News



National Taxpayer Advocate Delivers Annual Report to Congress
 

National Taxpayer Advocate Delivers Annual Report to Congress

Posted: January 11, 2017
National Taxpayer Advocate Nina E. Olson recommends that the IRS revamp its “Future State” plan to adopt a taxpayer-centric focus and urges Congress to emphasize simplification when it considers tax reform later this year.


FASB Issues Guidance Clarifying the Definition of a Business
 

FASB Issues Guidance Clarifying the Definition of a Business

Posted: January 6, 2017
The Financial Accounting Standards Board has issued an Accounting Standards Update that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have acquired or sold a business.