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How The Government Shutdown Affects The IRS (TaxProf Blog) - However, most IRS activities will stop during a shutdown. These ânon-exceptedâ activities under the plan include: Issuing refunds, processing Form 1040X amended returns, audits... ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES 80s Flashback: Kids Getting Classic PCs on Christmas (PC Mag) - We round up photos of kids opening classic computers of the 1980s on Christmas morning. We're talking Commodore 64, Atari 600XL, Apple IIc, and more. Tax Court Clarifies What Cost of Goods Sold is for Cannabis Companies (CPA Practice Advisor) - In Patience Mutual Assistance Corp, et al, the Tax Court has denied a California medical cannabis companyâs deduction for ordinary and necessary expenses, and cost of goods sold (COGS). 6 Tips for Developing Critical Audit Matter Disclosures (JofA) - A new standard for public company auditing is bringing the stress that accompanies any significant change, but it also is giving auditors the opportunity to communicate more about the audit. As the year ends, the winner of a $1.5 billion jackpot is still a mystery (Washington Post) - A small town in South Carolina was overjoyed in October after learning that a Mega Millions ticket worth $1.5 billion had been sold from a local convenience store. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Groco Joke Man   |