AICPA

Press Release
Americans’ Financial Satisfaction Bounces Back with Record Rally
This AICPA PFSi saw its largest quarterly increase in the 27-year history of the Index, and a complete reversal from Q2 which saw the Index experience its largest ever quarterly drop.
October 21, 2020

Media Advisory
AICPA to Host Forum on Diversity and Inclusion in the Accounting Profession
Diversity and inclusion forum will feature several discussions around issues diverse employees often face in the workplace, including promotion and advancement, assignments, and feedback
October 21, 2020

CBO

Presentation
An Introduction to CBO: Its Role, Services, Products, and Communications
October 22, 2020
Presentation by Deborah Kilroe, CBO's Director of Communications, at the Fall 2020 Federal Depository Library Conference

Cost Estimate
H.R. 7990, FENTANYL Results Act
October 22, 2020
As ordered reported by the House Committee on Foreign Affairs on October 1, 2020

Report
Vietnam Veterans’ Income in Retirement
October 22, 2020
Most Vietnam-era veterans are now retired. In 2018, their average income, including the disability compensation that some receive, was roughly comparable with the income of nonveterans their age.

Cost Estimate
Estimate for Senate Amendment 2652 to S. 178, the Delivering Immediate Relief to America’s Families, Schools and Small Businesses Act
October 21, 2020
Senate Amendment 2652 as proposed by Senator McConnell on September 8, 2020

Cost Estimate
H.R. 3682, Land Grant-Mercedes Traditional Use Recognition and Consultation Act
October 20, 2020
As ordered reported by the House Committee on Natural Resources on July 29, 2020

Cost Estimate
H.R. 4507, Protection of Saudi Dissidents Act of 2020
October 20, 2020
As ordered reported by the House Committee on Foreign Affairs on October 1, 2020

Cost Estimate
H.R. 8109, Nonpartisan Postmaster General Act of 2020
October 20, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
S. 3590, Drinking Water Infrastructure Act of 2020
October 19, 2020
As reported by the Senate Committee on Environment and Public Works on May 11, 2020

Cost Estimate
S. 3704, Advanced Technological Manufacturing Act
October 19, 2020
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 20, 2020

Cost Estimate
S. 3997, Safeguarding American Innovation Act
October 19, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 22, 2020

FASB

FASB Proposes Three Targeted Improvements to the Leases Standard  [10/20/20]
Media Advisory
Exposure Document

GAO

Missile Defense:
Observations on Ground-based Midcourse Defense Acquisition Challenges and Potential Contract Strategy Changes
GAO-21-135R: Published: Oct 21, 2020. Publicly Released: Oct 21, 2020.

Homeland Security Acquisitions:
DHS Has Opportunities to Improve Its Component Acquisition Oversight
GAO-21-77: Published: Oct 20, 2020. Publicly Released: Oct 20, 2020.

Fair Labor Standards Act:
Observations on the Effects of the Home Care Rule
GAO-21-72: Published: Oct. 19, 2020 Publicly Released: Oct. 19, 2020

Tax Administration:
Opportunities Exist to Improve Oversight of Hospitals' Tax-Exempt Status
GAO-20-679: Published: Sep. 17, 2020 Publicly Released: Oct. 19, 2020

VA Health Care:
Better Data Needed to Assess the Health Outcomes of Lesbian, Gay, Bisexual, and Transgender Veterans
GAO-21-69: Published: Oct. 19, 2020 Publicly Released: Oct. 19, 2020

IASB

22 October 2020
Being a member of the International Accounting Standards Board

22 October 2020
November 2020 IFRS Advisory Council agenda and agenda papers available

21 October 2020
IASB Research Forum 2020

IRS

To help non-filers, IRS sets Nov. 10 as ‘National EIP Registration Day;’ Register at IRS.gov for Economic Impact Payment
IR-2020-242, October 23, 2020 — The IRS today set November 10 as “National EIP Registration Day,” as the agency and partners across the country launch a final push to encourage everyone who doesn’t normally file a tax return to register to receive an Economic Impact Payment.

IRS offers new stricter settlement for micro-captive insurance schemes; offer letters being mailed to groups under audit
IR-2020-241, October 22, 2020 — The Internal Revenue Service announced today a second time-limited settlement initiative for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.

