IRS sets guidelines on examining accounting software records - September 16
The IRS has released a memorandum to its examiners instructing them on what types of information they are now allowed to get from small business taxpayers’ accounting software data.
Tax strategy patents closer to extinction - September 16
The Senate has passed a patent reform bill containing provisions that eliminate patents on tax strategies.
FAF to release recommendation for private company standards - September 16
A proposal from the Financial Accounting Foundation (FAF) on the structure and process of FASB’s oversight of standards for private companies and nonprofits is expected by early October according to Teresa Polley, president and CEO of FAF.
Tax changes to pay for President’s Jobs Bill - September 16
President Obama sent his jobs bill to Congress with $467 billion in tax code changes that he proposes to pay for the measure, even though lawmakers from both parties have previously rejected those same changes.
Kasich may have budget plans brewing again - September 16
After Ohio’s $55.8 billion budget was passed in June, Gov. John Kasich indicated that he didn’t necessarily plan to wait the standard two years before addressing budget issues again.
IRS revises tax treatment for cell phones - September 16
Insurance Dept releases “how to” for title agency reviews - September 16
ODT announces Hurricane Irene file/pay extension - September 16