The Financial Accounting Foundation announced the availability of the 2020 GAAP Financial Reporting Taxonomy, the 2020 SEC Reporting Taxonomy, and the new 2020 XBRL US DQC Rules Taxonomy, all pending final acceptance by the U.S. Securities and Exchange Commission.
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All three 2020 taxonomies are expected to be accepted by the SEC as final in early 2020.
Questions about the taxonomies and compliance should be directed to the SEC via its
RSM's latest economic research has given it a new understanding of one of its biggest client categories.
The 10 states that offer the best return for residents' tax dollars.
The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general, and tax fraud whistleblowers.
The International Federation of Accountants wants accounting organizations to align with its quality management standards and offer more pathways to the profession.
For tax years 2023 and 2024, 45,386 returns claimed about $172 million in tax credits that ITIN holders were not eligible to receive.
