The IRS will permit taxpayers to change their bonus depreciation treatment for property acquired after Sept. 27, 2017, and placed in service during a tax year that includes Sept. 28, 2017.
Source: Tax News
Read More here – Taxpayers may revoke or make late bonus depreciation elections
The IRS will permit taxpayers to change their bonus depreciation treatment for property acquired after Sept. 27, 2017, and placed in service during a tax year that includes Sept. 28, 2017.
Source: JOA News
Read More here – Taxpayers may revoke or make late bonus depreciation elections
FASB addressed one of the most challenging areas of financial reporting with a proposal intended to help distinguish liabilities from equity.
Source: JOA News
Read More here – FASB tackles difficult liabilities and equity topic
FASB issued a proposal that would clarify the interaction between its standard on recognition and measurement of financial instruments and its standard on equity method investments.
Source: JOA News
Read More here – FASB proposes clarifying interaction between 2 standards
The IRS is permitting certain partnerships that timely filed their tax returns for the 2018 tax year an extension of time to file superseding returns and Schedules K-1 for their partners.
Source: Tax News
Read More here – IRS permits certain partnerships to file superseding partnership returns
The IRS is permitting certain partnerships that timely filed their tax returns for the 2018 tax year an extension of time to file superseding returns and Schedules K-1 for their partners.
Source: JOA News
Read More here – IRS permits certain partnerships to file superseding partnership returns
The IRS has begun sending what it calls “educational letters” to taxpayers it has identified as not reporting virtual currency transactions or reporting them incorrectly.
Source: Tax News
Read More here – IRS alerts virtual currency owners of nonfiling consequences
The IRS has begun sending what it calls “educational letters” to taxpayers it has identified as not reporting virtual currency transactions or reporting them incorrectly.
Source: JOA News
Read More here – IRS alerts virtual currency owners of nonfiling consequences
It’s critical for auditors to understand their responsibilities related to internal controls. Take this quiz to see how much you know about this topic.
Source: JOA News
Read More here – Quiz: How well do you know internal control auditing requirements?
Stock market growth, among other factors, has kept Americans’ personal financial satisfaction positive in Q2 of 2019, according to the AICPA’s Personal Financial Satisfaction Index (PFSi).
Source: JOA News
Read More here – Stock market surge boosts financial satisfaction
