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January 19, 2010 |
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ASCPA Tax Hotlines |
The 2010 Tax Hotlines want YOU!
It’s a simple formula: a room, a phone line and a CPA. Again this year, the Mobile, Montgomery and Birmingham Chapters will spring into action for Tax Hotlines in partnership with local TV stations.
Members will be at WBRC in Birmingham and at WSFA in Montgomery and at WKRG in Mobile on Tuesday, February 9. The phone banks will each be open for two hours following the local evening news, 5:00-7:00 pm.
The Hotlines offer a vital public service and are fun, too. Want to volunteer? Contact Diane Christy, dchristy@ascpa.org or 800.227.1711.
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AICPA Webcast - Furnishing XBRL Data to SEC |
SEC Requirements Take Effect June 2010
To help public companies prepare for a Securities and Exchange Commission requirement that takes effect in five months, the American Institute of Certified Public Accountants is hosting a Jan. 27 webcast on submitting financial statements in eXtensible Business Reporting Language (XBRL), an internet-based standard.
“XBRL – Preparing for Phase II and Detailed Tagging” is designed for chief financial officers, controllers, accounting and finance managers and CPAs working with clients who prepare financial statements.
Jeffrey Naumann, CPA, assistant director of the SEC Office of Interactive Disclosure, and Susan Yount, CPA, who joined the SEC in 2009, will offer guidance to large and medium-size public companies that must submit filings with data tags by June 15. Companies with market capitalization above $5 billion began filing in XBRL in 2009, but this year must submit financial statements with more detailed tagging of footnotes. Those with market capitalization above $700 million must make their initial submission in XBRL without detailed tagging of footnotes.
For full article and helpful links here
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White Paper on the Impact of Estate Tax Repeal |
The AICPA has released a white paper for an archived AICPA Webinar from
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Estate Tax Repeal for 2010 (or Nor?)
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What it Means for CPAs and Their Clients
Click here for full access to this white paper
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Financial Fitness Fair |
The ASCPA is a charter member of CAFEC and will be participating. Birmingham Young CPAs will man the “Ask the CPA” booth and field brief questions from attendees. We’ll also share copies of the Financial Fitness Calendar for 2010 and give away piggy banks as door prizes. We need volunteers to fill one or two-hour shifts.
If you are interested in volunteering, contact David Brown, President of the Birmingham Young CPAs, dbrown@bmss.com or 205.982.5589.
Saturday, January 30
9am - 1pm
United Way of Central Alabama
Auditorium
3600 8th Avenue South
Birmingham, AL 35222
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To Borrow or Not to Borrow |
People use debt to finance any number of purchases, and borrowing money for a worthwhile purchase is not always a bad idea. However, some buys are worth financing over time and others are not. The Alabama Society of CPAs explains how to make the right choice. <<Read More |
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BBJ Corporate Accountability Supplement |
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The Birmingham Business Journal is publishing its annual “Corporate Accountability” special section on January 29th. This supplement, part of the January 29th weekly issue of the Journal, was sponsored by the Birmingham Chapter for the last three years and will reach over 7000 readers in central Alabama.
The Journal is offering a special Alabama Society of CPAs banner page in this year’s section.
Pricing for a 3” X 5” ad is $712 and will include spot color. To reserve your space please contact Joel Welker at 205.443.5617. The deadline on this special offer is 1/22.
