The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.
 
 
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Apr 15, 2019
 
 
 
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JPMorgan Chase gives first look at CECL impact
 
JPMorgan Chase gives first look at CECL impact
by MARY ELLEN BIERY
 
The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard. READ MORE »
 
 
Happy final Friday: IRS says millions have yet to file
 
Happy final Friday: IRS says millions have yet to file
by JEFF STIMPSON
 
Some 50 million taxpayers have not yet filed their tax returns. READ MORE »
 
 
 
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The economy is unprepared for a drop in tax refunds
 
The economy is unprepared for a drop in tax refunds
by DANIELLE DIMARTINO-BOOTH
 
Although the Tax Cuts and Jobs Act increased take-home pay somewhat, millions of households treat tax refunds as a built-in component of their annual budget. READ MORE »
 
 
 
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Firms on the move: Drucker & Scaccetti proclaims, 'Tax Day is coming!'
 
Firms on the move: Drucker & Scaccetti proclaims, 'Tax Day is coming!'
 
KPMG unveils Ignition Center in Chicago; Withum opens learning lab at the University of Central Florida; and more CPA news. READ MORE »
 
 
 
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Taxpayers at risk of getting scammed by preparers
 
Taxpayers at risk of getting scammed by preparers
 
Nearly half of Americans fail to check whether their tax preparer includes their PTIN and signs their return, putting them at risk of being scammed, according to a new survey. READ MORE »
 
 
 
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Tax preparers steered low-income taxpayers to extra-fee refund products, says GAO
 
Tax preparers steered low-income taxpayers to extra-fee refund products, says GAO
by MICHAEL COHN
 
Low-income and minority taxpayers were more likely to use extra-fee tax preparation offerings like refund advances and refund transfers, according to a new report Friday from the Government Accountability Office, and tax preparers often didn