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News Releases

Lessors on the lookout with new lease accounting standards

By Rick Daubenspeck, Managing Director – Tangible Assets – Valuation & Business Analytics, BDO USA, LLP Early in 2016, the Financial Accounting Standards Board (“FASB”) issued a Finance Accounting Standard Update (“Topic 842”), ushering changes to how leases will...

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Court upholds taxpayer win in Grecian magnesite case

On June 11, 2019, the D.C. Circuit Court of Appeals affirmed the Tax Court’s decision in Grecian Magnesite Mining, Industrial & Shipping Co., SA v. Comm’r, 149 T.C. No. 3 (2017), which held that gain recognized by a Greek corporation on the redemption of its U.S....

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Treasury issues Section 956 final regulations

Summary Recently, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) issued final regulations that reduce the amount determined under Section 956 with respect to certain domestic corporations. The final regulations affect certain...

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Adams and Coburn promoted from within

MIDDLETOWN, N.Y. (June 26, 2018) – The partners of Judelson, Giordano & Siegel elected to promote two seasoned staff members in the latter weeks of June. Kimian Adams rose to senior accountant and Christian Coburn rose to manager. The promotions were effective as...

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JGS speaks to beer distributors about the case equivalent

AUSTIN, TEXAS – JGS gave back-to-back lectures about financial statements at the National Beer Wholesalers Association conference on Monday, August 6. The Next Generation Success in Leadership Conference, titled after its target audience, was held in Austin, Texas from August

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JGS, CPA joins the BDO Alliance USA

MIDDLETOWN, N.Y. – Judelson, Giordano & Siegel, CPA, PC has joined the BDO Alliance USA, a nationwide association of independently-owned local and regional accounting, consulting and service firms with similar client service goals. As an independent member of the BDO

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