Posted on August 24, 2016
The National Taxpayer Advocate made 116 administrative recommendations in the “most serious problems” section of her 2015 year-end report. The IRS has implemented or agreed to implement 65 of the recommendations.
Posted on August 22, 2016
The Internal Revenue Service is proposing a revised schedule of user fees that would take effect on January 1, 2017, and apply to any taxpayer who enters into an installment agreement.
Posted on August 19, 2016
The Financial Accounting Standards Board has issued an Accounting Standards Update that simplifies and improves how a not-for-profit organization classifies its net assets, as well as the information it presents in financial statements and notes about its liquidity, financial performance and cash flows.