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Tax Treatment of State and Local Tax Refunds Clarified (JofA) - Taxpayers who itemize deductions and who paid state and local taxes in excess of the state and local tax deduction limit may not be required to include the entire state or local tax refund in income in the following year. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES April Fools' Day Quiz: Can You Tell Real Corporate Pranks From Fake Ones (USA Today) - The April 1 tradition of pranks has been observed for centuries across a variety of cultures but the true origins of April Foolsâ Day is unknown. Tax Court to Review IRS Denial of Whistleblower Claim (Accounting Today) - The Tax Court has ruled that a whistleblower may challenge an IRS award decision when the whistleblower provides new information in a later supplemental form even after the original claim for a whistleblower award has been denied. New Loss Accounting Rule Will Dent Some Banksâ Capital Levels (CFO) - Banks with large portfolios of consumer loans and high loan-to-asset ratios may take the worst hits, according to S&P Global Ratings. Google Adds Snake to Maps for April Fools' Day Gag (cnet) - The reimagined Snake game will be playable in Android and iOS Google Maps apps for around a week. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Timelapse Tulip   |