Journal of Accountancy

A new system for recognizing revenue

Learn how FASB and the IASB's revised exposure draft would streamline accounting for revenue across industries.

The basics of S corporation stock basis

Annual income, distributions and loans can all affect an S corporation shareholder’s basis, and piecing together several years of S corporation stock basis information can be a tedious task.

Bridging compensation gaps in a merger

CPA firms looking to merge must clear many hurdles. One of the trickiest can be reconciling differences in pay and benefits packages between merging firms.

Tax relief and health care acts shape 2011 returns

Keep on top of this tax filing season’s changes in tax law and practice and procedure. Plus: A downloadable "Tax filing season quick guide—Tax year 2011."

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News

FASB tackles impairment testing of indefinite-lived intangible assets in proposal

Revision of CPE standards completed

New Form 990 has a few significant changes for 2011

IASB’s Hoogervorst predicts SEC will adopt IFRS

IRS: Tax preparers who want to prepare 2011 returns must renew PTINs

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CHECKLIST

Home office deduction

With many people working out of their homes, now may be a good time to review the criteria for claiming a deduction for the business use of part of a person’s residence.

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Q&A

COSO Chair says updated framework is a ‘refresh’

David Landsittel says that COSO's updated internal control framework recognizes changes in technology, governance, globalization and emerging business models.

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ARTICLES

Tax filing season resources—Tax year 2011

This is your one-stop shop for all of the tax news and updates you need to know for this year's tax filing season, organized by tax topic.

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ARTICLE

New tax provisions for 2012

The new year brought with it several tax law changes, including an increased due diligence penalty for practitioners who prepare returns that claim the earned income credit.

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