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Accounting News Roundup: Looming Estate Tax Has Some Weighing Their Options; BDO to Question Forensic Accountant in Bankest Retrial; Continuing Troubles at Overstock | 11.01.10

US rep.: Estate tax rise has some planning death [AP]
U.S. Rep. Cynthia Lummis says some of her Wyoming constituents are so worried about the reinstatement of federal estate taxes that they plan to discontinue dialysis and other life-extending medical treatments so they can die before Dec. 31.

Did Obama Really Cut Small-Business Taxes 16 Times? [You’re the Boss/NYT]
A little fact checking of the President’s tax cut rhetoric.

BDO to question Freeman about fraud in E.S. Bankest retrial [SFBJ]
Former court-appointed receiver and convicted fraudster Lewis B. Freeman can be questioned under oath about how his crimes may have influenced his testimony in a 2007 court case against Miami-based accounting firm BDO Seidman.

First congressional face-off of new year could be over tax cuts [On the Money/The Hill]
A day before the midterm elections and two weeks before lawmakers return to Washington for a lame-duck session, two leading theories have emerged on what will happen on tax cuts — either all of them will be extended for at least a year, or nothing will happen.

Finance hiring heads into the black for first time since 2009 [SJBJ]
The increase in demand for accounting jobs could be a sign that the job market there may be improving.

Bosses Overestimate Their Managing Skills [WSJ]
A new survey of 1,100 front-line managers suggests many are over-estimating their skills, with surprisingly little self-doubt. Seventy-two percent said they never questioned their ability to lead others in their first year as a manager.

More Trouble for and Patrick Byrne after Dismal Third Quarter Report [White Collar Fraud]
Not to mention a lawsuit related to the bankruptcy related to Petters Company, Inc.

‘Alcohol most dangerous drug to society’ – Prof Nutt [BBC]

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