News

Pennsylvania Offers 2017 Tax Amnesty Program
 

Pennsylvania Offers 2017 Tax Amnesty Program

Posted: January 19, 2017
From April 21 through June 19, the Pennsylvania Department of Revenue will offer tax amnesty to taxpayers who owe past-due taxes. During this 60-day period, all penalties and half of the interest owed by those who apply and pay delinquent taxes will be waived.



National Taxpayer Advocate Delivers Annual Report to Congress
 

National Taxpayer Advocate Delivers Annual Report to Congress

Posted: January 11, 2017
National Taxpayer Advocate Nina E. Olson recommends that the IRS revamp its “Future State” plan to adopt a taxpayer-centric focus and urges Congress to emphasize simplification when it considers tax reform later this year.


FASB Issues Guidance Clarifying the Definition of a Business
 

FASB Issues Guidance Clarifying the Definition of a Business

Posted: January 6, 2017
The Financial Accounting Standards Board has issued an Accounting Standards Update that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have acquired or sold a business.