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Footnotes: Hashtag Fraud Hashtag Scam; Gene Simmons Is No Tax Expert; Congressional Wikipedia Trolling | 07.25.14

Posted on by Adrienne Gonzalez

Ed. note: I dunno about you guys but I couldn't be happier this week is over. Thanks for helping out with some good tips this week, meet you right back here first thing Monday morning! Holla if you need us…

Investor Alert: Social Media and Investing — Stock Rumors While social media can provide many benefits for investors, it also presents opportunities for fraudsters. Through social media, fraudsters can spread false or misleading information about a stock to large numbers of people with minimum effort and at a relatively low cost. They can also conceal their true identities by acting anonymously or even impersonating credible sources of market information. [Investor.gov]

New IRS Form Proves Obama Lied About Individual Mandate Tax Consider the source and proceed accordingly [Americans for Tax Reform]

A couple Deloitte partners are in trouble [economia]

Gene Simmons Should Stick to Breathing Fire on Stage Again, consider the source and proceed accordingly [CTJ]

Generating social business value across the enterprise blah blah blah [Deloitte U Press]

So you’re the world’s greatest trader? Taxes will fix that. Just stick to your mattress [WaPo]

What the heck is going on with Congress and Wikipedia? [Fast Co.]

Related Posts

Bob Herz and Jim Kroeker Are Avoiding the Convergence Dance

dancing_herz_Kroeker_jpeg.jpgFor the love of everything that is good and holy, would someone like to be the FASB Chairman? Or the Chief Accountant of the SEC?
We realize that they’re both thankless jobs but we need people in there that are going to make some things happen.


After Jim Kroeker said this:

“[T]he boards have agreed that the projects that they’re working on are areas that need improvement, not just under U.S. GAAP but under IFRS, then I think convergence efforts should continue or would continue without an SEC finalization of the roadmap,”

Bob Herz is now saying this:

“[T]he ball is mostly with the [SEC] at this point” … Herz noted the SEC has yet to rule on the “roadmap” for U.S. compliance with IFRS it proposed a year ago.

So, let’s get this straight: JK is said, “You go first.” Now Bob Herz is saying, “No, you go first.” Does anyone want to introduce these two clowns? Are they waiting for knighthood before they move on this?
We suggest that somebody toss Mary Schapiro in there to A) complete the trilogy of stooges and B) so she can bonk their heads together. That might get them motivated.
Herz: U.S. Convergence Ball Is in SEC’s Court [CFO]

Today in IRS Employee Chicanery

IRS_logo-thumb-150x140.jpgYet another example that should cause the IRS to seriously reconsider its employee screening policy, a now-former IRS compliance officer is looking at jail time after he thought it would be okay to swap a bogus audit report for $1,000 and assistance in finding an apartment.
More, after the jump


Web CPA:

[Fernando] Cruz…told the woman he could “fudge” their tax records so they would have less tax liability. Cruz coached the woman on how to answer questions during an upcoming audit appointment…and instructed her to say that she did not have receipts to verify expenses. Cruz also accepted $500 in cash from the woman and was told that he would receive another $500 if he could make their tax liability go away…the woman met with Cruz at his IRS office as planned, and Cruz prepared an IRS income form with the false information she provided. Cruz also mentioned that the woman might assist him in finding an apartment in exchange for his help to the couple on their audit.

Cruz pleaded guilty to accepting a bribe in exchange for preparing a false tax audit report for a taxpayer. He could also probably be found to be so socially awkward that he needs to be banished from society, since asking for a complete stranger’s help in finding an apartment is just plain weird.
Former IRS Employee Pleads Guilty to Accepting a Bribe [Web CPA]