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Accounting News
  • Proposed rules issued for information reporting for life insurance contract transactions
    Source: Journal of AccountancyPublished on 2019-03-22
  • FASB modifies definition of ‘collections’
    Source: Journal of AccountancyPublished on 2019-03-21
  • News quiz: Economic outlook gets an update
    Source: Journal of AccountancyPublished on 2019-03-21
  • IRS’s Dirty Dozen scams — 2019 edition
    Source: Journal of AccountancyPublished on 2019-03-19
  • PCAOB staff provides insight on critical audit matters
    Source: Journal of AccountancyPublished on 2019-03-18
  • First-year challenges of TCJA implementation require broader penalty relief
    Source: Journal of AccountancyPublished on 2019-03-15
  • Finance leaders feel good but ready for a downturn
    Source: Journal of AccountancyPublished on 2019-03-07
  • FASB alters accounting for episodic TV series
    Source: Journal of AccountancyPublished on 2019-03-06
  • New FASB standard clarifies lease accounting issues
    Source: Journal of AccountancyPublished on 2019-03-05
  • Guidance proposed on FDII and GILTI deductions
    Source: Journal of AccountancyPublished on 2019-03-05
  • Court upholds IRS PTIN fees
    Source: Journal of AccountancyPublished on 2019-03-04
  • FASB proposes guidance for measuring share-based payments to customers
    Source: Journal of AccountancyPublished on 2019-03-04
  • FASAB proposes eliminating RSSI, updating lease references
    Source: Journal of AccountancyPublished on 2019-03-01
  • PEEC issues new and revised interpretations
    Source: Journal of AccountancyPublished on 2019-03-01
  • GASB issues proposed lease accounting implementation guide
    Source: Journal of AccountancyPublished on 2019-02-28
  • Accounting News

    Retaining Tax Information and Records

    Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.

    Working May Decrease Your Social Security Benefits

    Many taxpayers currently underemployed due to recent economic conditions may consider applying for social security retirement benefits earlier than they previously planned to supplement their income. But, continuing to work while receiving those benefits may cause their benefits to be reduced below the anticipated amount.

    Traditional to Roth IRA Conversions

    Four years ago, the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) relaxed some restrictive rules preventing many taxpayers from converting a traditional IRA to a Roth IRA, but this favorable change was not effective until 2010.

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