FTX Collapse: Expect Loss Deductions, But Not Soon
This article is a collaboration with Ledgible. Taxpayers anticipating investment loss deductions from a crypto giant’s bankruptcy will need to …
Debtor Awarded Damages for IRS Violation of Discharge Order
McAuliffe, (Bktcy Ct WV, 05/26/2022) 129 AFTR 2d ¶2022-687 A U.S. Bankruptcy Court in West Virginia awarded damages to a debtor …
Not Always Necessary to Buy Software to Adopt Lease Accounting Rules, FASB Panel Signals
Not all companies need lease accounting software or vendor assistance to adopt the lease accounting standard because straightforward contracts can …
Healthcare Company Debt Presentation Rules in for Change Under New Revenue Rules
As the clock ticks toward public companies’ 2018 compliance date with the FASB’s sweeping new revenue rules, the board is …