AICPA Insights

By AICPA Insights

What's AICPA Insights 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.

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AICPA Insights episodes:

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...
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...
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.
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...
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.
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...
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.
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...
11.26.2013
Charitable Remainder Trusts
A Charitable Remainder Trust is a split interest trust consisting of an income interest, which is paid to the donor or other beneficiary during the term of the trust, and a remainder interest, which is paid to the designated charity....
11.12.2013
Year-End Financial Planning: Bracket Management
Because of the multi-dimensional tax environment that now exists post-American Taxpayer Relief Act, CPA financial planners must look at the tax impact on clients’ financial plans through a 5 to 10 year horizon. Ordinary income tax rates from the Bush...
11.08.2013
Proactive Year-End Financial and Tax Planning
Demonstrate your firm's value by understanding and implementing year-end strategies that are timely and beneficial. This AICPA Insights Live session discusses the American Tax Payer Relief Act and Net Investment Insurance Tax as it pertains to year-end tax planning.
11.04.2013
Year-End Planning: The 3.8% Net Investment Income Tax
Strategies for reducing net investment income include municipal bonds, tax deferred annuities, life insurance, rental real estate, oil and gas investments, choice of accounting year for estate/trust and timing of estate/trust distributions. Strategies for reducing modified adjusted gross income include...
09.16.2013
IRS Guidance Following DOMA Decision
In the wake of the Supreme Court’s Windsor decision invalidating a portion of the Defense of Marriage Act, the Treasury Department and the Internal Revenue Service announced on Aug. 29 that “same-sex couples, legally married in jurisdictions that recognize their...
08.19.2013
Affordable Care Act Implications You Need to Know Now
In this podcast, Ted Sarenski discusses the latest developments regarding health care reform and the Affordable Care Act, including what will be required of health plans offered both through exchanges and employers, the delay to 2015 of the requirement for...
07.18.2013
Tax and Estate Planning Following the DOMA Decision
This podcast from Bob Keebler covers tax and estate planning following the Defense of Marriage Act decision by the Supreme Court of the U.S. Bob discusses the complexity of moving from a same-sex marriage state to an opposite-sex only marriage...
12.24.2012
3 Immediate 2012 Tax Planning Opportunities for Individuals
Bob Keebler discusses three opportunities individuals can take advantage while we wait for final resolution on the "fiscal cliff." I would like to talk about today are gain harvesting to avoid the increase in the capital gains, Roth conversions to...
12.17.2012
Charitable Remainder Trust and the 3.8% Medicare Surtax
The 3.8% Medicare surtax on net investment income is set to take effect on Jan. 1, 2013. How this surtax will affect those who are current beneficiaries of charitable remainder trusts is a hot financial planning topic. Robert Keebler explores...
07.30.2012
Estates and Trusts with 3.8% Medicare Surtax
The Supreme Court’s decision upholding the Affordable Care Act confirmed that trusts and estates will be subject to a new 3.8% Medicare surtax when net investment income exceeds a threshold amount. This year presents an unprecedented opportunity for you to...
07.12.2012
Planning Strategies in Wake of the New 3.8% Medicare Surtax
The Supreme Court’s decision upholding the Affordable Care Act confirmed that taxpayers whose income exceeds a threshold amount will be subject to a 3.8% Medicare surtax on net investment income, effectively raising their marginal income tax rate. However, whether the...
07.04.2012
Key Income Tax Planning Ideas for 2012
This year presents an unprecedented opportunity for you to differentiate your firm and services and show that you provide significant value to your clients by having all of their financial planning needs in mind, including retirement, estate, tax, investment and...
03.12.2012
Proactive Planning with Your Individual Clients during Tax Season
In this audio stream, Lyle, Ted and Scott discuss why 2012 is a critical year to proactively plan with your clients. Hear about planning techniques that need to be considered now given the many unknowns in 2013. Learn about...
03.07.2012
Estate Planning Impact of the President’s Budget Proposals
A 20 minute podcast on the estate planning and financial planning impact of the estate tax provisions in the recently released President’s fiscal year 2013 budget proposal covers various provisions, including those affecting intentionally defective grantor trusts, valuation discounts and...
01.16.2012
Michael Kitces on Cost Basis Reporting Rules
In this audio stream, Michael Kitces covers the new cost basis reporting rules enacted under the Emergency Economic Stabilization Act of 2008. Note that the new tracking rules will require any financial intermediaries (i.e., generally all brokers and custodians, as...
01.02.2012
Bob Keebler on Refining the Roth Strategy
In this audio stream, Bob Keebler covers the new thinking as it relates to Roth planning given market volatility. Key considerations include: Opportunistic conversions (i.e., optimizing Roth segregation strategies, which focus on the volatility of the stock market); Hedging against...
12.30.2011
New Estate Planning Guidance for Decedents Who Passed in 2010
Notice 2011-66 provides guidance for executors of estates of decedents who died in 2010 regarding the time and manner of choosing to opt out of the estate tax have the carryover basis rules apply. Revenue Procedure 2011-41 provides safe harbor...
12.26.2011
Impact of the Debt Ceiling Fallout
Have your clients been asking you tough questions about the current U.S. fiscal situation in this time of uncertainty? "Should I change my asset allocation? Should I put money in gold? Should I get out of the stock market as...
12.16.2011
2011 Deaths and Form 706 and Portability - 11/15/2011
The IRS on Sept. 29 issued Notice 2011-82 to alert executors of 2011 estates of the need to file a Form 706 to make the election to transfer a decedent's unused $5 million estate and gift tax exclusion to the...
10.20.2011
Recent Estate Tax Developments - 9/13/2011
The final Form 706 and instructions were issued early September by the Internal Revenue Service for decedents who died in 2010. For most people who died in 2010, the form and estate tax payment were due Sept. 19. The AICPA...

What's AICPA Insights about?

Download our free app to listen on your phone

AICPA Insights episodes:

Relief for Missed Portability Elections

Interview with Team Who Wrote Net Investment Income Tax

Explore the New IRS Form for Net Investment Income Tax

Understanding and Applying the Statement on Standards in PFP Services

Understanding the 3.8% Net Investment Income Tax and Its Effects

Hot Topics and FAQs from the A and A Technical Hotline

10 Things You Should Know About Internal Controls

Roth IRA Conversions

Charitable Remainder Trusts

Year-End Financial Planning: Bracket Management

Proactive Year-End Financial and Tax Planning

Year-End Planning: The 3.8% Net Investment Income Tax

IRS Guidance Following DOMA Decision

Affordable Care Act Implications You Need to Know Now

Tax and Estate Planning Following the DOMA Decision

3 Immediate 2012 Tax Planning Opportunities for Individuals

Charitable Remainder Trust and the 3.8% Medicare Surtax

Estates and Trusts with 3.8% Medicare Surtax

Planning Strategies in Wake of the New 3.8% Medicare Surtax

Key Income Tax Planning Ideas for 2012

Proactive Planning with Your Individual Clients during Tax Season

Estate Planning Impact of the President’s Budget Proposals

Michael Kitces on Cost Basis Reporting Rules

Bob Keebler on Refining the Roth Strategy

New Estate Planning Guidance for Decedents Who Passed in 2010

Impact of the Debt Ceiling Fallout

2011 Deaths and Form 706 and Portability - 11/15/2011

Recent Estate Tax Developments - 9/13/2011