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Ed Zollars - Misleading silences are sometimes fine in tax

May 28, 2024

This week we look at: Yet another PLR requested for missed QSST election after S shares moved to trust following death of a shareholder; Tax preparer’s conviction for willfully filing false returns upheld on appeal despite his argument he had doing what he did for years; Letters to taxpayer from IRS Appeals did not extend the time to file suit for a claim for refund; A partnership had properly elected to use BBA audit provisions early, rendering IRS FPAA invalid

  • tax

AANHPI Heritage Month Spotlight: Crisanto Agtani

May 25, 2024

Meet Crisanto Agtani, a dynamic leader at Macri, LLC. Through his involvement in Oregon's Filipino community and OSCPA, he shares insights on identity, resilience, and an empathic approach to service.

  • member news
  • celebrating dei

After five years in an accounting career, what's next?

May 24, 2024

Accounting is cool, or at least cooler than people think (hint: we prevent crises and help individuals, businesses and communities prepare for a better tomorrow).

  • careers

The 20 most financially savvy states

May 24, 2024

The top state in the ranking received a total score for financial literacy of 72.46 out of 100. Oregon ranked 15 on the list.

AANHPI Heritage Month Spotlight: Cierra Leopoldino

May 23, 2024

Cierra Leopoldino of REDW LLC lives by the Hawaiian motto "Malama kekahi i kekahi," meaning to care for one another. With this ethos and her Hawaiian roots, she cultivates professional landscapes that prioritize collaboration, respect, and a strong sense of community.

  • member news
  • celebrating dei

New AICPA chair: ‘We need to promote the cool work we do’

May 23, 2024

As 2024–2025 AICPA chair, Carla McCall, CPA, CGMA, will focus on promoting the value and sustainability of the profession, driving innovation through interdisciplinary skills and fostering inclusion and opportunity.

  • aicpa
  • careers
  • pipeline

CEO Melancon, 'passionate advocate' for the profession, to retire

May 22, 2024

A “passionate advocate” for the profession, Barry Melancon, CPA, CGMA, the youngest AICPA CEO upon his appointment, will depart as its longest-serving chief executive.

  • aicpa
  • careers

Tax benefits for homeowners

May 22, 2024

Whether someone is a current homeowner or buying a new home this summer owning a home can be expensive. There are tax benefits that can help taxpayers save money and offset some of the costs that come with homeownership.

  • irs
  • tax

AANHPI Heritage Month Spotlight: Taylor Larson

May 21, 2024

Meet OSCPA member Taylor Larson, Senior Tax Manager at Empirical Wealth Management and Board Treasurer for Saturday Academy. Taylor's approach, rooted in her Chinese American heritage, redefines client relationships and community engagement.

  • member news
  • celebrating dei

Illinois CPA Society releases updated CPA pipeline report

May 21, 2024

A new national survey reveals “time” is why more accounting majors and young professionals are skipping over becoming certified public accountants.

  • careers
  • pipeline

Deloitte’s 2024 Gen Z and Millennial Survey finds these generations stay true to their values as they navigate a rapidly changing world

May 20, 2024

Now in its 13th year, Deloitte’s 2024 Gen Z and Millennial Survey connected with nearly 23,000 respondents across 44 countries, examining the evolving circumstances shaping the workplace and the societal experiences of these generations globally. Reprint permission from Deloitte, LLP.

  • careers
  • pipeline

Ed Zollars - ERC battles continue

May 20, 2024

This week we look at: DOJ issues proposed rule that would remove cannabis businesses from loss of most business deductions under IRC §280E; Filing date relief issued for those impacted by Ohio tornadoes from March; IRS National Fraud Counsel speaks on ERC exams in ABA Tax Section webinar; Tax adviser files suit to attempt to force the IRS to start processing ERC claims Tax Court imposes penalty for raising frivolous claims against taxpayer who argued wages are not income (among other things)

  • tax

What is a stay interview and how does it boost retention?

May 20, 2024

Stay interviews, or retention interviews, are opportunities for companies to receive information from current employees that can help improve employee retention and gain understanding of why top employees are satisfied with their job. They can also alert you to existing problems that can be mitigated before top performers leaves the company.

  • careers

Becker CPA Exam Review Scholarship Drawing

May 17, 2024

Becker offers OSCPA members the chance to win a complimentary review course valued at $2,499! Only OSCPA candidate and student members are eligible, with one entry per member. The drawing runs May 1 - June 20, 2024. Winner will be notified in June.

IRS cuts PTIN fees

May 16, 2024

The Internal Revenue Service published final regulations officially lowering the fees for new Preparer Tax Identification Numbers and renewed PTINs.

  • irs
  • tax

PCAOB updates general auditor responsibilities, quality control rules

May 15, 2024

AS 1000 replaces AICPA-provided standards, and QC 1000 considers the AICPA’s new quality management standards.

  • accounting + auditing
  • aicpa

Prepare large estates for TCJA sunset now

May 15, 2024

Now is the time to talk with high-net-worth clients about using the temporarily doubled estate and gift tax exclusion before its sunset in 2026, Bob Keebler, CPA/PFS, stressed in a webcast.

  • esg

Leader Spotlight: Tricia Duncan

May 14, 2024

Board member Tricia Duncan of Jones & Roth PC encourages the profession to continue to innovate in how we bring new CPAs into the profession.

  • member news

Time for a tax practice tune-up

May 14, 2024

Building on busy season's lessons learned, CPA tax preparers and their firms can turn to optimizing performance going forward.

  • tax

Ed Zollars - Changes to CAFs and process for tax pros to obtain transcripts

May 13, 2024

This week we look at: IRS gives update on final results for ERC voluntary compliance program and discusses the future; The taxpayer’s contract did not make payment contingent on the success of research; DOJ announces CPA firm barred from promoting CRAT/single premium annuity shelter; IRS provides information on CAF “under review status” and changes to requesting transcripts

  • tax