Accounting News Roundup: IRS Might Still Have Your Refund; Deloitte Expecting the Worst from the PCAOB; The Big 4 Tipping Point | 12.01.11
IRS Stuck with $153.3M in Undelivered Tax Refunds [AT]
In what has turned into an annual ritual for the service, the IRS said it has a fortune waiting in its coffers that could not be delivered to taxpayers because of mailing address errors. Taxpayers can still claim their refunds, though, and can probably use a little help from their accountants. The average size of an undelivered refund check this year is $1,547, which makes a nice stocking stuffer for the holidays.
Accountant: Bills for library maintenance ‘didn’t pass the smell test’ [