SEC Will Not Extend Extra Time Granted to File Financial Reports
By Soyoung Ho The SEC said it will not extend the additional time given to public companies to file various …
Thomson Reuters Tax & Accounting
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IRS Provides Relief and Clarifies 401(K), 401(M) Mid-Year Amendments Requirements
In a Notice, the IRS has provided temporary relief, in connection with the ongoing COVID-19 pandemic, from certain requirements that …
House Democrats Pelt SEC Chairman Clayton with Questions Over U.S. Attorney Job
By Bill Flook House Democrats on June 25, 2020, launched a barrage of questions at SEC Chairman Jay Clayton over …
FASB’s Main Advisors Caution Board Against Developing Major New Accounting Changes This Year
By Denise Lugo Senior executives from the FASB’s main advisory council cautioned the board against issuing major new accounting changes …
Interest on Individual Refunds to run from April 15
On its website, the IRS says overpayment interest, on individual 2019 refunds with respect to returns filed by July 15, …
Trump’s Nomination of SEC Chairman Clayton For US Attorney Raises Many Questions With Few Answers
By Soyoung Ho With the abrupt ouster of U.S. Attorney for the Southern District of New York (SDNY) Geoffrey Berman, …
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IRS reminds individuals with expiring ITINs to renew them ASAP
Taxpayers with expiring ITINs should renew them now The IRS has issued a Tax Tip reminding individuals with expiring Individual …
Temporary Relief from Physical Rule for Retirement Plan Participant Elections
The IRS has provided participants, beneficiaries, and administrators of qualified retirement plans and other tax-favored retirement arrangements with temporary relief …
IRS Finalizes Corporation Related Party Debt Regs
IRS has finalized, without substantive change, 2016 proposed regs that treat certain indebtedness as stock that is issued by a corporation …