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IRS to Ask for More Info About Divorce and Separation on 1040 (Accounting Today) - The Internal Revenue Service plans to add a question to Schedule 1 of the Form 1040 next year asking taxpayers who claim a deduction for paying alimony to provide the date of their divorce or separation agreement, according to a new report.
Failure Study A Needed Addition to the Accounting Toolkit (CPA Journal) - Public criticism of the accounting profession is intense. Users of financial statements are dissatisfied. Under pressure from politicians and regulators, accounting firms are hampered by structural and financial fragility. Santayanaâs maxim, however, contains both a plan and a call for action.
Keys are So 20th Century, Get a Smart Lock (PC Mag) - A connected lock offers both security and flexibility, letting you control access to your home with your phone. And installation is easier than you think. Here's what you need to know and the best smart locks we've tested.
Lease Accounting Tips for Public and Private Companies (JofA) - Many public companies are not finished implementing FASBâs new lease accounting standard, and one-third of private companies say they are unprepared to comply with the new standard, according to a new survey.