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FASB Proposes Simplified Treatment for Financial Instruments With Qualities of Both Equity and Liability

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The Financial Accounting Standards Board proposed a measure

8/1/2019

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Federal Reserve to Lower Rates for First Time Since 2008

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The U.S. Federal Reserve last time continue to dominate Voting for the monetary policy action were Jerome H. Powell, chair;…

7/31/2019

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Federal Judge Strikes Down IRS Rule Keeping Political Donors Secret

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Bloomberg instituted last year

7/31/2019

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Capital One Warns of Data Breach, 100 Million Possibly Affected

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Capital One has warned The largest category of information accessed was information on consumers and small businesses as of…

7/30/2019

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IRS, Faced With Major Pushback, Shelves Postcard-Sized 1040

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Bloomberg rolled out last year Practitioners many tax professionals Richard Greenfield, Barry Kleiman The new 1040 wasn't…

7/30/2019

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Regulatory Roundup: July 23-30

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AICPA Press Release Americans Financial Pain Lower Now Than It Was Pre-Recession AICPA Q2 2019 PFSi finds that Americans…

7/30/2019

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Retired Corporate Lawyer Suggests Rules to Discourage Business Psychopaths

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New York Times 0.05 to 1 percent 3.7 percent Another study posits others thrive in the business world one researcher one…

7/29/2019

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IRS Sends Letters Reminding Taxpayers That, Yes, Cryptocurrencies Are Taxable

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The IRS has begun sending letter IRS Notice 2014-21 (PDF) states that virtual currency is property for federal tax purposes…

7/29/2019

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Study Finds U.S. Public Pensions Have Only 73% of Assets Required to Support Members

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Wall Street Journal near-zero interest rates 5.112 percent Journal

7/26/2019

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