MICPA CPE Tracker, IRS Unverified e-Services Users, Retirement Reform and more

by MICPA | Feb 07, 2017   ()

Bureau of Professional Licensing: Use MICPA CPE Tracker To Report CPE
The Michigan Department of Licensing and Regulatory Affairs recently issued a notice that license renewals for CPAs will be processed 100% online this year. The Bureau indicates that the MICPA CPE Tracker is an essential part of the process – allowing CPAs a convenient service to save continuing education information and then simply provide their Tracker code as part of the renewal process. Log in to the MICPA website to update your Tracker, or set up a new account here. Review CPE requirements online.

Make a Difference with the MICPA Team, Early Bird Sign Up Ends Feb. 13
Join us at Comerica Park for this year’s Komen Detroit Race for the Cure Saturday, May 13, as we walk to honor the lives affected by breast cancer. This marks the 14th year Team MICPA has helped sponsor the event, and we want you and your family to share the experience with us. February 13 is the deadline to get early bird pricing, so don’t miss out! This annual event is so inspiring and fun you’re going to want to invite your family, friends and co-workers to join you on Team MICPA. Contact Emily VanMeter at or call 248.267.3680 with any questions.

IRS Pulls the Plug on Unverified e-Services Users
As of Feb. 5, accounts were suspended for certain e-Services users who had not verified their identities with the IRS. As reported in the Dec. 6 E-News, the IRS mailed letters to users who had been active on their accounts in the past year and who had access to the Transcript Delivery System. Users were given 30 days to verify their identities as part of our effort to better secure the e-Services program and protect taxpayer data. The IRS has updated the landing page and the Important Update about Your e-Services Account to provide users with guidance about how to reinstate their accounts if they did not do so within the 30-day timeframe.

Gov. Snyder: 'Responsible Retirement Reform' Is Goal for Municipalities
In an effort to bring local and state officials together with employee representatives to discuss problems with growing, unfunded, long-term liabilities facing retirees and municipalities in Michigan, Gov. Rick Snyder has created the Task Force on Responsible Retirement Reform for Local Government. According to a statement issued yesterday, 334 local units of government provide retiree health care, a retiree defined benefit pension plan, or both. The total unfunded liability for healthcare is estimated at approximately $10 billion, while the total unfunded pension liability is estimated to be around $4 billion. MICPA members Dave Breen and Ben Carter co-chair the task force, which has been directed by the Governor to recommend reforms in the spring of this year. READ MORE

Updated 990-EZ: New Options to Help Exempt Organizations Avoid Errors
The IRS released an updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, that will help tax-exempt organizations avoid common mistakes when filing their annual return. READ MORE

Dangerous W-2 Phishing Net Widens: Targets Schools, Restaurants, Hospitals, Tribal Groups
Last week, the IRS issued an urgent alert to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits. READ MORE

IRS Identifies 13 "Campaigns" for Tighter Large Business Compliance Scrutiny
The IRS issued guidance that gives large business taxpayers some insight into which parts of their tax filings might get the greatest scrutiny going forward. Compliance Week reports that the IRS’s Large Business and International Division has identified 13 “campaigns,” or issues it will target in examinations in the coming year. READ MORE

GASB Issues Fiduciary Activity Guidance
The Governmental Accounting Standards Board established guidance for state and local governments regarding what constitutes fiduciary activity for financial reporting purposes, the recognition of liabilities to beneficiaries, and how fiduciary activities should be reported. READ MORE

Lunch and Learn: The Next CPA Exam Webcast on Thursday
The next version of the Uniform CPA Exam will launch on April 1, 2017. Exam candidates are invited to join a free webcast and Q&A session with the AICPA and National Association of State Boards of Accountancy at noon or 3 p.m. Thursday, Feb. 9. Participants will hear about exam content and blueprints, item types, testlet structure and scoring, as well as scheduling and other test administration topics. Register here.

NASBA Launches Webpage Dedicated to Next Version of the CPA Exam
NASBA recently created a webpage  with information specifically tailored to the next version of the Exam. Candidates will find items such as the updated Candidate Bulletin, FAQs, Exam Blueprints, information about the Exam’s Higher Order Skills and contact information. The site also provides information about scheduling their BEC and REG Exam sections as well as information about the rescheduling process. READ MORE

"You Say it How in Michigan?"
Whether you’ve lived here all your life, just moved here, or happen to be visiting or planning a vacation to Michigan, there’s now an online directory to help you with the correct pronunciation of Michigan’s many unique cities and places. The “You Say it How in Michigan?” guide includes an audio MP3 and the phonetic pronunciation of more than 2,200 listings from Cohoctah to Wequetonsing and everywhere in between, including the often debatable pronunciation of “Presque Isle.” Primarily developed to benefit audio book production for the blind and visually impaired, the guide will benefit anyone looking to experience Pure Michigan.

Source: MICPA
Source: MICPA

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