Recent court rulings that now prevent the IRS from regulating paid preparers have resulted in some suspended or disbarred tax practitioners being able to obtain or renew PTINs and prepare federal tax returns again for compensation.
The one-hour broadcast will provide an overview of the new accounting rule, as well as information on such topics as recognizing revenue over time, contract costs, disclosures, transition, and effective date.
Proposals would significantly improve financial reporting of other postemployment benefits, such as retiree health insurance, as well as establish requirements for pensions and pension plans that are outside the scope of the rules the GASB published in 2012.
The two standard-setting boards announced the release of the converged standard on the recognition of revenue from contracts with customers on Wednesday morning – the culmination of a joint project that has been in the works since 2008.
The menu for May 28 features specials on House Ways and Means Committee to consider six tax breaks on Thursday, why a carbon tax is needed, harnessing the US tax code to promote college affordability, and more.
In a letter to IRS Commissioner John Koskinen on Wednesday, AICPA officials wrote that the agency's proposed voluntary certification program would cause confusion among the tax administration and tax preparation community.
The menu for May 21 features specials on Madison Square Garden’s sweet property tax deal, inversion legislation misses real problem, Issa subpoenas DOJ on IRS probe, accountant injures a crocodile, and more.
A bipartisan bill introduced in the House of Representatives on Tuesday would bring more transparency and accountability to US government financial statements by making the Federal Accounting Standards Advisory Board more independent.
Legislation introduced by Democrats on Tuesday is aimed at curbing mergers that result in US companies paying less in taxes because their new legal tax residence is overseas – a tactic known as an “inversion.”
The menu for May 20 features more on Credit Suisse’s guilty plea, including the names of tax-dodging customers remain secret, statements from Credit Suisse CEO Brady Dougan and US Attorney General Eric Holder, and more.
To more closely align with its mission of “empowering CPAs and businesses for the digital age,” CPA2Biz, the business and technology services subsidiary of the AICPA, has been renamed CPA.com, effective immediately.
The menu for May 19 features specials on AstraZeneca says no to “final” Pfizer deal, Harry Reid wants control of Senate amendments, China cracks down on foreign auditors, AICPA hands out awards, and more.