25% Member Savings Extended on Master Tax Guide
Do you purchase the U.S. Master Tax Guide? You can still use your MACPA member discount to make your purchase and save 25% off the 2012 Guide through February 24. The MACPA discount also applies to quantity discount pricing. You must be logged in to access the discount link to the CCH store from this webpage.
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U.S. GAAP Financial Reporting Taxonomy Now Available
The Financial Accounting Standards Board (FASB) announced the availability of the 2012 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission (SEC). The FASB is responsible for the ongoing development and maintenance of the taxonomy applicable to public issuers registered with the SEC. The 2012 Taxonomy contains updates for accounting standards and other improvements to the 2011 taxonomy currently used by SEC issuers. The FASB issued proposed improvements to the taxonomy in the fall, allowing users of the taxonomy to provide feedback on the updates and to provide SEC filers, service providers, software vendors, and other interested parties the opportunity to become familiar with and incorporate new element names for their filings. The U.S. GAAP 2012 taxonomy is available here.
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IRS to Host Second Real-Time Tax System Meeting
IRS will host the second in a series of public meetings Wednesday, Jan. 25 to gather feedback on how to implement long-term changes to the tax system to reduce burden for taxpayers. IRS Commissioner Doug Shulman has outlined a vision that would move the agency away from the traditional “look back” model of compliance, and instead perform substantially more “real time,” or upfront matching of tax returns when they are first filed with the IRS. The goal of this initiative, called the Real-Time Tax System, is to improve the tax filing process by reducing burden for taxpayers and increasing overall compliance. Under such a system, the IRS could match information submitted on a tax return with third-party information at the beginning of return processing and provide the opportunity for taxpayers to fix the tax return if it contains data that does not match IRS records. At this public meeting in Washington, D.C., IRS officials will solicit feedback and input from outside stakeholders, including representatives of large and small businesses, financial institutions, software providers and state revenue commissions. The IRS heard from tax professionals at its first meeting in December. Read more.
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Voter Registration Deadline Nears for February Presidential Primary
Secretary of State Ruth Johnson reminds Michigan residents that they have until Monday, Jan. 30 to register in order to vote in the Feb. 28 presidential primary election. Read more.
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CPE By City

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Stay Warm & Keep Informed with Upcoming Webinars
	What: Tax Practice Ethics: Circular 230 Tips for Today's Practitioner When & Where: Thursday, January 26, 2012 - Online (10:00am - 12:00pm) Recommended CPE Credit: 2 Ethics hours What: Critical Performance Measures: Useful Tools for Gauging Success (Replay) When & Where: Thursday, January 26, 2012 - Online (1:00pm - 3:00pm) Recommended CPE Credit: 2 Other hours What: Managing Electronically Stored Information Securely (Replay) When & Where: Friday, February 17, 2012 - Online (2:30pm - 6:30pm) Recommended CPE Credit: 4 Other hours
From MBT to CIT - Michigan Tax Update from Doug Van Der Aa
	What: Michigan Tax Update: The New Business & Individual Income Tax Reform When & Where: Friday, February 3, 2012 - Southfield Recommended CPE Credit: 8 Other hours
Time is Running Out! Mega Conference for Industry is Around the Corner
	What: Winter CPE Mega Conference for Industry When & Where: Thursday, February 16, 2012 - Troy Recommended CPE Credit: 9 hours with optional Early Bird Ethics session (includes Accounting & Auditing and Ethics)
Have an Underfunded Defined Benefit Plan? Join Us to Find the Solution!
	What: The Underfunded Defined Benefit Plans Workshop When & Where: Thursday, March 1, 2012 - Livonia Recommended CPE Credit: 1 Accounting & Auditing & 3 Other hours
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