FinCEN hints at BOI reporting changes in court filing
If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in its filing in a Texas case. Read More
Critical tax season IRS workers receive later date for resignation program
IRS employees received an email Wednesday advising them that workers in “critical filing season positions” must work until mid-May. Read More
Report: Undergraduate enrollment in accounting on the rise
The fall semester saw a 12% increase in accounting enrollment from the previous year to the highest figure observed by the National Student Clearinghouse Research Center in four years. Read More
Former NFL player making an impact as a CPA
Richie Brockel, whose football career included involvement in a pair of unforgettable trick plays, shares his thoughts on the Super Bowl and discusses the superpower that having a CPA license has afforded him post-football. Read More
AICPA supports Senate discussion draft to help taxpayers, preparers
An AICPA news release mentioned 13 provisions in the bipartisan draft that have its strong support, including ones dealing with tax filing by victims of disasters, electronic notices, and callback technology. Read More
Financial planning aspects of unretiring
Reentering the workforce after having officially retired from it can raise a host of financial planning questions, especially for individuals whose main motivation for “unretiring” is economic. Read More
Executive order’s hiring freeze causes IRS to cancel some job offers
The IRS said President Donald Trump’s executive order calling for a hiring freeze caused it to rescind all jobs offered with a start date after Feb. 8. Read More
Supreme Court lifts BOI injunction; filing timeline unclear
The stay of the nationwide injunction means that the government can enforce the beneficial ownership information reporting requirements, but it’s not clear what happens next. Read More
FASB proposes series of changes to accounting standards
The board seeks comments on an Accounting Standards Update that addresses 34 issues in GAAP. Read More
AICPA: Executive order shouldn’t affect IRS tax season hiring
The AICPA’s vice president–Tax Policy & Advocacy said President Donald Trump’s executive order to freeze hiring at the IRS should not affect seasonal employees, who likely are already hired and trained. Read More
Activities to ease busy season stress
CPA firms have numerous options to relieve stress and show appreciation. Read More
Werfel to resign Monday as IRS commissioner
Danny Werfel, who had two years remaining on his term, said he made the decision after “significant introspection and consultation.” An AICPA statement praised Werfel for “moving the IRS in the right direction to improve taxpayer services and start instituting modern technologies.” Read More
