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The Internal Revenue Service is giving holders of foreign retirement trusts an exemption from some of the information reporting requirements, along with the abatement of penalties.
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FASB tweaks CECL and financial instruments standards →
| | By Michael Cohn 1 min read
| | The Financial Accounting Standards Board made some narrow improvements to different aspects of the financial instruments guidance, including the current expected credit losses standard. | |
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Tax season so far →
| | By Daniel Hood
| | Neil Fishman of the National Conference of CPA Practitioners dissects the current state of the filing season, what to expect in the run-up to April 15 -- and what's coming after that. | |
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AICPA asks IRS for QBI deduction guidance →
| | By Michael Cohn 3 min read
| | The American Institute of CPAs has submitted comments to the Internal Revenue Service and the Treasury Department asking them for more guidance on the qualified business income deduction in the Tax Cuts and Jobs Act. | |
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Stablecoins: A staple in our future wallets? →
| | By Vinay Pai 5 min read
| | Stablecoins are stable-value coins, cryptocurrencies designed to minimize price volatility by pinning value to currencies like the U.S. dollar or to exchange-traded commodities like gold. | |
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