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The IRS wants nominations for its Information Reporting Program Advisory Committee, a federal advisory group that provides recommendations to the service on tax administration issues. Nominations are being accepted for up to seven appointments that begin in January. The deadline for applications is May 21. The committee reports to the IRS commissioner at a public […]
Recently, joint research from the Internal Revenue Service and the Urban-Brookings Institute highlighted the results of many IRS enforcement activities, including the impact of past years’ changes to IRS Collection policy. It is no secret that the IRS has been kinder and gentler to tax debtors during the past five years. The 2012 Fresh Start […]
Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of their endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, the University of Notre Dame and Cornell University are including endowment tax issues in their federal agenda, along with perennial topics such as […]
The Center for Audit Quality and the Audit Committee Collaboration have updated the External Auditor Assessment Tool, a resource that helps audit committees better evaluate audit firms. The tool provides a general framework to help audit committees in choosing, overseeing and compensating their outside auditors. The updates to the tool are related to upcoming changes […]
The trustees of the Financial Accounting Foundation are looking to fill three slots on the Private Company Council. The open positions on the council, which advises the Financial Accounting Standards Board on issues related to private companies, include spots for a CPA practitioner from a local, regional or national firm, a financial statement preparer, and […]
Finance executives see areas for improvement in their organizations, but don’t have the technology budget to match. Monthly reporting is the main area finance executives think could use process improvement, followed by budget and forecasting, a recent survey has revealed. Cash flow management was also an area of concern. However, investing in technology, which could […]
The International Public Sector Accounting Standards board is looking for input on public sector accounting for “heritage items” – assets that are meant to be preserved for their rarity, cultural value or other significance. The board has released a consultation paper, Financial Reporting for Heritage in the Public Sector, and is looking for comments. It […]
In the latest episode of a string of financial woes for Beverly Hills, 90210 alum Tori Spelling, the IRS has reportedly emptied her and her husband’s bank accounts of an unknown amount of money. It was in 2013 that Spelling first alluded to financial trouble in an interview with People magazine. She hadn’t bought a […]
The Oregon Society of Certified Public Accountants (OSCPA) and the OSCPA Educational Foundation announced this week the recipients of their 2017-18 academic scholarships. 45 top students were awarded with scholarships ranging from $1,000 to $3,000, for a total of $95,000 donated in all. Students were honored for both their academic performance and desire to earn […]
(Bloomberg) Undeterred by his last failure, President Donald Trump is pressing again to repeal and replace the Affordable Care Act. One big reason is that he believes getting rid of Obamacare would make it easier to finance the big tax cuts he’s promised. “We will save perhaps $900 billion,” Trump told Fox Business in an […]
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