The legislation, which was supported by the AICPA, was passed in the Senate earlier this month and in the House yesterday. The bill will make federal government spending data publicly available online.
The agency estimated last week that approximately 5 million taxpayers will amend their federal income tax returns by filing Form 1040X this year. Those who need to amend their returns should do so only after filing the original return.
The IRS strongly encouraged taxpayers to file their 2013 federal income tax return electronically versus mailing a paper return to the agency. So far, 88 percent of the returns the IRS received this tax season were e-filed.
The ex-KPMG senior audit partner was sentenced on Thursday for providing inside information about several of his firm’s clients to a friend, who used it to make at least $1.6 million in illicit profits.
The FASB had hoped to issue a final standard on revenue recognition during the first quarter of 2014. However, the board confirmed today that the timetable for releasing the standard has been pushed back slightly.
The menu for April 22 features specials on the IRS denying group’s tax-exempt status, what the airline industry and the IRS have in common (and it’s not good), if sales taxes will doom Amazon, and more.
CFOs reported that vacant staff-level accounting or finance jobs take an average of four weeks to fill, while open management-level positions take five weeks on average to fill, according to a new Robert Half poll.
The menu for April 17 features specials on a pitch for valued added tax, IRS chief reiterating rewrite of 501(c)(4) guidelines, Starbucks moving European headquarters to London to pay more tax, and more.