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E-news: May 8, 2018 - New IRS Online Tool Expands Access to Information, 2018-2019 Officer and Director Nominees, and more

by MICPA | May 15, 2018   ()

New IRS Online Tool Expands Access to Information on Tax-Exempt Organizations
The IRS introduced a new online tool designed to provide faster, easier access to publicly available information about exempt organizations. The new Tax Exempt Organization Search (TEOS) makes images of newly-filed 990 forms available for the first time and provides access to more types of information than previously available using the former EO Select Check system.
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Disasters Don’t Plan Ahead, but You Can
Hurricane Preparedness Week is May 6-12. While we worry more about tornadoes than hurricanes in Michigan, it’s a good reminder to be prepared for natural disasters. Important steps include updating emergency plans; creating electronic copies of documents; and documenting valuables. The IRS has a specialist trained to handle disaster-related issues (call 866-562-5227). Additionally, the AICPA and the American Red Cross offer an online resource guide, “Disasters and Financial Planning.”
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Your Feedback Is Key to Proposed Code of Conduct Updates
With the latest proposed updates to the Code of Professional Conduct, practitioners will gain a better understanding of where significant threats to independence exist when members provide attest clients with information system services. Send feedback on this draft to Ethics-ExposureDraft@aicpa-cima.com by June 15, 2018.
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‘Level Up’ with These Revenue Recognition Working Drafts
The AICPA Financial Reporting Executive Committee (FinREC) published working drafts addressing revenue recognition issues in the gaming and telecommunication industries. A Journal of Accountancy article explains.
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Michigan Tax Tribunal Updates FAQs
The Michigan Tax Tribunal has revamped its online General Frequently Asked Questions to add categories to make it easier to find questions and include more questions based on frequent inquiries. If you have any suggestions for additional FAQs, send an email to taxtrib@michigan.gov.
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2018 ESA Statements Now Available
Michigan 2018 Essential Services Assessment (ESA) statements have been generated and are now available to all taxpayers whose Combined Document (Form 5278) information was forwarded to the Department of Treasury by the local assessor. ESA statements may be accessed via Michigan Treasury Online (MTO). For instructions on accessing and navigating MTO and submitting electronic ESA payments, visit the ESA website.
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MICPA Announces 2018-2019 Officer and Director Nominees
In accordance with Article VII, Section 2 of the MICPA Bylaws, the Nominations Committee met on April 24, 2018, and nominated officers and directors for terms expiring on the dates listed below. The following is a report from the Committee:

Officer Nominees - Terms expiring August 31, 2019

  • Chair of the Board – Robert M. Johnson, Shift Digital, Birmingham
  • Chair-Elect of the Board – David G. Echelbarger, Echelbarger Himebaugh Tamm & Co. PC, Grand Rapids Treasurer – Frank V. Maselli, EY, Detroit
  • Secretary – Michelle F. Randall, Schoolcraft College, Livonia
  • Immediate Past Chair – Alan C. Young, Alan C. Young & Associates PC, Detroit
  • Past Chair – Betsy W. Meter, KPMG LLP, Detroit

Director Nominees for additional 3-year term - Terms expiring August 31, 2021

  • Ronald C. Edmonds, The Dow Chemical Company, Midland
  • Lisa L. Howze, Davenport University, Warren
  • Stacie M. Kwaiser, Rehmann, Saginaw
  • Marc J. Lichtman, UHY, Inc., Farmington Hills
  • James N. Lopiccolo, Capocore Professional Advisors, Lake Orion

New Director Nominees - Terms expiring August 31, 2021

  • Mia S. Bennett, Whirlpool Corporation, Benton Harbor
  • Lisa A. Fisher, Daimler North America Corporation, Farmington Hills
Source: MICPA
Source: MICPA

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