The Progressive Accountant

Returns Filed Edge Closer to Last Year

The results of return filing for the tax season through March 22 resumed closing the gap on last year’s season through March 23, 2018. While the average return continue to change little, the number of returns received gained on the prior season.

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Bloomberg Updates Advantage Leased Assets

Bloomberg Tax Technology has updated its ASC 842 compliance system, Advanced Leased Assets. Among enhancements are customized, flexible lease payment schedules.

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IRS Revises EIN Application Process

The Internal Revenue Service has revised the process for applying for an Employer Identification Number. Starting May 13, only individuals with tax identification numbers can request an EIN as the responsible party on the application.

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