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For details or to register for either of these courses, go to the CPE Catalog and enter the course number.
The 2004 Continuing Education (CPE) Course Guide will be mailed in April. All GSCPA members will automatically receive a copy unless you have requested to only use the online copy. All other CPE attendees (non-members) who took at least 8 hours in 2003 will also receive a copy. The catalog will be available online in late March. Look for the link in the March 26 version of E-Sources. If you would like to receive a copy and do not meet the above criteria please email your name and address to sledbetter@gscpa.org. |
Tax Info :
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IRS Updates the 'Dirty Dozen' for 2004
- In an update of an annual consumer alert, the IRS urged taxpayers to avoid falling victim to one of the "Dirty Dozen" tax scams and a variety of other schemes. In the new 2004 ranking, several new scams have reached the top of the consumer watch list, including abusive trusts and the "claim of right" doctrine.
Interest Rates Increase for the Second Quarter of 2004 - The IRS announced that interest rates will rise by one percentage point for the calendar quarter beginning April 1, 2004. The interest rates are as follows: five (5) percent for overpayments [four (4) percent in the case of a corporation]; five (5) percent for underpayments; seven (7) percent for large corporate underpayments; and two and one-half (2.5) percent for the portion of a corporate overpayment exceeding $10,000.
IRS Issues Guidance on Recoverable Reserves
- The IRS issued new guidance on the computation of total recoverable units for purposes of computing cost depletion under Section 611 of the Internal Revenue Code. This guidance was developed under the Industry Issue Resolution
program (IIR).
Keep current on tax issues by joining the GSCPA Taxation Section.
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SEC Extends Sarbanes-Oxley Section 404 Compliance Dates
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The SEC has extended the compliance dates for amendments to its rules under the Securities Exchange Act of 1934 that were adopted on June 5, 2003, pursuant to Section 404 of the Sarbanes-Oxley Act. The amendments require a company to include in annual reports a report by management on the company's internal control over financial reporting and the accompanying auditor's report. |
| Technology Update: | |
"With Computers, Shop Carefully and by Need"
New York Times (02/24/04); p. E2; John Schwartz - Small businesses do not have many options when it comes to computing, lacking the resources to hire IT staff or outsource operations, yet more are taking advantage of the economic turnaround, increasingly powerful equipment, and tax breaks to invest in technology again. This update is sponsored by Information, Inc.
Keep current on IT issues and developments by joining the GSCPA Information Technology Section.
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Candidates May Register for Computerized
CPA Exam:
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Candidates preparing to sit for the computerized Uniform CPA Exam can begin scheduling appointments online with Prometric, via telephone at 800-580-9648, or on-site at a test center. To reserve a seat, candidates must have applied to a state board of accountancy or a designated agent and received a "notice to schedule" (NTS). The exam, which officially launches on April 5, will be delivered at over 300 test centers in the U.S., District of Columbia, Guam, U.S. Virgin Islands, and Puerto Rico.
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March 12, 2004
