_39judge-jury-and-lord-high-executioner39-john-barrasso-slams-irs39s-direct-file-pilot-program.jpg "'Judge, Jury And Lord High Executioner': John Barrasso Slams IRS's Direct File Pilot Program from cit finance center number of floors Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 5:34
👁 View: 5K times
✓ Published: 25-Apr-2024
👁 View: 5K times
✓ Published: 25-Apr-2024
Description:
During last Tuesday's Senate Finance Committee hearing, Sen. John Barrasso (R-WY) questioned IRS Commissioner Daniel Werfel about the direct filing pilot program and the impacts on private businesses.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
During last Tuesday's Senate Finance Committee hearing, Sen. John Barrasso (R-WY) questioned IRS Commissioner Daniel Werfel about the direct filing pilot program and the impacts on private businesses.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_dan-sullivan-questions-irs-commissioner-danny-werfel-about-direct-filing-system.webp "At a Senate Finance Committee hearing prior to the Congressional recess, Sen. Dan Sullivan (R-AK) questioned IRS Commissioner Danny Werfel about the direct filling system.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
_who-is-peter-joseph-2009.webp "Peter Joseph’s documentary is not just a film; it’s a journey through the myths and beliefs that shape our society. But wait, let me tell you something – this isn’t your typical documentary. It’s a thought-stirring exploration that challenges viewers to question the world around them. And how does that work? By presenting a series of provocative ideas about religion, finance, and power structures that govern our world.")
_flexible-payment-options-124-lahore-smart-city-124-ease-financial-burdens.webp "Discover how Smart City is revolutionizing payment options for its members and sales partners. Learn about deferred development costs, bi-monthly installment plans, and exclusive discounts for upfront payments. Don't miss out on the chance to ease your financial burdens and secure your dream property. Watch now to find out more!<br/><br/>Capital Smart City<br/>Payment options<br/>Flexible financing<br/>Development costs<br/>Installment plans<br/>Bi-monthly payments<br/>Discounts<br/>Upfront payments<br/>Financial burdens<br/>Property allocation<br/>Deadline<br/>Clearance of installments<br/>Location cancellation<br/>Members<br/>Sales partners<br/>Real estate<br/>Investment<br/>Smart Villas<br/>Villas Apartments<br/>Property development")
_how-to-working-with-leases.webp "Working with leases involves several steps, whether you're a lessor (the owner of the asset being leased out) or a lessee (the party leasing the asset). Here's a general guide:<br/><br/>For Lessors:<br/><br/>Identify Lease Arrangements: Determine which contracts in your business involve leases. A lease is defined as a contract, or part of a contract, that conveys the right to use an asset for a period of time in exchange for consideration.<br/>Classify Leases: Classify each lease as either a finance lease or an operating lease. This classification depends on factors such as whether the lease transfers ownership of the asset to the lessee by the end of the lease term, whether the lease term is for a major part of the asset's economic life, and whether the present value of the lease payments equals or exceeds substantially all of the fair value of the asset.<br/>Recognize Lease Income: For operating leases, lessors recognize lease income over the lease term, typically on a straight-line basis unless another systematic basis is more representative of the pattern of benefits to be derived from the leased asset.<br/>Accounting for Finance Leases: If a lease is classified as a finance lease, the lessor recognizes a lease receivable representing its right to receive lease payments, and the underlying asset is derecognized from the lessor's balance sheet. The lessor recognizes interest income over the lease term and any residual asset or residual value.<br/>Disclosure: Disclose relevant information about lease arrangements in the financial statements, including the nature and timing of lease payments and any significant leasing arrangements.<br/>For Lessees:<br/><br/>Identify Lease Arrangements: Determine which contracts in your business involve leases, similar to lessors.<br/>Classify Leases: Classify each lease as either a finance lease or an operating lease. This classification follows similar criteria as for lessors.<br/>Recognize Lease Liability and Right-of-Use Asset: For finance leases, lessees recognize a lease liability representing their obligation to make lease payments and a right-of-use asset representing their right to use the leased asset.<br/>Accounting for Operating Leases: For operating leases, lessees recognize lease payments as lease expense on a straight-line basis over the lease term unless another systematic basis is more representative of the pattern in which the lessee consumes the benefit derived from the leased asset.<br/>Disclosures: Disclose relevant information about lease arrangements in the financial statements, including the nature and timing of lease payments, significant leasing arrangements, and the maturity analysis of lease liabilities.<br/>Throughout the process, it's important to adhere to relevant accounting standards, such as the International Financial Reporting Standards (IFRS 16) or the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 842, depending on the jurisdiction and regulatory requirements. Additionally, it's advisable to con")
_fomc-meet-u-s-federal-reserve-holds-key-interest-rate-124-ndtv-profit.webp "U.S. #FederalReserve keeps key interest rates unchanged for the sixth straight time.<br/><br/><br/>Chairman #JeromePowell addresses the media after the #FOMC meet decision.<br/>_______________________________________________________<br/><br/><br/>For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia<br/>Visit NDTV Profit for more news: https://www.ndtvprofit.com/<br/>Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports<br/>Follow NDTV Profit here<br/>Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit<br/>LinkedIn: https://www.linkedin.com/company/ndtvprofit<br/>#ndtvprofit #stockmarket #news #ndtv #business #finance #mutualfunds #sharemarket<br/>Share Market News | NDTV Profit LIVE | NDTV Profit LIVE News | Business News LIVE | Finance News | Mutual Funds | Stocks To Buy | Stock Market LIVE News | Stock Market Latest Updates | Sensex Nifty LIVE | Nifty Sensex LIVE")
_ministry-of-finance-releases-monthly-economic-outlook-report.webp "Ministry of Finance releases monthly economic outlook report")
_james-lankford-discusses-importance-of-agency-reviews-with-irs-commissioner-danny-werfel.webp "At a Senate Finance Committee hearing prior to the Congressional recess, Sen. James Lankford (R-OK) questioned IRS Commissioner Danny Werfel about reviews for his agency.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 6:13 ✓ 30-Apr-2024
_ben-cardin-questions-irs-commissioner-danny-werfel-about-nil-implications-for-student-athletes.webp "At a Senate Finance Committee hearing prior to the Congressional recess, Sen. Ben Cardin (D-MD) questioned IRS Commissioner Danny Werfel about NIL rights for student athletes.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com")
⏲ 5:6 ✓ 30-Apr-2024
_dan-sullivan-questions-irs-commissioner-danny-werfel-about-direct-filing-system.jpg)
_who-is-peter-joseph-2009.jpg)
_flexible-payment-options-124-lahore-smart-city-124-ease-financial-burdens.jpg)
_how-to-working-with-leases.jpg)
_fomc-meet-u-s-federal-reserve-holds-key-interest-rate-124-ndtv-profit.jpg)
_ministry-of-finance-releases-monthly-economic-outlook-report.jpg)
_james-lankford-discusses-importance-of-agency-reviews-with-irs-commissioner-danny-werfel.jpg)
_ben-cardin-questions-irs-commissioner-danny-werfel-about-nil-implications-for-student-athletes.jpg)
![[+]](/images/menu.gif){kind=small}