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Footnotes: Phil’s Hat Still Wants Kids to Read; Cockroaches?; $3 Trillion in Taxes WOO! | 11.15.13

Posted on by Adrienne Gonzalez

IRS to probe US taxpayer records with Caribbean Offshore Bank accounts United States district court has authorised the Internal Revenue Service (IRS) to issue summons for US taxpayers records with Offshore Bank accounts in the Caribbean. The US Justice Department said that US District Judge Richard M Berman of the Southern District of New York has authorized the IRS to issue summonses requiring Mellon, Citibank, JPMorgan Chase Bank NA (JPMorgan), HSBC Bank USA NA (HSBC), and Bank of America NA (Bank of America) to “produce information about US taxpayers who may be evading or have evaded US federal taxes by holding interests in undisclosed accounts”. [Jamaica Observer]

Jon Weil wonders out loud if there are cockroaches under Tesla's hood [Bloomberg]

Sucks to be a tax collector in Europe these days [NYT]

Phil Mickelson's hat is highly concerned about low income kids and literacy, you guys! [Twitter]

If you like your insurance plan, you can keep it. And for real this time. [USA Today]

Federal tax revenues will top $3 trillion for the first time in the nation’s history in fiscal 2014 [CNSNews]

More on Italy's accusation that Apple is dodging taxes [Forbes]

An interesting case of a tax dodger, who is headed to prison now (shock, I know) [TribLive]

The Idaho Dept of Labor has picked a CPA to run their show [MagicValley.com]

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Footnotes: Thomson Reuters Chillin With EY; LOL IRS Vendors Owe Taxes; BKD’s Fraud Problem With the FDIC | 12.17.13

Thomson Reuters is selling part of themselves off to EY, this is cozy and cool […]

Ironic Photo of the Day: Paperless Audit Edition

A friend of GC passed along the following photo:
paperless.jpg
Telling us: “This is our paperless audit training. An associate had to print out 46 copies. He stayed late on Friday and used three printers.”
Oh the humanity.

Will Tim Flynn and Phil Mickelson Have to Cancel Their Sweater Vest Exchange?

Thumbnail image for mickflynnsanta.jpgWho knows if there is such a glorious event but if there is would TF put the kibosh on it to set a good example?
Since Deloitte is opening up the cafeterias and training rooms (Boston is up Friday!) and E&Y FSO is getting down at TOTG this may inspire the less fortunate of you to take matters into your own hands.


If, that is, your firm doesn’t wag their finger at you first. According to John Carney over at Clusterstock (via JDA) Team Jehovah has explicitly told (via voicemail) its angels to NOT have Christmaskuh parties in their homes:

The firm has canceled its annual holiday party, just as it did last year. It also instructed the smaller business units that they should not organize their own smaller parties, which had been a long tradition at the firm. The parties are banned even if no firm money goes to pay for them.
But Goldman employees were surprised to hear that even parties within private homes fall under the ban. The firm apparently believes that it would be inappropriate for its employees to be seen partying while the economy is still so shaky and unemployment is so high.

We realize that accounting firms aren’t quite as high on Heaven’s org chart but it’s entirely possible that your office could follow suit. Celestial hierarchy and all.
We’re inclined to believe that TF will do what’s best for the firm but canceling a time honored exchange of sweater vests — with a golfer that can keep it in his pants — would be a tough decision.