At the same time, the practitioner may be in a position to help the administrators, by recommending improvements to their Form 1098-T reporting for
As written, the temporary regulations require reporting for
many routine and recurring commercial transactions.
* On-line interactive query/sort capability with sophisticated query build screen and custom reporting for
viewing or downloading data.
This also means that tax professionals will be empowered to sort through the information of their companies more quickly and effortlessly, to determine the best methods of preparation and reporting for
The published data, therefore, do not necessarily represent complete 12 months, or four quarters, of reporting for
every agency listed.
The reporting for
the latter type of potential liability will be addressed when the FASAB completes standards for Social Security.
According to the GAO, one means of reducing that risk would be legislation to require management and auditor internal control reporting for
all public companies similar to that required of banks and savings and loans by the Federal Deposit Insurance Corporation Improvement Act.
* The change in reporting for
gains and losses should not affect other supplemental schedule requirements.
Further, we question whether such detailed property-by-property reporting is necessary since the disposition of excluded property affects only the surplus accounts and, with respect to non-excluded property, the reporting requirement duplicates reporting for
foreign accrual property income.
115 so readers can compare and contrast the accounting and reporting for
investments of for-profit organizations and NPOs.
Improved financial reporting for
the benefit of investors and enhancement of the value of the independent audit as a means to assist directors in fulfilling their corporate governance responsibilities were the primary objectives.
The key elements of the proposal are these: (i) the current (general) exemption from information reporting for
payments to corporate service providers would be lifted, but (ii) the IRS would retain authority to exempt certain types of payments or types of payees where exemption would not undermine compliance.
14, Financial Reporting for
Segments of a Business Enterprise,, in 1976.
93-1, Financial Accounting and Reporting for
High-Yield Debt Securities by Investment Companies, provides guidance on interest income recognition for certain types of these securities and two accounting issues relating to defaulted debt securities (capital infusions and workout expenses paid by bondholders).
The FDIC Improvement Act requires such reporting for
federally insured banks and thrifts with assets of $150 million or more for fiscal years beginning after December 31, 1992.