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February 1, 2023

Accounting News Roundup: Loophole Hunting, The Worst Job in Tech, The Accountant = Batman? | 12.28.17

Ed. note: ICYMI, we’re taking a breather this week, but there will be the occasional year-end listicle, and Open Items stands ready for your questions. Drop us tips and links at [email protected].

In a Complex Tax Bill, Let the Hunt for Loopholes Begin The Internal Revenue Service had to warn retailers that cutting keys doesn’t make you a manufacturer. Neither does mixing paint, putting plants in the sun to grow or writing “Happy birthday” on a cake you didn’t bake. [NYT]

Tax Bill Forces Barclays to Take $1.2B Charge [CFO]

Sparkling Wine Producers Look Forward to Ringing in the New Year with Tax Cuts [BNA]

Florida, Texas may attract athletes after tax law change [WaPo]

Prepaid Real Property Taxes May Be Deductible in 2017 if Assessed and Paid in 2017 [IRS]

Ex-lawyer for pharma exec Shkreli convicted of aiding fraud scheme [Reuters]

The Worst Job in Technology: Staring at Human Depravity to Keep It Off Facebook [WSJ]

Thanks to Marc Cohodes, We’re Back to the Bad Old Days at Overstock.com [Sam Antar/WCF]

John Mayer theorizes that The Accountant is a Batman origin story [EW]

#TrumpDog [Qz]

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