I.R.S. Chief Out After Protest Over Scrutiny of Groups
WASHINGTON — President Obama announced Wednesday night that the acting commissioner of the Internal Revenue Service had been ousted after disclosures that the agency gave special scrutiny to conservative groups. Read More:
Senate Passes Bill to Widen Tax Collection on the Web
WASHINGTON — A bipartisan coalition in the Senate easily passed legislation on Monday to force Internet retailers to collect sales taxes for state and local governments, sending the issue to the House, where antitax forces have vowed to kill it. Read More:
Final rules require EIN updates
On Friday, the IRS issued final regulations requiring taxpayers that obtain employer identification numbers (EINs) to update their information with the IRS (T.D. 9617). Read More:

Basis reporting for debt instruments and options is phased-in
In final regulations implementing the basis reporting requirements under Sec. 6045(g) that apply to debt instruments and options, the IRS, in response to comments about the complexity of complying with these rules, is implementing the reporting requirements for debt instruments and transfer reporting in phases, to give brokers ample time to develop and implement reporting systems (T.D. 9616). Read More:
For Small Businesses, Tax Law Has Become a Moving Target
TAX planning can be difficult for a small business, all the more so when a lot of the work is left until the last minute — not by the owners or their accountants, but by Congress. Read More:
Significant decline in IRS staff leads to fewer audits
The Transactional Records Access Clearinghouse (TRAC), reports that the IRS plans to expend 18% fewer staff hours auditing large businesses with assets of more than $10 million in fiscal year 2013 (which ends Sept. 30) than it did in FY 2011. Read More:
Microsoft Office 2013
An essential tool for many CPAs is a dependable computer running Microsoft Office. Accordingly, CPAs have more than a passing interest when Microsoft releases new editions every three years or so. This year should be no exception. Read More:
Incorrect expert advice about estate return filing deadline does not excuse penalty
An executor of an estate who relied on his accountant's mistaken advice that he had obtained a one-year extension of the filing due date for Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, was nonetheless liable for a large late-filing penalty...Read On:
Members Memo on articles
May 2013
Be sure and log in to your Members Only Section (top-left column) to see the articles on: House Bills and Legislator Updates by Gallagher Consultants, Inc., IRS Updates by Catherine Murphy, CPA (IRS Stakeholder Liaison), Federal Tax Weekly by CCH Group, blog articles by Paul Neiffer from Farm CPA Today
St. Louis Chapter Meeting Notice
The next St. Louis Chapter meeting will be
May 20, 2013
Kansas City Chapter Meeting Notice
The next Kansas City Chapter Meeting scheduled for
Thursday, July 18, 2013
Note: No June meeting due to convention
Heart of the Ozarks Chapter
The next Heart of the Ozarks Chapter meeting will be
Thursday, July 18, 2013
Note: No June meeting due to convention
Member Login
~Members Memo~
Have you logged in to your "Members" section yet? If not, you're missing out on important articles and messages specific to you. You're also missing out on links to valuable resources, only available to MSA members. This is also where you'll find notices and extended details about your Chapter meetings. Why not log in today? If you have experienced trouble logging in, let us know...we can help you.

Upcoming Events
Annual Convention
6/20/2013 thru 6/22/2013
Bob Jennings Summer Seminar
8/15/13 thru 8/16/13
Annual Accounting Seminar
9/30/2013 thru 10/01/2013
Bob Jennings 1040 Seminar
St. Louis, MO
11/21/2013 thru 11/22/2013
Bob Jennings 1040 Tax Seminar
Branson, MO
12/12/2013 thru 12/13/2013
Bob Jennings 1040 Tax Seminar
Kansas City, MO
12/12/2013 thru 12/13/2013
















