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AICPA urges changes to employee benefit reporting proposal
(Journal of Accountancy) - The AICPA is urging four federal agencies to reconsider some of the changes they jointly proposed to Form 5500, which employers use to satisfy employee benefit plan reporting requirements under the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA).
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NJ Governor Christie Won't Pull The Plug On Decades Old Tax Agreement With Pennsylvania After All
(Forbes) - Christmas came early for some taxpayers in New Jersey and Pennsylvania this year: New Jersey Governor Chris Christie (R) has announced that he will not end the income tax reciprocity agreement with Pennsylvania.
SAG to discuss PCAOB proposal on audit supervision; interaction with audit committees
(MACPA) - A key advisory group to the standard-setter for U.S. public company audits is slated to discuss the status of, and comments received on, a proposal relating to the lead auditor’s responsibility for supervision of other auditors on an engagement .
Tax Preparedness Series: This #GivingTuesday Remember Donations May Cut Tax Bills
(IRS) - WASHINGTON — As tax filing season approaches, the Internal Revenue Service reminds taxpayers who give money or goods to a charity by Dec. 31, 2016 that they may be able to claim a deduction on their 2016 federal income tax return and reduce their taxes.
OPEC Said to Remain Split as Russia Says It Won’t Join Talks
OPEC officials failed to resolve internal differences that stand in the way of an agreement to cut oil production, while Russia dimmed the prospects for a broader deal to revive prices by saying it’s not planning to attend crucial talks on Wednesday.
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