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ON CONGRESSIONAL SUBPOENAS TO ACCOUNTING FIRMS

By: Brian P. Ketcham The CPA Journal July 2019 Edition Recently, a midsize accounting firm that had prepared financial statements and reports for President Donald Trump and various entities associated with him for many years received a subpoena from the House of Representatives Committee on Oversight

FBAR Filing For Non-u.S. Citizens

By: Wilda Lin October 2018 Edition The CPA Journal Reports of Foreign Financial and Bank Accounts (FBAR) have gained prominence since the Department of Justice began investigating the accounts of Swiss banks, starting with UBS almost a decade ago. Who must file FBARs? Many people who

The New “Partnership Representative”

By Megan L. Brackney Journal of Passthrough Entities January – February 2017 Edition Under the new Bipartisan Budget Act of 2015 (the “BBA”), there are significant changes to the partnership audit rules. Like TEFRA, the BBA requires partnership-level resolution of partnership income, gain, loss, deduction, and