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Rules would allow truncated taxpayer IDs on Forms W-2 (Journal of Accountancy) - In an effort to reduce identity theft, the IRS issued proposed regulations that would permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement, issued to employees (REG-105004-16). ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Senate panel mulls business tax reform (Accounting Today) - The Senate Finance Committee held a hearing Tuesday to discuss reforming the business tax code and heard from a group of panelists, including a representative of the American Institute of CPAs. Puerto Rico: Hurricane Maria hammers an economy that can't take much more (CNN) - Puerto Rico is years into an economic crisis. Now it's facing a natural disaster. Hurricane Maria hit the island on Wednesday as a Category 4 storm, threatening lives and promising potentially devastating economic damage. IRS Announces All Of Georgia Now Eligible For Disaster Tax Relief (Forbes) - The Internal Revenue Service (IRS) has announced that Hurricane Irma victims in the entire state of Georgia now have until January 31, 2018, to file certain individual and business tax returns and make certain tax payments (source: IR-2017-156). CPA Tomorrowland (CPA Practice Advisor) - Recently I spoke with Todd Shapiro, president and CEO of the Illinois CPA Society, at the Midwest Accounting & Finance Showcase in Rosemont, IL. Taxation Accounting/Audit Business News | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Droplets with High Speed Camera   |