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The Internal Revenue Service is auditing dozens of tax-exempt bond-financed jails, particularly in border states, and suggesting in some cases that, if the jails hold significant amounts of federal inmates, the bonds are no longer tax-exempt and are instead taxable private-activity bonds, sources said Thursday.
August 9 -
Check out the digital edition of the August 2013 issue of Accounting Today.
August 9 -
The American Institute of CPAs has sent a comment letter to the Internal Revenue Service and the Treasury Department highlighting potential problems for international tax entities from the IRSs proposed regulations related to the net investment income tax.
August 7 -
A pair of Senate Democrats have introduced legislation to end unlimited tax write-offs on performance-based executive pay, allowing publicly traded corporations to deduct only up to $1 million in pay per employee.
August 6 -
Aronson LLC has acquired SpringReef Partners, a consultancy firm that offers wealth management services to high net worth families.
August 6 -
The Internal Revenue Service has finalized regulations governing certain transfers of property to regulated investment companies and real estate investment trusts.
August 5 -
Governmental Accounting Standards Board chairman David Vaudt talks about his plans as GASB's new leader and the board's agenda for pension standards, post-employment benefits in the retiree health care area, and the need to provide useful information for elected officials and government policymakers, in an interview with Accounting Today editor-in-chief Daniel Hood.
August 5
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Research shows what drove accounting firms to start offering financial planning services
August 1 -
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You want to be the head coach of your clients' advisors
August 1
