The IRS will now return newly filed Offer in Compromise applications if the taxpayer has not filed all required returns.
Any fees included with the OIC will also be returned.
This new policy does not apply to current year tax returns if there is a valid extension on file.
To confirm your client is eligible and get an estimated offer amount, use the
The IRS received some 68,000 OICs in 2014, the latest year for which information is available.
The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.
PricewaterhouseCoopers made a $1.5 million investment to Bryant University to fund the launch of the PwC AI in Accounting Fellowship.
The guide can help companies identify and disclose material information about sustainability-related risks and opportunities that could affect their cash flow.
The Treasury Inspector General for Tax Administration has launched a social media campaign, even as the Senate is vetting its next head.
Aprio acquires Kirsch Kohn Bridge; Opsahl Dawson adds Hauser Jones & Sas; and Doeren Mayhew acquires BHT&D CPAs.
The Experience, Learn & Earn program now allows accounting graduates who are unaffiliated with a participating firm or employer to sign up, as long as they are employed full time.
