The IRS issued proposed regulations providing that Sec. 956, which requires an income inclusion by U.S. shareholders of controlled foreign corporations (CFCs) that invest in U.S. property, should not apply to corporate shareholders.
Source: Tax News
Read More here – Proposed rules would exempt corporate US shareholders from Sec. 956
The IRS issued proposed regulations providing that Sec. 956, which requires an income inclusion by U.S. shareholders of controlled foreign corporations (CFCs) that invest in U.S. property, should not apply to corporate shareholders.
Source: JOA News
Read More here – Proposed rules would exempt corporate US shareholders from Sec. 956
FASB expanded an accounting alternative for private companies and changed the rules for all entities for deciding whether a decision-making fee is a variable interest.
Source: JOA News
Read More here – FASB expands private company consolidation relief
The IASB revised its definition of “material” in an effort to make it easier for companies to decide which information is important enough to include in their financial statements.
Source: JOA News
Read More here – IASB clarifies definition of ‘material’
The AICPA Financial Reporting Executive Committee (FinREC) issued a working draft of an accounting issue related to the implementation of FASB’s new standard on accounting for credit losses.
Source: JOA News
Read More here – FinREC issues working draft on credit loss issue
FASB expanded the list of benchmark interest rates that are permissible in the application of hedge accounting.
Source: JOA News
Read More here – FASB permits new benchmark rate for hedge accounting
The Treasury, Labor, and Health and Human Services departments proposed rules for health reimbursement arrangements, which can be used in coordination with individual health insurance if certain requirements are met.
Source: Tax News
Read More here – Health reimbursement arrangement rules are issued in proposed form
The Treasury, Labor, and Health and Human Services departments proposed rules for health reimbursement arrangements, which can be used in coordination with individual health insurance if certain requirements are met.
Source: JOA News
Read More here – Health reimbursement arrangement rules are issued in proposed form
The AICPA’s Personal Financial Satisfaction Index (PFSi) reached the highest point in its 25-year history at a value of 32 in the third quarter of 2018, a 3.1-point (10.7%) increase from the previous quarter.
Source: JOA News
Read More here – Financial satisfaction measure hits record for 5th straight quarter
See how much you know about recent news or catch up with the latest by taking this short quiz.
Source: JOA News
Read More here – News quiz: Business fraud warning and TCJA ripples
