Since 2018, taxpayers subject to a Sec. 163(j) limitation that file in states with related-party interest add-back rules must calculate and track the amount of Sec. 163(j) deferred interest expense that is related party.
Grimsrud has held several senior management positions in finance at the company since joining in 2012.
Many opportunities at work and in life fall by the wayside because people are afraid to seize them. In this podcast recorded at AICPA ENGAGE, learn how to conquer fears that keep you from reaching your potential.
The AICPA Professional Ethics Executive Committee has issued two revised interpretations. One interpretation clarifies auditors' independence responsibilities related to affiliates of state and local government entities that are financial statement attest clients, and the other addresses provision of information systems services to attest clients.