NY Times: Hobbled by Budget Cuts, The IRS Brings Fewer Tax Fraud Cases (TaxProf Blog) - Last year, the I.R.S.âs criminal division brought 795 cases in which tax fraud was the primary crime, a decline of almost a quarter since 2010. âThat is a startling number,â Don Fort, the chief of criminal investigations for the I.R.S., acknowledged at a New York University tax conference in June.
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Breaking Down FASB Regulations for Nonprofits (California CPA) - Nonprofit financial statements have traditionally
presented net assets in three categories or
classes: unrestricted, temporarily restricted
and permanently restricted.
Tax Research Software: More Relevant than Ever (Accounting Today) - Itâs been an interesting year. President Trump promised major revisions to the Tax Code, and the Supreme Court was deciding whether or not to overturn the Quill decision in the South Dakota v. Wayfair case.
US Unemployment Rate Lowest Since 1969 (Fox Business) - The U.S. economy added 134,00 jobs in September below analysts' expectations while the unemployment rate was 3.9 percent, the lowest unemployment rate since 1969.