The Internal Revenue Service has offered guidance on the new 100 percent bonus depreciation in last year’s tax extension and small business legislation.
Revenue Procedure will be published in IRB 2011-16, dated April 18, 2011.
The House passed bipartisan legislation to strengthen the Internal Revenue Service's Whistleblower Awards Program and provide faster payouts to tipsters.
Accountaneur Advisory's inaugural survey measuring the human cost of tax season is open for participation.
The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI's impacts on a company's financial reporting and controls.
The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the "portfolio layer method" when doing hedge accounting on their financial liabilities.
The AICPA and CIMA announced its new "AI Skills Accelerator," an intensive multicourse program that provides a wide breadth of materials to build skills with AI and better understand the mindset needed to do so successfully.
The Internal Revenue Service is offering taxpayers a new option to request more time to review a disallowance of an Employee Retention Credit claim.
