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Regulatory Roundup: July 2-8
Trusted Professional
AICPA Press Release AICPA Survey: Business Executives Say Complex Financial Instruments Continue to Pose Risk AICPA study of…
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Five-Star Rating Systems Not Very Useful to Consumers
NextGen
Harvard Business Review A study from last year
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IRS Data Reveals Refund Distribution Changed by TCJA
Trusted Professional
Wall Street Journal
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IRS Reform Bill Signed Into Law
Trusted Professional
Accounting Today cleared Congress last month Establish a new IRS Independent Office of Appeals Lower the e-Filing mandate…
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Man Claiming to be Bitcoin Founder Says He Can't Access Wallet That Would Prove Identity
NextGen
has filed suit Bloomberg
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Overview of Current Federal Income Taxation on Cryptocurrency Transactions
Federal Taxation
Since the inception of cryptocurrency in 2009, the very concept of currency has been challenged and debated. This article…
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The Nuts and Bolts of an IRS Audit and the Collection Process
Federal Taxation
The IRS audit process is rife with procedural rules to ensure taxpayers are notified before action is taken against them and…
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IRS Proposes Guidance on 1.4 Percent Excise Tax on Private Colleges and Universities
Trusted Professional
The IRS has proposed guidance Sec. 4940(c) of the Internal Revenue Code
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Deep Dive Tax Cut and Jobs Act - Nonprofits
Tax Reform
The 2017 Tax Cut and Jobs Act (TCJA) created a number of significant roadblocks for non-profit organizations. The roadblocks…
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