The American Institute of CPAs is asking the Internal Revenue Service to provide relief from tax penalties to taxpayers who are required for the first time to file information returns related to Controlled Foreign Corporations. In a letter Thursday to the IRS's associate chief counsel, AICPA Tax Executive
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Welcome, dear average American, to the lovely world of unregulated retail finance. Perhaps you're young enough that you missed the tech-stock housing bubbles. Perhaps you didn't have enough cash to “flip that house” back in 2006. Well, thanks to the invention of cryptocurrency, there's a whole new
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AVON — The Hendricks County Prosecutor's office is looking into financial discrepancies at Avon Community School Corporation's White Oak Elementary School after a report was filed by the State Board of Accounts Thursday. According to the report, the corporation discovered a discrepancy in White
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A new academic study scrutinizes how bias may play a role when an auditor used to work in the same accounting firm as the CFO of the company being audited. The study looked at the “familiarity threat” to auditor independence when a CFO or other top executive of a company being audited used to be
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Tucked inside the bipartisan budget deal that looks poised to pass the Senate Thursday are a slew of tax breaks for NASCAR, Hollywood, racehorses and rum. And beer, too. The agreement reached Wednesday extends various “temporary” write-offs that have been on the books for years. Many of the
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