In May, millions of Americans who depend on Supplemental Security Income (SSI) will experience a financial boost as they receive two payments instead of the usual one. The first payment was issued on ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Our Federal Tax Group discusses the tax treatment of deferred revenue or advance payments in M&A transactions. The tax treatment of deferred revenue differs from the treatment for financial accounting ...

The Centers for Medicare & Medicaid Services (CMS) announced on Sunday that it immediately is suspending its Advance Payment Program to Part B suppliers and reevaluating all pending and new ...

n IRS proposed revenue procedure will allow certain taxpayers using the accrual method of accounting to defer inclusion of specified advance payments in gross income. CPAs should examine notice ...

Two sets of proposed Treasury regulations issued on Thursday provide new rules on how taxpayers treat income from advance payments under new book-tax conformity rules. One set of proposed regulations ...