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IRS Large Business & International Division Continues to Push Targeted Audit Campaigns, Announcing 6 More Areas of Compliance Focus

The Internal Revenue Service’s (IRS) Large Business & International Division (LB&I) recently announced six additional compliance

Safe Harbor Internal Controls for PACs

The Federal Election Commission (FEC) has published best practices and internal controls in its campaign guide

IRS Revives Form to Report Nonemployee Compensation

Employers who pay subcontractors nonemployee compensation should be aware of a change coming after 2019. The
August 22, 2019

FASB Votes to Delay New Lease Standard Effective Date

On July 17, 2019 the Financial Accounting Standards Board (FASB) voted unanimously to draft an Accounting

IRS Releases Draft Simplified Tax Return for Seniors

The Internal Revenue Service (IRS) has released a draft of a simplified form for taxpayers age
August 21, 2019

Contractors Beware! Changes Coming to Buy American Act Thresholds

The Buy American Act, as the name implies, establishes a preference for American-made products in federal

IRS Releases Draft 2019 Form 1040 and Schedules

The Internal Revenue Service (IRS) has released a draft of the 2019 Form 1040 and its
August 20, 2019

Is an Executor Liable for a Decedent’s Unpaid FBAR Penalties?

English historian Thomas Fuller once wrote, “Travel makes a wise man better but a fool worse.”

U.S. Expatriate Citizens by Birth and Their U.S. Tax Reporting Obligations

The following situation is quite common. A U.S. expatriate individual is a U.S. citizen by birth
July 31, 2019

Stress Less about the CPA

As an accounting student, the three most intimidating letters are: CPA. The process of becoming a