AICPA questions goodwill impairment model in letter to FASB

The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model.

SEC replaces PCAOB board member with White House aide

The Securities and Exchange Commission has named Rebekah Goshorn Jurata, a special assistant to the president for financial policy on the White House’s National Economic Council.

IRS revises Form 1040 schedule to ask about virtual currency

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

Better client meetings: Summary letters are a game changer

You and your client both invested your most valuable resource — time — into a meeting. Don’t drop the ball now.

Firms on the move: UHY opens Long Island office

AICPA announces 36 Leadership Academy grads and grants 25 fellowships to minority students; RKL and Baker Tilly named Best Places to Work in Pennsylvania; and more CPA news.

People on the move: Andy Armanino named Moore Global chairman

BKD names three office managing partners; LBMC appoints SALT leader; and more personnel news.

The limited scope of IRS Revenue Ruling 2002-83

Section 1031 exchanges involving related parties present some of the most complex problems in tax law.

Product news: reaches 137 countries, adds former Intuit exec to board

Paychex wins HR tech award, and TripIt is now available for Mac users.

Firms giving back: GSCPA donates over 774K meals via annual 'Food Fight'

EY holds its annual philanthropic Connect Day; and other charitable initiatives from firms across the country.

Tax Fraud Blotter: Methy business

Everybody out of the Pool; dying Embers; the House falls; and other highlights of recent tax cases.