In the blogs: Extender exasperation

He who must be named; what’s changing and what isn’t; spins of the Coin; and other highlights from our favorite tax bloggers.


Noble Group holder attacks ‘shocking’ loss as dispute flares

One of Noble Group Ltd.’s largest shareholders has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on investors to agree to a controversial debt-for-equity rescue plan that it opposes.


IRS starts giving tax refunds to taxpayers claiming EITC and ACTC

The Internal Revenue Service is beginning to release tax refunds for taxpayers who claim the Earned Income Tax Credit or the Additional Child Tax Credit after subjecting their tax returns to some extra scrutiny.


AICPA and NASBA sign pact with Scottish accountants

The American Institute of CPAs and the National Association of State Boards of Accountancy have signed a mutual recognition agreement with the Institute of Chartered Accountants of Scotland to provide a streamlined process for accountants to practice in each other’s country.


Art of Accounting: Revenue from tax clients

Every client, from the largest to smallest, pays part of your salary, so every client should be treated with respect, care and importance.


Most companies are struggling with new lease accounting standard

While 75 percent of companies find the FASB standard more complex than expected, only one third have sought out software to address the challenge.


GE revamps board, adding former FASB chair Leslie Seidman, as CEO asks investors to look past troubles

General Electric Co.’s boss wants investors to know that all the negative headlines dogging the manufacturer don’t tell the whole story.


Selecting lease accounting software — what to consider

New FASB guidelines have made selecting and using accounting software more important than ever. Here’s how to choose.


N.J. Senate supports property tax as annual charitable write-off

New Jersey took the first step toward allowing residents with the nation’s highest property taxes to circumvent a new federal limit on state and local tax deductions.


AICPA plans to update SSARS

An omnibus revision to the Statement on Standards for Accounting and Review Services will come out after tax season.