IRS releases draft Form 1065 instructions on partner tax basis capital reporting
IR-2020-240, October 22, 2020 — The IRS released today an early draft of the instructions to Form 1065, U.S. Return of Partnership Income, for tax year 2020 (filing season 2021) that include revised instructions for partnerships required to report capital accounts to partners on Schedule K-1 (Form 1065).

IRS announces 2021 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants
IR-2020-239, October 21, 2020 — The Internal Revenue Service recently awarded over $36 million in Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants to organizations that provide free federal tax return preparation.

IRS reminds tax professionals to renew PTINs now for 2021
IR-2020-238, October 20, 2020 — The Internal Revenue Service reminds the nation’s more than 780,000 active tax return preparers to start the upcoming 2021 filing season smoothly by renewing their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire December 31, 2020.

IRS provides tax relief for victims of September wildfires in California; Oct. 15 deadline, other dates extended to Jan. 15
IR-2020-237, October 19, 2020 — Victims of the California wildfires that began on September 4 now have until January 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

IRS provides tax relief for victims of Hurricane Delta; Oct. 15 deadline, other dates extended to Feb. 16
IR-2020-236, October 19, 2020 — Victims of Hurricane Delta that began on October 6 now have until February 16, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

IRS fights fraud aimed at charities, joins international awareness week
IR-2020-235, October 19, 2020 — The Internal Revenue Service is combating fraud by once again joining organizations around the world to highlight the third annual International Charity Fraud Awareness Week, October 19-23.

NYS

Superintendent Lacewell Announces that DFS Imposes $150 Million Penalty On Goldman Sachs Group In Connection With Goldman Sachs Bank USA’s Investments In 1MDB
October 22, 2020

Superintendent Linda A. Lacewell Announces PayPal To Be the First Approved Entity for DFS Conditional Bitlicense
October 21, 2020

Department of Financial Services Files Statement of Charges Against the Aliera Companies and Trinity Healthshare
October 20, 2020

SEC

SEC Charges Day-Trading Education Firm for Unregistered Security-Based Swap Transactions
2020-267, Oct. 23, 2020 — The Securities and Exchange Commission today charged Israeli company Tradenet Capital Markets Ltd. for offering and selling security-based swaps to over 5,000 retail investors without registration and for failing to transact its swaps on a registered national exchange.

SEC Issues Record $114 Million Whistleblower Award
2020-266, Oct. 22, 2020 — The Securities and Exchange Commission today announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions.

SEC Charges Goldman Sachs With FCPA Violations
2020-265, Oct. 22, 2020 — The Securities and Exchange Commission today announced charges against The Goldman Sachs Group Inc. for violations of the Foreign Corrupt Practices Act (FCPA) in connection with the 1Malaysia Development Berhad (1MDB) bribe scheme, and as part of coordinated resolutions, it has agreed to pay more than $2.9 billion, which includes more than $1 billion to settle the SEC’s charges.

At Joint Open Meeting, SEC and CFTC Approve Final Rule on Security Futures Margin and Request for Comment on Portfolio Margining
2020-264, Oct. 22, 2020 — The Securities and Exchange Commission and the Commodity Futures Trading Commission, at their first joint open meeting to vote on rulemaking initiatives, today approved: (1) a joint final rule to harmonize the minimum margin level for security futures held in a futures account with the minimum margin level for security futures held in a securities portfolio margin account, and (2) the issuance of a joint request for comment on the portfolio margining of uncleared swaps and non-cleared security-based swaps.

SEC to Host Panel with Women Entrepreneurs of Color on Oct. 28
2020-263, Oct. 22, 2020 — The Securities and Exchange Commission today announced it will host a virtual forum next week featuring women entrepreneurs and investors of color from Los Angeles and Atlanta discussing their business experiences and ways to improve access to capital for minorities and women.

SEC Obtains Final Judgment Against Kik Interactive For Unregistered Offering
2020-262., Oct. 21, 2020 — The Securities and Exchange Commission announced today that a federal district court has entered a final judgment on consent against Kik Interactive Inc. to resolve the SEC’s charges that Kik’s unregistered offering of digital “Kin” tokens in 2017 violated the federal securities laws.

TIGTA

Refinement and Expansion of Filters to Include Additional Business Returns Will Continue to Improve Business Identity Theft Detection Efforts
October 21, 2020​