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IRS Says Discharged Student Loans Not Counted as Income (CPA Practice Advisor) - Taxpayers within the scope of this revenue procedure will not recognize gross income as a result of the discharge, and the taxpayer should not report the amount of the discharged loan in gross income on his or her federal income tax return. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES How Firms are Delivering Value with Audit Data Analytics (JofA) - When Ed Wilkins, CPA, talks to audit committees about adding data analytics to the audit process, he explains to them that it usually takes three years for investment in a complex audit analytic to pay for itself. How to Add a Callout to a Slide in PowerPoint (How-to-Geek) - Callouts are a great resource for emphasizing a specific point you want to highlight within your PowerPoint presentationâespecially when that slide is visually heavy. They can be added to a slide in just a few simple steps. Hereâs how. What CPAs and Their Clients Should Know about Tax Zapper Software (Accounting Web) - CPAs who assist clients with sales tax obligations can build credibility by educating themselves about the increasingly well known phenomenon of tax zapper software. Just How Important Is Which Big 4 Firm You Work For Anyway? (Going Concern) - In a recent interview with the University of California Santa Barbara student newspaper The Bottom Line, Professor Bob Anderson was asked about opportunities that a degree in accounting might offer other than the track weâre all too familiar with. Taxation Accounting/Audit Business News |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  When I Grow Up, I Want to be a Tax Accountant   |