Accounting Portal Articles

2011 CPA Exam Score Release Timeline

Scoring timeline for 2011 From the fourth testing window  in 2011 will scores be released to NASBA following the first month of testing in a window, with subsequent score releases every two weeks for...

CPA Exam Sample Tests

Click here for Uniform CPA Examination Sample Tests and Tutorial on AICPA website. The sample tests provide  preview of the CPA Examination experience and is functional replica of real CPA Examination. The sample test...

XBRL International Releases Abstract Model

The abstract model provides a conceptual framework for understanding XBRL and gives developers a strong foundation for implementing XBRL solutions. The initial draft of the abstract model.   Source

CP-2000 – Notice of Underreported Income

IRS compares the information reported by employers, banks, businesses and other payers on forms W-2, 1098, 1099, etc., with income and deductions reported on your income tax return. If you failed to report any...

Prohibited Transaction Exemption Procedures; Employee Benefit Plans

Prohibited Transaction Exemption Procedures; Employee Benefit Plans   [10/27/2011] [PDF] [Federal Register Volume 76, Number 208 (Thursday, October 27, 2011)] [Rules and Regulations] [Pages 66637-66654] From the Federal Register Online via the Government Printing Office...

New York State Disability Benefits Forms for Employers

DB-102 Information for Employer Regarding Disability Benefits Law DB-135 Employer’s Application for Voluntary Coverage for Class of Employees For Whom Disability Benefits Are Not Required by Law (No Employee Contribution) OC-923 Important Information for...

Pension Plan Limitations for 2012

IRS  announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2012. In general, many of the pension plan limitations will change for 2012 because the...

New Payment Card Reporting Requirements – FAQ

What is section 6050W of the Internal Revenue Code? Section 6050W was added by section 3091 of the Housing Assistance Tax Act of 2008 and requires information returns to be made by certain payors...

PTIN Renewals for 2012 Filing Season

The Internal Revenue Service  announced that the nation’s 738,000 tax return preparers who have Preparer Tax Identification Numbers (PTINs) can now renew their PTINs for the 2012 filing season. Preparers are required to renew...

Sales Tax Deduction Calculator

To figure the amount of optional general sales tax you are eligible to claim, just answer a few online questions and the system does the rest. First select the tax year for which you...

Federal Unemployment Tax (FUTA)

The Federal Unemployment Tax Act (FUTA), with state unemployment systems, provides for payments of unemployment compensation to workers who have lost their jobs. Most employers pay both a federal and a state unemployment tax....