AICPA

AICPA Highlights Tax Provisions that Stifle Entrepreneurship in Testimony at House Small Business Committee Hearing 
Washington, D.C. (February 15, 2017) – Troy K. Lewis, immediate past chair of the American Institute of CPAs’ (AICPA) Tax Executive Committee, testified today at a hearing before the House Small Business Committee about how to promote entrepreneurship by addressing barriers in the tax code.

AICPA Survey & PFP Executive Committee Member Featured in MarketWatch Article About the Financial Impact of Divorce on Retirement 
The results of the AICPA’s Personal Financial Planning (PFP) Trends Survey were featured in a MarketWatch article by Alessandra Malito. Tracey Stewart, CPA/PFS, a member of the AICPA’s Personal Financial Planning Executive Committee, was quoted in the article which focused on money lessons that can be learned from divorce. Stewart cautioned consumers about retirement uncertainty after divorce without a plan.

CBO

Report
An Analysis of the Navy’s Fiscal Year 2017 Shipbuilding Plan
February 21, 2017

Cost Estimate
S. 88, Developing Innovation and Growing the Internet of Things Act
February 17, 2017

Cost Estimate
S. 249, a bill to provide that the Pueblo of Santa Clara may lease for 99 years certain restricted land, and for other purposes
February 17, 2017

Cost Estimate
H.R. 906, Furthering Asbestos Claims Transparency (FACT) Act of 2017
February 17, 2017

Cost Estimate
S. 178, Elder Abuse Prevention and Prosecution Act
February 17, 2017 

Cost Estimate
S. 63, Tribal Labor Sovereignty Act of 2017
February 16, 2017

Cost Estimate
H.R. 679, Construction Consensus Procurement Improvement Act of 2017
February 16, 2017

Cost Estimate
S. 174, Federal Communications Commission Consolidated Reporting Act of 2017
February 15, 2017

Report
Federal Spending for Means-Tested Programs, 2007 to 2027
February 15, 2017

FASB

FAF Releases Updated Print Edition of FASB Accounting Standards Codification
Norwalk, CT—February 16, 2017—The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification^®, the single, authoritative source of Generally Accepted Accounting Principles (GAAP) for public and private companies and not-for-profit organizations. The new five-volume bound edition of the FASB Codification contains all of the content of the online Codification as of October 31, 2016.

FASB Announces Five New Members of Investor Advisory Committee
Norwalk, CT, February 21, 2017—The Financial Accounting Standards Board (FASB) today announced the appointment of five new members to its Investor Advisory Committee (IAC). The appointments follow refinements to the IAC that were announced by the FASB in November.

GAO

Financial Audit: Federal Deposit Insurance Corporation Funds' 2016 and 2015 Financial Statements GAO-17-299R:Published: Feb 15, 2017. Publicly Released: Feb 15, 2017.

Single Audits: Improvements Needed in Selected Agencies' Oversight of Federal Awards GAO-17-159:Published: Feb 16, 2017. Publicly Released: Feb 16, 2017.

Department of Homeland Security: Important Progress Made, but More Work Remains to Strengthen Management Functions GAO-17-409T:Published: Feb 16, 2017. Publicly Released: Feb 16, 2017.

IASB

IFRS Foundation Trustees announce reappointments of four IASB members
21 February 2017 - The Trustees of the IFRS Foundation, who are responsible for the governance and oversight of the International Accounting Standards Board (the Board), have announced that four existing Board members have been reappointed to serve a second term.

IRS 

Avoid Today’s Rush: Use IRS.gov for Faster Service
IR-2017-40, Feb. 21, 2017 — The Tuesday after Presidents Day marks the single busiest day of the year for telephone calls and visits to the Internal IRS.

Security Summit Alert: Tax Professionals Warned of New Scam to “Unlock” Their Tax Software Accounts
IR-2017-39, Feb. 17, 2017 – The IRS, state tax agencies and the tax industry today warned tax professionals to be alert to a new phishing email scam impersonating software providers.

Avoid the Rush: IRS Extends Service Hours to Assist Taxpayers at Presidents Day Peak
IR-2017-38, Feb. 17, 2017 -- To help meet the high demand to its toll-free call center that typically comes with the Presidents’ Day holiday, the Internal Revenue Service is extending its customer service hours.

IRS Summarizes "Dirty Dozen" List of Tax Scams for 2017
IR-2017-37, Feb. 17, 2017 — The Internal Revenue Service today announced the conclusion of its annual "Dirty Dozen" list of tax scams.

Avoid the Rush: EITC and ACTC Refunds Expected to Arrive the Week of Feb. 27
IR-2017-36, Feb. 16, 2017 — As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded taxpayers that they should not expect refunds to be available in bank accounts or on debit cards until the week of Feb. 27.

IRS Committed to Stopping Offshore Tax Cheating; Remains on “Dirty Dozen” List of Tax Scams for 2017
IR-2017-35, Feb. 16, 2017 — The IRS today said avoiding taxes by hiding money or assets in unreported offshore accounts remains on its 2017 list of tax scams known as the “Dirty Dozen.”

Avoid the Rush: Check IRS.gov Before Making IRS Office Appointment
IR-2017-34, Feb. 15, 2017 — February is not only a peak time for calls to the Internal Revenue Service’s call center; it’s also the peak time for visits to IRS offices for face-to-face tax help.

IRS “Dirty Dozen” Tax Scams List for 2017 Continues with Warning Against Frivolous Tax Arguments
IR-2017-33, Feb. 15, 2017 — The IRS today continued rolling out its 2017 “Dirty Dozen” tax scams list by warning taxpayers against using frivolous tax arguments to avoid paying taxes.

NYC Dept. of Finance 

February 15, 2017
Annual Report on Tax Expenditures for Fiscal Year 2017

NYS Dept. of Taxation and Finance

Six Simple Steps to Safeguard Private Information
The New York State Department of Taxation and Finance, along with the Department of State’s Division of Consumer Protection today encouraged New Yorkers to take proactive security measures to avoid being victimized by identity thieves.

Governor Cuomo Warns of New and Evolving Tax Season Scams Targeting Tax Preparers and HR Professionals
Governor Andrew M. Cuomo today warned New York tax preparers and human resources professionals of new scams aimed at stealing confidential client and employee information after the New York State Tax Department identified at least 37 companies in New York City, the Capital Region, Central New York and Western New York that have been impacted, affecting thousands of taxpayers. 

Stay In The Know While You’re On the Go: Sign Up for Email Alerts to Learn When Your Tax Refund Will be Issued
Sign up for email alerts from the Tax Department to be notified when your tax refund is issued and receive other helpful information. You can also opt to receive email alerts about tax bills, and other account-specific updates.

Why wait? Join the 92% of New York Taxpayers Already E-filing
The New York State Department of Taxation and Finance today highlighted the safer, easier option of e-filing and encouraged all New York taxpayers to avoid the hassles of filing on paper.

SEC

SEC, NASAA Sign Info-Sharing Agreement for Crowdfunding and Other Offerings
Washington D.C., Feb. 17, 2017 — The Securities and Exchange Commission and the North American Securities Administrators Association today signed an information-sharing agreement as new rules to facilitate intrastate crowdfunding offerings and regional offerings take effect.