The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged. | IRS offers tax relief for student loan debt discharges → | | By Michael Cohn 2 min read | | The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged. | |
| M&A roundup: Double mergers, and more → | | By Michael Cohn | | UHY UHY merged in Pattison, Koskey, Howe and Bucci; MBAF added Kramer & Associates; and Fiondella, Milone & LaSaracina merged in two separate firms. | |
| Expense management vendors unite to form Emburse → | | By Michael Cohn 2 min read | | A group of six travel and expense management software vendors — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — have come together under a single company, Emburse, in an effort to challenge SAP Concur. | |
| FASB clarifies accounting for equity securities → | | By Michael Cohn 2 min read | | The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives. | |
| USC professor honored with AAA 2020 Lifetime Contribution Award → | | By Sean McCabe 2 min read | | Professor S. Mark Young, the George Bozanic and Holman G. Hurt chair in sports entertainment business and professor of accounting at the University of Southern California, was recognized for his contributions to management accounting education. | |
| High-tech taxman who loves hockey is Putin’s new premier → | | By Jake Rudnitsky and Evgenia Pismennaya 3 min read | | Vladimir Putin is putting his trust in an obscure technocrat with little political experience to be prime minister and revive Russia’s flagging economy, as he prepares the country for the most significant constitutional overhaul in a generation. | |
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