The AICPA Technical Hotline provides non-authoritative advice to members on matters of accounting and financial reporting, audit, attest, compilation and review service standards. This podcast, the AICPA Insights Live webcast on Nov. 22, addresses some of the more commonly asked questions over the past year in the areas of audit, attest, compilation and review engagements. Highlights include the new clarified audit standards, verification requests, supplementary information and Service Organization Controls reporting.

    55 min

  7. 12/10/2013

    10 Things You Should Know About Internal Controls

    The following podcast is from the AICPA Insights Live webcast series and covers 10 things one should know about internal controls as presented by Findley Gillespie and Steven Gin of Moss Adams.

    1h 3m

  8. 12/03/2013

    Roth IRA Conversions

    The purpose of Roth IRA conversions as it relates to the Net Investment Income Tax is to lower modified adjusted gross income below the threshold amount over the long-term. Some benefits of Roth conversions include lower overall taxable income, tax-free compounding, no required minimum distributions at age 70 ½, tax-free withdrawals for beneficiaries and more effective funding of the "bypass trust." Converting to a Roth IRA creates opportunities to reduce the overall size of the estate and to take advantage of greater tax-free yields and favorable tax attributes. Bob Keebler walks you through the mathematics of conversion through examples, tactical considerations and a four-step process for Roth conversion planning.

    12 min
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Ratings & Reviews

3.9
out of 5
14 Ratings

About

AICPA Insights is the official blog for the American Institute of CPAs. AICPA Insights features posts from AICPA staff on a variety of topics affecting the accounting profession, the Institute and its members.

Information

  • Creator
    AICPA Insights
  • Years Active
    2011 - 2014
  • Episodes
    29
  • Rating
    Clean
  • Copyright
    Copyright © 2006-2011 American Institute of CPAs
  • Show Website
    AICPA Insights