OIC and trust fund recovery mediation now available nationwide


Rev. Proc. 2014-63, issued in December, provides rules for a nationwide implementation of post-Appeals mediation for offer-in-compromise (OIC) and trust fund recovery penalty cases. OIC and trust fund recovery mediation previously had been available only as a pilot program in certain cities since December 2008. Rev. Proc. 2014-63 also incorporates into a single revenue procedure, with some modifications, procedures for mediation of examinations and issues and mediation of collection cases and issues from Rev. Proc. 2009-44 and Announcements 2008-111 and 2011-6.

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This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

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How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

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Did you follow 2016’s biggest accounting news?

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