AICPA Requests Guidance for Itemized Deductions and Trump Accounts
The letter focuses on Section 70111, which modifies the Section 68 limitation on itemized deductions and provides comments on Notice ... Read More
IRS Gives Taxpayers a More Streamlined Way to Report Tax Fraud and Scams
A new web page on IRS.gov consolidates multiple IRS fraud-reporting options into a single, centralized location, making it easier for ... Read More
GASB Seeks Comments on Updated Guidance for Financial Reporting Model Improvements
The Governmental Accounting Standards Board’s proposed Implementation Guide features Q&As on the requirements related to subsidies in Statement No. 103, Financial ... Read More
Why Your Exporter Clients Need to Hear About IC-DISC Right Now
For CPAs and advisors, the Interest-Charge Domestic International Sales Corporation represents both a high-value client service and a practical tax ... Read More