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2010 CPE Conferences |
Save the date for your favorite CPE events
Business & Industry Conference |
May 13 - 14 |
Women's Summit |
May 20 |
91st Annual Meeting |
June 10 |
Sandestin Conference |
July 25 - 29 |
Technology & Productivity Conference for Accountants |
August 26 - 27 |
Financial Accounting & Auditing Conference |
September 24 |
Annual Federal Tax Clinic |
November 18 - 19 |
Governmental Accounting & Auditing Forum |
December 1 - 2 |
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IRS Contact List |
IRS Contact List for Practitioners
Title |
Telephone Number |
Hours of Operation |
Practitioner Priority Service |
866-860-4259 |
M-F, 8 a.m. – 8 p.m., local time |
IRS Tax Help Line for Individuals |
800-829-1040 |
M-F, 7 a.m. – 10 p.m., local time |
Business and Specialty Tax Line |
800-829-4933 |
M-F, 7 a.m. – 10 p.m., local time |
e-Help Desk (IRS Electronic Products) |
866-255-0654 |
M-F, 6:30 a.m. – 6 p.m. CT (non-peak)
M-F, 6:30 a.m. – 10 p.m. CT
(peak: 1/15/2010 – 4/17/2010)
Saturdays 7:30 a.m. – 4 p.m. CT (peak) |
Refund Hotline |
800-829-1954 |
Automated Service available 24/7 |
Forms and Publications |
800-829-3676 |
M-F, 7 a.m. – 10 p.m., local time |
National Taxpayer Advocate’s Help Line |
877-777-4778 |
M-F, 7 a.m. – 10 p.m., local time |
Centralized Lien Payoff |
800-913-6050 |
M-F, 8 a.m. – 5 p.m., local time |
Centralized Bankruptcy |
800-913-9358 |
M-F, 7 a.m. – 10 p.m. ET |
Telephone Device for the Deaf (TDD) |
800-829-4059 |
M-F, 7 a.m. – 10 p.m., local time |
Electronic Federal Tax Payment System
(EFTPS) – for Businesses |
800-555-4477 |
Automated Service and Live Assistance available 24/7 |
Electronic Federal Tax Payment System
(EFTPS) – for Individuals |
800-316-6541 |
Automated Service and Live Assistance available 24/7 |
Government Entities (TEGE) Help Line |
877-829-5500 |
M-F, 7 a.m. – 5:30 p.m. CT |
Forms 706 and 709 Help Line |
866-699-4083 |
M-F, 7 a.m. – 7 p.m., local time |
Automated Collection System (ACS) (Business) |
800-829-3903 |
M-F, 8 a.m. – 8 p.m., local time |
Automated Collection System (ACS) (Individual) |
800-829-7650 |
M-F, 8 a.m. – 8 p.m., local time |
Tax Fraud Referral Hotline |
800-829-0433 |
Automated Service available 24/7 |
Employer Identification Number (EIN) |
800-829-4933 |
M-F, 7 a.m. – 10 p.m., local time |
Excise Tax and Form 2290 Help Line |
866-699-4096 |
M-F, 8 a.m. – 6 p.m. ET |
Identity Protection Specialized Unit (previously unresolved contacts with IRS) |
800-908-4490 |
M-F, 8 a.m. – 8 p.m., local time |
Information Return Reporting |
866-455-7438 |
M-F, 8:30 a.m. – 4:30 p.m. ET |
ITIN Program Office (Form W-7 and Acceptance Agent Program – Form 13551) |
404-338-8963 |
Message Line: 24/7 hour operation |
IRS Federally Declared Disaster or Combat Zone Inquiries Hotline |
866-562-5227 |
M-F, 7 a.m. – 10 p.m., local time |
IRS Key Messages for Tax Professionals: Use these messages in your publications and educational products for tax practitioners. Updated quarterly.
Tax Hints : Find information on changes in tax law, IRS regulations and tax policy administration, information on IRS structure, points of contact, phone numbers, and mailing addresses.
IRS e-News for Tax Professionals: Subscribe to the IRS e-newsletter for tax pros, a weekly e-mail with news briefs and links to important information on IRS.gov/. Issued weekly.
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Chapter News |
Upcoming chapter events...
Birmingham Young CPAs Chapter Meeting
**All Birmingham Chapter Members are invited to attend |
January 21 |
Northeast Chapter Meeting |
January 21 |
North Chapter Meeting |
January 28 |
Huntsville Chapter Meeting |
January 28 |
Wheeler Basin Chapter Meeting |
February 3 |
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About the ASCPA
The Alabama Society of Certified Public Accountants [ASCPA] is the statewide, professional membership organization representing over 6,500 Alabama CPAs in public practice, industry, government and education. Eleven chapters, various committees and task force groups made up of CPA volunteers develop programs and address issues to help all members be successful professionals. Visit www.ascpa.org
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© 2009 Alabama Society of CPAs | PO Box 242987 | Montgomery, AL 36124 |
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