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Regulatory Roundup - Dec. 16, 2019 - Jan. 6, 2020
Trusted Professional
AICPA Press Release AICPA Targets Technology and Core Skills with CPA Exam Practice Analysis The AICPA has issued proposed…
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NY Banks Have a Month to Explain How They Will Manage Transition From LIBOR
Trusted Professional
given manipulation scandal CFO.com the rate became suspect
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Fewer Situations Would Count as Threats to Auditor Independence Under New SEC Proposal
Trusted Professional
The Securities and Exchange Commission “The proposed amendments are based on years of Commission staff experience in…
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Excess Benefit Transactions
Estate Taxation
Excess benefit transactions(EBT) are an outgrowth of IRC section 4958, which was first introduced in 1996 and modified in…
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A Spotlight on New York State Residency Requirements
State Taxation
In October 2019, President Donald Trump became the most recent high-profile individual to announce his departure from New…
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A Look into the Final Treasury Regulations on the Temporarily Expanded Federal Gift and Estate Tax Exemptions
Tax Reform
On Nov. 26, 2019, the U.S. Department of Treasury and the IRS published final regulations addressing the effect of recent…
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Inside the Black Box: Executors’ Elections
Federal Taxation
During the administration of a decedent’s estate, an executor performs four basic functions: identifies and collects the…
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IRS Releases Final Guidance on Qualified Opportunity Zones
Trusted Professional
The IRS has released Related forms, instructions and other information taxpayers need to take advantage of this update will…
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New Chairs Announced for FASB, FAF
The Trusted Professional
The Board of Trustees of the Financial Accounting Foundation has announced that Richard R. Jones will be the new chair of…
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