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The Internal Revenue Service is closing off admission to a program that allows large corporations to discuss and resolve their tax issues with the IRS before filing their tax returns, due to budget constraints.

According to recent news it appears advisory firms have started to increase their hiring efforts for seasoned restructuring professionals. This may signal a coming potential increase in bankruptcy filings. If so, fresh start reporting may once again become a critical issue.

The Internal Revenue Service has modified a policy it instituted earlier this year on not providing letter rulings or determination letters on certain tax questions related to distributions of stock of controlled corporations and will now provide them in two specific areas.

The Internal Revenue Service has released new guidance for taxpayers making certain elections and filing amended returns to take advantage of the tax extenders in last December’s PATH Act for bonus depreciation.

Anticipatory Organization nano learning program among the first to comply with new accounting CPE standards.

U.S. House conservatives are set to re-launch next month their effort to impeach Internal Revenue Service Commissioner John Koskinen, with or without Speaker Paul Ryan’s go-ahead.

Fresh from their record-breaking gold medals at the Rio Summer Olympics, swimmer Michael Phelps and gymnast Simone Biles will be speaking at Intuit’s QuickBooks Connect event in October.

Highlights of some of our favorite tax-related blogs from the past week.

7 questions to help protect your business clients

Nonprofit organizations and their accountants may want to adopt Financial Accounting Standards Board’s new standard for not-for-profits early before they have to begin adjusting to some of the other new standards coming out from FASB.

There’s probably no one “right” time for tax preparers to start a newsletter, but the end of summer might be an optimum time. Vacation memories are beginning to fade, and people are gearing up to get back into the real world of work, busy schedules and tax.

Indian Country Today reports that retired PGA golfer Notah Begay III, in his first ambassador role outside of professional sports, has partnered with southwest CPA and business consulting firm REDW to promote accounting and financial literacy to Native American communities.

Business network developer Viewpost has teamed up with Bank of America to provide the bank’s small-business customers with an invoicing, payments and cash management solution.

The Affordable Care Act has new surprises this year that can trip up employers and their advisors, experts warn.

The Internal Revenue Service and the Treasury Department are providing new guidance on the requirements for professional employer organizations seeking voluntary certification, relaxing some of the original requirements for submitting written opinions and attestations from CPAs.

The Internal Revenue Service is offering a safe harbor for businesses using property that has been financed with tax-exempt bonds.

When the European Union pressured Switzerland to scrap tax breaks for foreign companies, Geneva had the most to lose. Now, the canton that’s home to almost 1,000 multinationals is set to use tax to burnish its appeal.

Jacob J. Lew looks set to close out his tenure as one of just two Treasury secretaries to serve during the Obama administration. Not since the days of Eisenhower has a two-term U.S. president had such stability at the helm of the Treasury Department.

The U.S. is stepping up its effort to convince the European Commission to refrain from hitting Apple Inc. and other companies with demands for possibly billions of euros in underpaid taxes.

The Public Accounting Report, the monthly independent newsletter serving the accounting profession since 1978, released the results of their 35th Annual Professors Survey this August, in which accounting professors across U.S. colleges and universities rank collegiate accounting programs.