IRS says online FAQs aren’t legally authoritative

The Internal Revenue Service has issued a memorandum for its field examiners instructing them that frequently asked questions and other items posted on the agency’s IRS.gov site that have not been published in the Internal Revenue Bulletin are not considered to be legal authority.


Ryan gives tax-overhaul pep talk amid growing doubts in GOP

Four days before the one-year anniversary of the release of his tax blueprint, House Speaker Paul Ryan delivered a pep-talk seeking to assuage growing doubts about the prospects for a major tax overhaul.


Senate Republicans haven't seen their secret health bill either

Senate Republicans may be asked to vote on a controversial health-care bill as early as next week but most of them haven’t seen the plan and at least half a dozen say they’re not sure they can support it.


No economic hardship relief for corporations

The Tax Court rules that a corporation doesn’t qualify as an ‘individual’ when it comes to tax troubles.


CFOs focusing more on revenue growth vs. cost cutting

Nearly two-thirds of CFOs are highlighting revenue growth as more of a priority over cost-cutting at their companies, according to a new survey.


SOC, meet cybersecurity

The AICPA has revamped its criteria for reporting on an organization’s security risk management program. An independent validation might be the way to go.


NJCPA announces 2017 Diversity & Inclusion Impact class

The New Jersey Society of CPAs honored 27 individuals who advanced innovative efforts in the state.


Thomson Reuters releases Checkpoint Answer Path for state and local tax

The solution provides guidance on tax inquiries input by practitioners who need more information on localized laws.


FloQast raises $25M in Series B financing

The close management software company looks to overseas expansion.


IRS reopens PTIN system

The Internal Revenue Service reopened its Preparer Tax Identification Number system Wednesday after closing it earlier this month because it lost a lawsuit over registration and renewal fees.