E-New February 13, 2018: Save the Date for the Members Advisory Symposium, How will Tax Law Changes Affect CPA Candidates and more

by MICPA | Feb 13, 2018   ()

SAVE THE DATE: MICPA Spring Members Advisory Symposium - Wednesday, May 9 - Shenandoah Country Club, West Bloomfield

New Self-Serve Option to Help State Income Tax Filers
Michigan taxpayers with questions about their state income taxes can receive answers online through Treasury Self-Serve. Taxpayers can check refund status, ask general and specific questions, change addresses and see the status of letters sent to the state Treasury Department. The online platform is available 24/7 with responses typically given within 24 to 48 hours.
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IRS Statement on Retroactive Extender Provisions
An IRS statement indicates the agency is reviewing legislation signed on Feb. 9 that retroactively extend and modify numerous tax provisions covering 2017 and intends to provide additional information as soon as possible for affected taxpayers and tax professionals.
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IRS Announces 2018 Pension Plan Limitations Not Affected by New Tax Law
The IRS says the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans that were announced in IR 2017-177 and detailed in Notice 2017-64.
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IRS Creates Special Page for Tax Reform
To help the tax community track information related to the Tax Cuts and Jobs Act, the IRS has created a special page on to highlight provisions of the new law. The frequently updated page will include a "one-stop" listing of new legal guidance, news releases, Frequently Asked Questions, and other information related to the new law.
IRS Tax Law Updates

Use Pub 2043 to Set Refund Expectations for Your Clients
IRS Publication 2043, IRS Refund Information Guidelines for the Tax Preparation Community, is now available for 2018. The publication provides the latest refund information and guidelines including specific information for your clients claiming the Earned Income Tax Credit or Advance Child Tax Credit.
Publication 2043

It’s Working! Key Identity Theft Indicators Continue Dramatic Decline in 2017
The IRS announced steep declines in tax-related identity theft in 2017, attributing the success to the Security Summit initiatives that help safeguard the nation’s taxpayers.
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Best Practices to Implement a New Business System
Technological innovation, new regulations, and corporate changes require upgrading or replacing legacy business systems. This Financial Management article explains how to do it best.
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CPAs in Business: 5 (or more) Reasons You’d Regret Missing MEGA on Feb. 22
Spend one day at the MICPA MEGA Conference to learn how the massive changes in the new tax law impact business and tax planning. Plus, choose from more than a dozen breakout sessions on issues critical to your daily operations, including new audit guidelines, changing FASB and COSO standards, and cybersecurity.

In addition to gaining critical knowledge, extra MICPA-member value is built into this MEGA event: (1) register now to get an extra $20 off new registrations, (2) extend MICPA member pricing to your non-CPA colleagues (extra $20 off also applies!), (3) earn an Ethics credit in the optional early-bird session, (4) receive an exclusive tax reform prep kit designed for accounting professionals in industry, and (5) earn an extra “other” hour in a free nite-owl session on D&O insurance. This brochure contains all the details. Call 855.594.4273 to register and get the discount.
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Social Security Benefits Hacked: A Cautionary Tale
No one is immune. A CPA financial planner who had taken precautions to protect his identity became the victim of Social Security benefit theft. Learn who is vulnerable, and how to protect yourself and alert your clients in this AICPA Insights blog post.
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CPA Candidates: How Will the 2017 Tax Law Changes Affect You?
The AICPA Board of Examiners has approved Jan. 1, 2019 (19Q1), as the day content related to the Tax Cuts and Jobs Act of 2017 will be eligible for testing on the Uniform CPA Examination. For the rest of 2018, the exam will continue to test the tax laws and regulations in effect before the enactment of the new law.
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Register Today: Free CPA Exam Blueprint Webcast on February 15
Exam candidates are invited to attend a free webcast hosted by the AICPA CPA Exams team to get a deep dive of the CPA Exam Blueprints. This is an opportunity to learn more about what the Exam tests in each section.

Source: MICPA
Source: MICPA

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