The IRS announced that has taken down its tool for retrieving tax return data used to complete the Free Application for Federal Student Aid.
Advertisement
NEWS
FASB changes presentation of defined benefit costs
Current presentation requirements for defined benefit costs lacked transparency and limited the usefulness of financial information, according to stakeholders.
Bragging rights: Ranking athletic conferences by CFOs
Big Ten alumni have held the most US public company finance leadership posts for the past 15 years, and an Ivy League school leads the individual rankings.
U.S. economic optimism surges
Concerns about regulation eased, and projections for revenue, profits, and expansion are on the rise amongst U.S. CPA decision-makers in a quarterly survey.
FASB proposes simplifying accounting for share-based payments to nonemployees
Accounting for share-based payments to nonemployees in exchange for goods and services would become similar to the accounting for share-based payments to employees under a proposal FASB issued.
Proposed PPACA replacement bills contain many tax changes
The draft proposals to repeal the Affordable Care Act released by House Republicans would make many tax changes if enacted. Here’s a look at their impact on the tax code.
Proposals would update UAA, model rules for accountancy
Among the proposed changes are including a definition of “Preparation of Financial Statements” and creating new methods for earning CPE credit.
FinREC exposes 5 revenue recognition issues
Working drafts exposed by the AICPA Financial Reporting Executive Committee address five new revenue recognition issues.
FASB updates EBP master trust presentation, disclosure requirements
The FASB issued a new standard that is designed to make employee benefit plan master trust disclosures more useful to users of financial statements.
What you need to know about robo-advisers
Publications issued by the SEC provide guidance to investment advisers who operate robo-advisers and investors who use their services.
FASB clarifies scope of asset derecognition guidance
FASB issued a standard clarifying the scope of its asset derecognition guidance and adding accounting guidance for partial sales of nonfinancial assets.
ASB issues new going concern auditing standard
The AICPA Auditing Standards Board issued a new standard that considers FASB’s new accounting considerations for going concern as well as GASB’s accounting guidance for state and local governments.
Dirty Dozen top tax scams led by phishing schemes
The IRS issued its roundup of the 12 biggest tax scams that taxpayers should watch out for this filing season.
PCAOB Form AP staff guidance updated for secondments
The PCAOB provided new information to firms on how to apply Form AP reporting requirements to professional staff in secondment arrangements.
Failure to report health coverage will not cause tax return rejection
The IRS announced that it will not reject tax returns just because a taxpayer has not indicated on the return whether the taxpayer had health insurance, was exempt, or made a shared-responsibility payment under Sec. 5000A.
Supreme Court decision creates liability risk for CPA profession regulators
Following a 2015 Supreme Court decision, CPAs serving on state boards of accountancy may be held personally liable for potential antitrust actions taken on behalf of the boards.
Golden-years divorces show couples’ need for financial literacy
Three in four older divorced people need a better understanding of how to manage their personal finances, a new AICPA survey shows.
IRS alerts practitioners of e-Services account suspensions
The IRS announced that as of Sunday it has suspended the e-Services accounts of users who failed to verify their identities in accordance with letters sent out in December.
Tax practitioners’ information will soon be available at IRS website
The IRS announced that it will soon post online the registration information of practitioners who have preparer tax identification numbers, and the information will be available without charge to the public.
Driver’s license information now required on some state e-filed returns
Tax return preparers are discovering that some state income tax returns for 2016 require information from a taxpayer’s driver’s license or state-issued identification card information before the returns can be e-filed.
Features
FROM THIS MONTH'S ISSUE
Right-sizing risk management
Sole practitioner or small firm? Risk management doesn’t have to be “one size fits all.” Learn how to help protect your practice without adding unnecessary admin time.
From The Tax Adviser
July 31, 2026
Current developments in S corporations
July 31, 2026
