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Tax Court Sets Limits on Installment Agreements (Accounting Web) - The IRS has shown increasing willingness to work out installment agreements with individuals and business entities that could not meet their tax obligations. But that doesnât mean you can shirk your current responsibilities. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Conversion of a C Corporation to an LLC (The Tax Adviser) - The conversion of a C corporation into an LLC is treated as a complete liquidation of the corporation for tax. The liquidation of a C corporation with appreciated assets can potentially result in double taxation... The Rise and Fall of iTunes, Appleâs Most Hated App (The Verge) - It was a long run for iTunes, the jukebox software that revolutionized the music industry after its launch in 2001. But now, in the year 2019, itâs finally being put out of its misery â and ours. Effective Capital Allocation: A Force Multiplier (CFO) - One of the most important functions of any company is effective capital allocation. But while it is a critical component of the CFOâs job to steer the placement of capital, it should be in fact everyoneâs job. U.S. Factory Activity Growing at Weakest Pace Since 2016 (Reuters) - The Institute for Supply Management said its U.S. Manufacturing Purchasing Managers Index declined to 52.1 from 52.8 in April, hitting the lowest level since October 2016. A reading above 50 indicates growth. Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Parks and Rec Accounting Jokes   |