Monthly Archives: November 2021

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IRS official: New R&D credit documentation applies to amended returns

The deputy commissioner of the IRS Large Business and International Division hears AICPA tax committee’s feedback on new requirements.
Source: Tax News
Read More here – IRS official: New R&D credit documentation applies to amended returns


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IRS official: New R&D credit documentation applies to amended returns

The deputy commissioner of the IRS Large Business and International Division hears AICPA tax committee’s feedback on new requirements.
Source: JOA News
Read More here – IRS official: New R&D credit documentation applies to amended returns


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Automatic extension for furnishing health coverage statements proposed

Proposed regulations would permanently allow an automatic extension for furnishing health care Forms 1095-B and 1095-C and would also specify that Medicaid services to test for and diagnose COVID-19 are not “minimum essential coverage.”
Source: Tax News
Read More here – Automatic extension for furnishing health coverage statements proposed


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Automatic extension for furnishing health coverage statements proposed

Proposed regulations would permanently allow an automatic extension for furnishing health care Forms 1095-B and 1095-C and would also specify that Medicaid services to test for and diagnose COVID-19 are not “minimum essential coverage.”
Source: JOA News
Read More here – Automatic extension for furnishing health coverage statements proposed


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FASB reconsiders accounting for troubled debt restructuring by creditors

FASB’s accounting guidance for troubled debt restructuring by creditors would be eliminated for organizations that have adopted its credit losses standard, under a proposal the board issued Tuesday.
Source: JOA News
Read More here – FASB reconsiders accounting for troubled debt restructuring by creditors


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6 lessons from audit experts who adopted AI early

Machine learning is within reach for many audit firms.
Source: JOA News
Read More here – 6 lessons from audit experts who adopted AI early


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SBA clarifies COVID-19 EIDL application deadlines

The US SBA provided updated guidance Friday on various COVID-19 Economic Injury Disaster Loan program application deadlines.
Source: JOA News
Read More here – SBA clarifies COVID-19 EIDL application deadlines


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AICPA, NASBA publish revised CPA Evolution Model Curriculum

In response to feedback, the AICPA and the National Association of State Boards of Accountancy on Friday updated the curriculum resource that was launched in June to help faculty align their programs with the new Core + Disciplines licensure model created by the CPA Evolution initiative.
Source: JOA News
Read More here – AICPA, NASBA publish revised CPA Evolution Model Curriculum


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Tax provisions in the Build Back Better act

The Build Back Better Act contains a large number of tax provisions, ranging from an extension of the advance child tax credit, to a wide variety of green energy tax incentives, and a minimum tax on corporations.
Source: Tax News
Read More here – Tax provisions in the Build Back Better act


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Tax provisions in the Build Back Better act

The Build Back Better Act contains a large number of tax provisions, ranging from an extension of the advance child tax credit, to a wide variety of green energy tax incentives, and a minimum tax on corporations.
Source: JOA News
Read More here – Tax provisions in the Build Back Better act