BNN Newsletter

BNN Newsletter April 2012

Inside this issue:

• Proposed Changes to Internal Control Guidelines
• The Importance of Updating Wills, Retirement Account Beneficiaries, and Life Insurance Policies

BNN Newsletter March 2012

Inside this issue:

• Spring Cleaning: How Long Should Tax Returns and Records Be Retained?
• Paying the IRS with Plastic
• The FDIC Offers More Guidance on Loan Losses and Problem Loans
• Agreement Reached on Physician Payment Fix
• IRS Launches New Online Tool for Obtaining Information Regarding Exempt Organizations
• Update on Recent Changes in Tax Capitalization Rules
• Pine Tree Zones should not be overlooked

BNN Newsletter February 2012

Inside this issue:

• FASB Requires Changes to Comprehensive Income Reporting
• Long Term Care Insurance: Don’t Be Surprised By Taxes!
• Maine State Alzheimer’s Task Force Update
• Employee Benefit Plan Sponsors: Are You Ready For The New Fee Disclosure Regulations?
• Maine’s Charitable Contributions Act: Be Sure Your Good Deeds Remain Unpunished!
• Charity Care Reporting Requirements

BNN Newsletter January 2012

Inside this issue:

• New Offshore Voluntary Disclosure Initiative
• New IRS Reporting Requirement for Corporate Distributions, Stock Splits & Acquisitions
• New Tax Rules Have Dramatic Impact on Deduction vs. Capitalization Analysis
• Independence at Home Demonstration Program
• Accounting Changes Coming in 2012

BNN Newsletter December 2011

Inside this issue:

• IRS Announces Two-Month Suspension of E-Filing for Form 990 Filers and Offers Automatic Extension
• Form 1099 Update – Rules are Relaxed for Rental Activity and Purchase of Goods

BNN Newsletter November 2011

Inside this issue:

• New U.S. Reporting Requirements for those with Foreign Financial Accounts in Excess of $50,000
• Corporate Compliance Update - 2012
• Possible Elimination of Increased Gift Tax Exclusion – What’s a Taxpayer to Do?