ABP #105 - Revenue Recognition for Multiple Deliverable Arrangements


John Carroll University's Professor Jerry Weinstein discusses recent changes in the standards for multiple deliverable arrangements.



* This article was originally published here Check out https://www.johannakimball.com

Comments

Post a Comment

Popular posts from this blog

EU-U.S. carbon tax proposed by German Greens to restore alliance

EU-U.S. carbon tax proposed by German Greens to restore alliance The Latest     •     January 25, 2021, 5:10 pm Europe and the U.S. should jointly adopt a carbon tax on imports as a means to promote low-emission production globally, according to the leaders of Germany’s Greens, the country’s No. 2 political… Rethinking your firm in 2021 The Latest     •     January 25, 2021, 3:02 pm With the pandemic shaking things up, now is a great time to reexamine your practice, and Amanda Aguillard of Elefant Training and Accounting Salon offers a guide to what the firm of the future can… Unlocking your accountancy firm's brand identity with archetypes AccountingWEB     •     October 27, 2021, 10:21 am Practice strategy Tags Marketing Check out https://www.johannakimball.com
Read more

How to File a 1099-K on TaxAct

Image
Did you receive a 1099-K tax form this year? If you’ve never seen this form before and are unsure what to do with it, don’t freak out — we can help you understand your Form 1099-K and guide you through reporting any necessary income. How do I use my 1099-K when filing my tax return? TaxAct ® takes accurate tax reporting seriously. That’s why we’ve spent much time and care optimizing our 1099-K reporting this year. We’ve added more detailed questions about what your 1099-K was for so we can help pull the proper tax forms for you. First, we’ll ask you for information about what types of income you’ve earned this year: As you can see from the screenshot above, Form 1099-K appears in more than one place — typically, this form is used for those who are self-employed, operate a side hustle, or sell personal items online. You could also receive a 1099-K for real estate rentals and royalties or farming. If you received a 1099-K for goods you sold as a hobby, there is also a third opti...
Read more