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Tax Geek: Deductibility of Professional Education Expenses (Forbes) - Unfortunately, the determination of when continuing education tuition can and can't be deducted is an oft-confusing area of the tax law that is rife with nuance and complicated by decades of inconsistent court decisions. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Batch of New Accounting Rules Coming in 2017 (Bloomberg BNA) - Companies should be aware that a number of the proposals the Financial Accounting Standards Board issued earlier this year are expected to be finalized in 2017, including changes to hedge accounting and life insurance and annuities contracts, FASB.. Revenue Recognition: The Clock Is Ticking (CFO) - The new accounting standard for revenue recognition will likely affect every aspect of a business that relates to revenue, from a companyâs financial results and compliance with debt covenants to executive compensation. A Plan to Tax US Imports Has Better Odds of Becoming Law than Many People Think (CNBC) - A controversial proposal to tax all goods and services coming into the United States has a better chance of becoming law than many on Wall Street suspect. A Review of 2016 in Accounting: An Expert View (Accounting Web) - With 2016 winding down, a panel of five top influencers in the accounting profession from across the globe recently discussed the big trends, takeaways, and learnings from this year, and looked ahead at what the industry can expect in 2017. Taxation Accounting/Audit Business News | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Top 10 Reasons Accountants Are Cooler than you Think   |