Democrats’ Disclosure, Governance Priorities Thwarted in Coronavirus Relief Package,
By Bill Flook House Financial Services Committee Chair Maxine Waters on March 27, 2020, called for a fourth COVID-19 relief …
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FASB’s Schroeder: Credit Loss Rules Not Trying to Drive a Particular Outcome
By Denise Lugo A day after U.S. legislators moved on an economic stimulus package that includes a provision that enables …
AICPA-Led Coalition Expands Support for Small Business Funding
More than a dozen new members have joined an American Institute of CPAs-led group advocating the use of payroll processors …
IRS Suspends Certain Compliance Programs Due to COVID-19
In an Information Release, the IRS has announced that beginning April 1, it will provide relief to taxpayers that ranges …
House COVID-19 Package Would Expand Disclosures
By Bill Flook The legislative stimulus package rolled out on March 23, 2020, by the House Financial Services Committee in …
IRS Issues 2020 Cumulative Amendment List for Qualified Retirement Plans
In a Notice, IRS has issued the 2020 Cumulative Amendment (CA) list for individually designed retirement plans. The CA list …
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IRS issues guidance on making and revoking bonus depreciation elections
Rev Proc 2019-33, 2019-34 IRB; IR 2019-135 The IRS has issued guidance allowing a taxpayer to make or revoke certain bonus …
Thomson Reuters Checkpoint Edge Honored with a Tax & Accounting Technology Innovation Award
July 23, 2019 – Thomson Reuters Checkpoint Edge was named winner of a CPA Practice Advisor Tax & Accounting Technology …
IRS Updates Energy Credit Form, Instructions to Reflect Extender Legislation
The IRS has updated Form 8835, Renewable Electricity, Refined Coal, and Indian Coal Production Credit, and its instructions to reflect …