@tax
news.bloombergtax.com US Accounting Board Removes Goodwill Project After Divided Votes The US accounting board halted its project to tweak how companies measure their goodwill, an intangible asset that gets recorded when one company buys another. 
news.bloombergtax.com NYC Council to Grant Property Tax Break to Disabled Veterans The New York City Council will pass legislation this week exempting thousands of disabled veterans from paying property taxes on their primary residences, Council Speaker Julie Menin said Wednesday. 
news.bloombergtax.com Puerto Rico Government Auditing Wealthy Individuals’ Tax Grants The Puerto Rican government is auditing valid tax grants that exempt wealthy individual investors from taxes on interest and dividends to ensure grantees are meeting annual reporting requirements. 
news.bloombergtax.com New Law Making IRS Specify Tax Errors Needs a Correction Clock A 2025 law that requires the IRS to provide more information on math error notices to taxpayers should be amended because it doesn’t include errors made by third parties, such as an employer, bank,... 
news.bloombergtax.com IRS to Soothe Path for Tax Pros to Obtain Power of Attorney The IRS wants to make it easier for tax professionals to get consent from taxpayers so they can represent them before the agency, the taxpayer advocate said. 