This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance on revenue accounting for CU. The ...

The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax ...

During the campaign, President Donald Trump floated an “all tariff policy” to replace the federal income tax. Here’s what ...