The FASB issued proposed amendments intended to improve standards for financial statement presentation by not-for-profit organizations. To review these amendments, visit the FASB Web site. The comment period ends August 20, 2015.
Getting beneficiary designations wrong can have negative consequences for the people and entities the account owner intended to benefit. It’s essential to understand what those consequences are and the options available to get them right.
Controlled foreign corporations held by US partnerships and S corporations may face drastic changes to reporting requirements following final GILTI regulations.