The frequently asked questions (FAQ) were developed in connection with the version of the Statements on Standards for Tax Services (SSTS) that became effective Jan. 1, 2010.
On May 18, 2023, the AICPA’s Tax Executive Committee approved revisions to the SSTSs effective Jan. 1, 2024. Much of the content from the existing SSTS were incorporated into the revised SSTS, which were reorganized to reflect a practice-based structure, ordered by type of tax work performed.
These FAQ have been updated to reflect the reorganization of the SSTS as reflected in the revised standards. As part of the reorganization, the subject of tax positions was addressed in both SSTS No. 1 and No. 2 and the revisions to this FAQ, reflect where specific information is located in the revised standards. No other material changes were made to the existing guidance that follows.
The AICPA’s Statements on Standards for Tax Services (SSTS) are enforceable tax practice standards for members of the AICPA. Additional guidance is also found in the corresponding interpretations and frequently asked questions (FAQs). Access to the complete set of SSTS and guidance are available in the AICPA Statements on Standards for Tax Services library.