News & Resources

Tax and Other Financial Consequences of Tax-Free Bonds

  If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly state) level, there may be tax consequences. Here’s how

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New Accounting Rules for Supplier Finance Programs

  Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that time, you must disclose

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Investing in the Future With a 529 Education Plan

  If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code section that provides for

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National Taxpayer Advocate Issues Midyear Report

  National Taxpayer Advocate issues midyear report to Congress; expresses concern about continued refund delays and poor taxpayer service. National Taxpayer Advocate Erin M. Collins today released her statutorily mandated midyear report to Congress. The report expresses concern about continuing delays

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FASB Proposes Last-Minute Changes to Lease Accounting Rules

  Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect this year. Public entities

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Year-End Tax Planning Ideas for Individuals

  Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first planning steps is to ascertain whether you’ll take the standard

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