For some time, ICPAS has been encouraging members to become informed about blockchain as it may relate to accounting/finance in the future. The very recent announcement by Facebook of its use of Libra, apparently its own digital currency that can be ...

Attached is a listing of all revenue related bills that passed in the Spring Legislative Session along with their effective dates.  You can also access ICPAS Tax Legislative Tracking Reports at http://www.hannah-il.com/Report_Custom.aspx?sid=BJJ0d5Q6GxY%3d&rid=5%2fBIBrFqhvA%3d&oldFormat=False ...

Is the contributor was the sole shareholder then you could classify the addition as additional paid in capital. It would not be income. If there are multiple shareholders and no expectation of payback or compensation in exchange for the capital then it ...