Welcome
CPA-Resource.com is a free membership website, dedicated to providing your organization with the most current accounting information, CPA-Resource.com continues to develop new and innovative ways to deliver vital content. Our timely articles, searchable vendor directory, and informative accounting whitepapers will help you stay on top of industry news and information.
Our comprehensive list of accounting articles, teleconferences, and reference books will allow you to fulfill you continuing education needs, while meeting your training needs. As a leading provider of accounting information, CPA-Resource.com seeks to advance the careers of accounting professionals by providing the most essential and comprehensive content available. Join Now
Featured Accounting Article
Partnership Profits and Carried Interests: Will They Survive Congressional Scrutiny?The number of newly formed partnerships and limited liability companies has increased dramatically in recent years. This is evident with private equity funds, technology ventures, real estate developers, and others. The increase results, in part, from the expanded usage of variable equity interests, such as profits and carried interests, preferred returns, guaranteed payments, options, warrants, restricted equity grants, and various catch-up and waterfall allocation and distribution rights. Used properly, these variable equity interests allow investors and managers to structure ventures in a highly tax efficient manner.
Read More...
Featured Accounting Blogs
May 8, 2008 Stuart T. Freeland
Section 163(d) of the Internal Revenue Code of 1986 as amended limits the deduction of interest incurred to purchase property held for investment to an amount not to exceed the investment income of the taxpayer for the year in which the interest is paid. This provision can provide an unpleasant result in connection with the acquisition of the business of an S corporation by means of a stock purchase.
May 5, 2008 Doug H. Moy
The value of a decedent’s gross estate may be determined either as of the date of death or the alternate valuation date. It is important to understand that the date of death and the alternate valuation date determine when the decedent’s property is to be valued for federal estate tax purposes—not how it is to be valued. In general, IRC Section 2032 provides for the valuation of a decedent’s gross estate at a date other than the decedent’s date of death.
May 2, 2008 Eric W. Odum MIBS
Struggling. Sluggish. Damaged. A bust. These are just a few words to describe the real estate market these days. But, which real estate market? Aren't they all the same? Yes and no. While related, there is a difference between residential and commercial real estate. One can't disconnect them completely, but they can and do move in distinct and separate cycles.
April 30, 2008 Jacob Stein Esq.
In response to Sen. McCain's proposed tax plan an article in today's Washington Post (McCain's Plan for Working Class Offers Plenty for Corporate World) blasted the tax plan as pandering to corporations and businesses. The cry was picked up by several other publications as well. What is the proposed plan and does it amount to pandering?McCain's plan includes "a cut in the corporate income tax rate, from 35 percent to 25 percent, a proposal to allow businesses to write off the cost of new equipment and technology from their taxes, a ban on Internet and new cellphone taxes, and a permanent tax credit for research and development."