September 24, 2022

Accounting News Roundup: Chiquita Splits a Deal; IRS and Civil Forfeiture; Catch Up on Tax Cases | 10.27.14

Chiquita and Brazilian Group Announce Takeover Deal for Banana Producer [DealBook]
After rejecting Fyffes on Friday, Chiquita hooks up with Cutrale Group and Safra Group.

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required [NYT via Tax Update]
Civil forfeiture is becoming a problem: "[T]he Institute for Justice, a Washington-based public interest law firm that is seeking to reform civil forfeiture practices, analyzed structuring data from the I.R.S., which made 639 seizures in 2012, up from 114 in 2005. Only one in five was prosecuted as a criminal structuring case."

Breaking: technology can be useful:

The Top Ten Tax Cases (And Rulings) Of 2014: #9-Tax Court Further Muddies The 'Dealer Versus Investor' Issue [Forbes]
You owe Tony Nitti a favor seeing how he's done all tax case homework for you. 

Here's LeVar Burton Reading Go The Fuck to Sleep [Gawker]
Reading Rainbow — back and better than ever.

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