CPA Never under estimate the value
Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.
Source: Tax News
Read More here – Regs. proposed for present value of estate deductions
Administrative expenses and claims against estates allowable under Sec. 2053 beyond a three-year grace period would be discounted for current deduction, under proposed rules issued by the IRS.
Source: JOA News
Read More here – Regs. proposed for present value of estate deductions
The AICPA has published a set of questions and answers that explains recently released SEC staff guidance regarding the accounting for entities that have obligations to safeguard cryptoassets held for their platform users.
Source: JOA News
Read More here – AICPA publishes Q&A to explain SEC guidance on cryptoassets
Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.
Source: Tax News
Read More here – IRS extends e-filing to more 1040-series amended returns
Nonresident alien amended returns and those for Puerto Rico residents are added; superseding returns can be designated.
Source: JOA News
Read More here – IRS extends e-filing to more 1040-series amended returns
New interpretations of noncompliance with laws and regulations (NOCLAR) coincide with an ASB standard regarding prospective auditors’ NOCLAR responsibilities.
Source: JOA News
Read More here – PEEC and ASB issue new requirements for CPAs regarding NOCLAR
In her Objectives Report to Congress for fiscal 2023, National Taxpayer Advocate Erin Collins describes steps the IRS can take to improve its return and correspondence processing and telephone service to taxpayers.
Source: Tax News
Read More here – National Taxpayer Advocate report targets IRS service
In her Objectives Report to Congress for fiscal 2023, National Taxpayer Advocate Erin Collins describes steps the IRS can take to improve its return and correspondence processing and telephone service to taxpayers.
Source: JOA News
Read More here – National Taxpayer Advocate report targets IRS service
The PCAOB adopts amendments to its auditing standards to strengthen requirements that apply to audits involving multiple firms.
Source: JOA News
Read More here – PCAOB amends auditing standards to strengthen requirements
By agreeing to hear a Romanian-born businessman’s appeal, the Supreme Court will address a circuit split over how to stack maximum penalties for multiple nonwillful civil violations for failure to file the FBAR.
Source: Tax News
Read More here – Supreme Court to resolve FBAR penalty dispute
