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Does failure to file constitute obstruction? (Accounting Today) - Code Section 7212(a) is one of many federal statutes that include a âcatchallâ residual clause designed to apply to conduct that might not be covered by the specific language in the rest of the statute. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES New FASB standard aims to simplify hedge accounting (Journal of Accountancy) - FASB issued a new standard Monday that is designed to make hedge accounting easier for financial statement preparers and easier for financial statement users to understand. Claiming A Loss After A Disaster Like Hurricane Harvey (Forbes) - Over the weekend, Hurricane Harvey (now Tropical Storm Harvey) made landfall on the Texas coast. The impact was immediate and devastating. Donât Take the Bait, Step 8: How to Start Protecting Clients, Businesses from Cybersecurity Threats (IRS) - The IRS, state tax agencies and the tax industry today offered important tips for how tax professionals can get started protecting their clients and their business from cybersecurity threats. Move Americans to Jobs, Not the Other Way Around (Bloomberg) - For far too long, U.S. politicians have been promising to bring jobs to Americans. They should instead be encouraging Americans to move to jobs. Taxation Accounting/Audit Business News | TOP 5 MOST READ
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