News


IRS Interest Rates Remain the Same
 

IRS Interest Rates Remain the Same

Posted: March 7, 2017
The IRS has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2017.


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.



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.

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.