Content by Jason Bramwell

on 05/22/14
A new IRS web-based payment system is off to a good start.More than 150,000 taxpayers have paid more than $340 million in taxes through the new IRS Direct Pay system, the IRS announced on Thursday....
on 05/22/14
Next month, the IRS will launch a one-year pilot program intended to help small businesses with retirement plans that owe penalties for unknowingly failing to file reporting documents.Small...
on 05/22/14
Hatch: Tax break deal not closeAccording to Senator Orrin Hatch (R-UT), a repeal of Obamacare’s medical device tax remains an obstacle to passing a measure to restore dozens of...
on 05/21/14
Early last month during a Senate Finance Committee hearing, IRS Commissioner John Koskinen hinted at the possibility of the agency implementing a short-term voluntary continuing education program for...
on 05/21/14
32-year streak at the Garden: No taxes paidMadison Square Garden, the home of the NBA’s New York Knicks and the NHL’s New York Rangers, has a sweet deal with New York...
on 05/20/14
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 advisory committee that...
on 05/20/14
A bill introduced by Senate 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...
on 05/20/14
Senate Democrats split on private debt collectors for IRSPatrick Temple-West of Reuters reported yesterday that a proposal to make the IRS hire private companies to collect...
on 05/19/14
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 American Institute of CPAs...
on 05/19/14
A proposal issued by the Governmental Accounting Standards Board (GASB) last week explains how fair value measurement should be defined for state and local government financial reporting.The exposure...
on 05/19/14
AstraZeneca rejects Pfizer’s take-it-or-leave-it offerBen Hirschler of Reuters reported that Britain’s AstraZeneca PLC on Monday rejected a sweetened and “...
on 05/16/14
2013 comment letters trends and analysis – issues breakdownAccording to data from Audit Analytics, the US Securities and Exchange Commission (SEC) issued 6,166 comment letters...
on 05/15/14
Citi fires 11 more in Mexico over fraudMichael Corkery and Elisabeth Malkin of the New York Times reported yesterday that Citgroup has fired an additional 11 employees,...
on 05/14/14
The IRS decided against continuing a court battle on whether it has the legal authority to mandate testing and continuing education for paid tax return preparers.The agency had until May 12 to file a...
on 05/14/14
A member alert issued on Monday by the Center for Audit Quality (CAQ) and the American Institute of CPAs (AICPA) outlines a handful of regulatory changes for audits and attestation engagements of...
on 05/14/14
As the volume of account reconciliations continues to surge, most corporate accounting and finance departments in the United States and Canada are still using a labor-intensive process to make sure...
on 05/14/14
Overseas-tax change may be best to fund highways, Foxx saysLaura Litvan of Bloomberg Businessweek reported yesterday that a one-time tax change related to US companies...
on 05/13/14
The Democrat-controlled Senate took its first step in reviving a plethora of expired tax breaks by advancing a bill on Tuesday that would extend the provisions for two years.However, the Senate...
on 05/13/14
The IRS made little progress in reducing improper Earned Income Tax Credit (EITC) payments last year, doling out an estimated $13.3 billion to $15.6 billion in error, according to a new report from...
on 05/13/14
Credit Suisse deal with US authorities could top $2 billion – sourcesKaren Freifeld and Aruna Viswanatha of Reuters reported yesterday that New York state's...

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