News

IRS Makes Approved Form 1023-EZ Data Available Online
 

IRS Makes Approved Form 1023-EZ Data Available Online

Posted: February 23, 2017
Publicly available information from approved applications for tax exemption using Form 1023-EZ, Streamlined Application for Recognition of Exemption, is now available electronically for the first time.

IRS "Dirty Dozen" Tax Scams for 2017
 

IRS "Dirty Dozen" Tax Scams for 2017

Posted: February 17, 2017
The annual "Dirty Dozen" list of tax scams highlights various schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season.


Unverified e-Services Accounts Now Suspended
 

Unverified e-Services Accounts Now Suspended

Posted: February 6, 2017
As of Sunday, February 5, the e-Services accounts for users who failed to verify their identities with the IRS have had their accounts suspended.


IRS Releases Updated Form 990-EZ
 

IRS Releases Updated Form 990-EZ

Posted: January 31, 2017
The IRS has announced the release of an updated Form 990-EZ, Short Form Return of Organization Exempt From Income Tax, that will help tax-exempt organizations avoid common mistakes when filing their annual return.

FASB Simplifies Test for Goodwill Impairment
 

FASB Simplifies Test for Goodwill Impairment

Posted: January 27, 2017
The Financial Accounting Standards Board has issued Accounting Standards Update 2017-04 — Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.

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.