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March 2022

12 | 5 pandemic lessons and how What’s new for 2022 in federal taxes
to apply them to your career National taxpayer advocate details
CPAs share the lessons they learned 2021 as ‘most challenging year’
during the COVID-19 pandemic ever
and give advice on how accounting AICPA joins coalition seeking relief
professionals can build on these from IRS service challenges
lessons in years to come. Updated FAQs address 2021 child tax
credit and advance payments
16 | What’s your fraud IQ? FAQs address calculation and
Test your knowledge of fraud risk reconciliation of recovery rebate
management, fraud investigations, credit
contract and procurement fraud, New R&D credit documentation
and other topics with this roundup requirements clarified
of the best questions from previous
JofA Fraud IQ quizzes. 32 | Technology Q&A
This month’s column shows how
22 | How married couples can use to create a drop-down list in Excel,
trusts in estate planning make better use of Zoom, and
Married taxpayers have estate plan- combine formulas and text in the
ning options others don’t, including same cells in Excel.
the ability to use certain types of
trusts. 39 | The Last Word
The hybrid work-
COLUMNS ing environment
has improved
4 | Professional Liability productivity but
Spotlight requires leaders
Tread carefully when using to focus more on
noncompete agreements building organi-
This month’s TOP STORIES Noncompete agreements should be zational culture
reasonable in scope and narrowly and collaboration,
6 | The legacy of the drafted to protect a legitimate busi- according to
Paycheck Protection ness need. Steven Harris,
CPA, CGMA.
Program 28 | Tax Matters
Don’t try this at home
CPAs look back on that tumultuous IRS diagnoses a defect in Mayo
time and share ways firms can further Clinic This symbol identifies articles in the
demonstrate their value to clients. Paradise postponed CPE Direct self-study program.

ON THE COVER AND ABOVE: IMAGE BY ANA BARAULIA/ISTOCK; RIGHT: PHOTO BY WHITNEY CURTIS/AP IMAGES AICPA: Where to turn AICPA Technical Hotline Coronavirus tax resources

Member Service Center
1-888-777-7077
Visit aicpa.org/topic/tax/covid-19-tax
1-877-242-7212
Or chat with us at www.aicpa.org
9 a.m.–8 p.m. ET, Monday–Friday
to stay current on pandemic-related
us.aicpa.org/research/technicalhotline.html
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the changes to your clients with
The hotline is available for questions about
9 a.m.–8 p.m. ET, Monday–Thursday
and 9 a.m.–6 p.m. ET, Friday
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available.
March 2022 | 3
journalofaccountancy.com A&A implications of the pandemic. A live AICPA Tax Section. A chat feature is