Who Must File Schedules K-2 and K-3?

New partnership and S corporation taxpayer forms create havoc and confusion In 2021, the Internal Revenue Service (IRS) issued new schedules K-2 and K-3 for 2021 partnership and S corporation…

IRS QR Codes Help Taxpayers Resolve Tax Matters

…for the first time, the Internal Revenue Service (IRS) is adding QR technology to notices sent to millions of taxpayers. Notices CP14 and CP14 IA, which inform taxpayers that they…

Accounting for Cryptocurrency: Guidance for Nonprofits

…(Subtopic 350-60) ASU 2023-08 gives specified guidance for subsequent measurement, presentation and the disclosure of crypto assets to increase transparency. Initial measurement, recognition, and derecognition of crypto assets remain in…

Richmond Music Scene Nationally Recognized

…should come as no surprise that Richmond would continue to gain national recognition for it’s benefits of visiting, living, and working in the city. Excerpt: “We’ve got Spacebomb Records, GWAR,…

Greg Saunders Honored with AICPA Standing Ovation Award

VFS Senior Manager Recognized for Contributions to the Forensic and Valuation Industry During the 2022 American Institute of Certified Public Accountants (AICPA) annual Forensic and Valuation Services Conference, multiple CPAs…