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News & Resources

  • GASB Issues Concepts Statement on Measurement of Assets and Liabilities

    April 15, 2014
    The Governmental Accounting Standards Board has issued Concepts Statement No. 6, Measurement of Elements of Financial Statements, which will guide the GASB in establishing accounting and financial reporting standards for U.S. state and local governments regarding the measurement of assets and liabilities.
  • IRS Reiterates Warning of Pervasive Telephone Scam

    April 14, 2014
    As the 2014 filing season nears an end, the Internal Revenue Service has issued another strong warning for consumers to guard against sophisticated and aggressive phone scams targeting taxpayers, including recent immigrants, as reported incidents of this crime continue to rise nationwide.
  • IRS Debunks Frivolous Tax Arguments

    April 11, 2014
    The Internal Revenue Service has released the 2014 version of “The Truth about Frivolous Tax Arguments” which describes and responds to some of the common frivolous tax arguments made by those who oppose compliance with federal tax laws.
  • IRS Reminds Those with Foreign Assets of U.S. Tax Obligations

    April 11, 2014
    The Internal Revenue Service reminds U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, that they may have a U.S. tax liability and a filing requirement in 2014.
  • Senate Committee Mulls Regulation of Tax Preparers

    April 9, 2014
    The Senate Finance Committee held a hearing Tuesday on the subject of incompetent and unethical tax preparers and heard testimony on how the Internal Revenue Service should deal with them.
  • Tax Extenders Legislation Advances in Senate

    April 4, 2014
    The Senate Finance Committee voted to revive almost all of the 55 tax breaks that expired December 31, providing benefits for wind energy, U.S.-based multinational corporations and motor sports track owners.
  • IRS Seeks Applications for Information Reporting Program Advisory Committee

    April 2, 2014
    The Internal Revenue Service is requesting membership nominations for the Information Reporting Program Advisory Committee (IRPAC), a federal advisory committee that advises the IRS on various tax administration issues.

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