Month: March 2022

• Bookkeeping March 25, 2022

While some states may require reporting according to ASC 958, the IRS doesn’t. However, a Form 990 return prepared according to ASC 958 will be acceptable to the IRS. For purposes of Schedule F (Form 990), Statement of Activities Outside the United States, include grantmaking, fundraising, unrelated trade or business, program services, program-related investments, other...

• Bookkeeping March 18, 2022

When COVID-19 shut down the casinos and hotels of Southeast Asia, organized crime syndicates turned them into fraud operations staffed with people smuggled into the region. People who were trafficked say they were lured with online job ads that promised high salaries and nice perks, but once at their “new job,” they were forced to...