Constellation Brands, the third-largest beer seller in the United States, for instance, is modeling several scenarios related to a possible increase in taxes on imported goods.
The IRS released a package of proposed provisions that will apply to the recently enacted centralized audit regime that generally assesses and collects tax at the partnership level.
The IRS proposed changes to various rules affecting dependents, including changing its position on when taxpayers count as “childless” for purposes of the earned income tax credit.
The news for the first weeks of January is dominated by FASB and IRS announcements. See how much you know about the news with this short quiz.
Deloitte offers five strategies to help find efficiencies and avoid unnecessary disturbances.
The IRS spelled out the procedures same-sex married couples should use to recalculate the transfer-tax treatment for property transferred to spouses before the U.S. Supreme Court invalidated Section 3 of the Defense of Marriage Act.,
A new federal government accounting standard is designed to provide concise and meaningful information about insurance costs and liabilities.
The transfer of 600 General Electric workers helps the Big Four firm grow its international expertise at a time when global tax strategy is growing in importance.
The IASB issued clarifications to standards related to income taxes, borrowing costs and investments in associates and joint ventures.
FASB addressed balance sheet classification of debt and the disclosure requirements for inventory under the board’s Disclosure Framework.
The AICPA has updated its guidance on the competencies and information that CPAs who provide financial planning services need to know.
The IRS released its annual notice containing the 2017 inflation-adjusted amounts for the maximum vehicle values to determine the amount that is included in employees’ income for personal use of an employer-provided vehicle.
The definition was clarified because of concerns that many transactions that should be considered asset acquisitions were being recorded as business acquisitions for accounting purposes.
The IRS issued a notice that provides the requirements for a payee to make an election to not have the safe harbor for de minimis errors on information returns below certain amounts apply to a payer.
The latest drafts address issues in the aerospace and defense, telecommunications, and time-share industries.
Three possible alternative recognition approaches for governmental fund reporting are included in an Invitation to Comment issued by GASB.
Financial statement preparers and auditors face important challenges as they implement FASB’s new revenue recognition standard.
In technical improvements issued Wednesday, the FASB addressed 13 narrow issues related to its new revenue recognition standard.
The FASAB issued a proposal that would change the requirements for a reconciliation between budgetary and financial accounting information.
The IRS extended for one year its waiver of the eligibility rule that generally prevents taxpayers from using the automatic accounting method change procedures to change the treatment of the same item more than once within a five-year period.