October 1, 2022

Accounting News Roundup: Married Filing Jointly, and Jointly, and Jointly; Trading Vibrators for Tax Debts; Harsh Working Conditions| 09.26.14

L-3 reveals more accounting problems, revisions [MW]
Well that blows: "L-3 Communications Holdings Inc. on Friday revealed more accounting problems and revisions to prior results as the company found material weaknesses in its internal financial controls. The defense contractor said it will amend its annual report for 2013, as well as its results for the first quarter of this year. Additionally, the company said it is retraining staff on financial-management measures while expanding compliance testing for its internal controls."

Does the IRS recognize plural marriage? [WaPo]
It's totally the gays fault if they do.

Paul Krugman's Interesting Semantic And Statistical Dodge On Tax Rates [Forbes]
Picking those nits: “Taxes on income” are a different thing from “income taxes”

How To Negotiate Your Way To Loving Your Job (Without Ever Mentioning Money) [Fast Co]
They make it sound so easy.

Sex toys to be auctioned to pay business’s delinquent Kansas taxes [Kansas City Star]
Don't freak, they're new: "Kansas tax revenues could get a boost with the sale of remote-control vibrating thongs and other sex toys. Thousands of adult novelty items, from lingerie to handcuffs, are for sale in an online auction as a result of a failure of a chain of erotic stores to pay state sales, income and withholding taxes."

U.S. SEC wins hundreds of millions in Wyly fraud case [Reuters]
JACKPOT! U.S. District Judge Shira Scheindlin in New York ruled that the Wyly brothers must pay $187.7 million in disgorgement and an undetermined amount of interest that she estimated would increase the total to between $300 million and $400 million. The "staggering" amount, she noted, is equal to about 10 percent of the total SEC enforcement awards in 2013.

Man Beheads Coworker in Oklahoma Factory Attack [Gawker]
And you thought your workplace was hostile.

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