“[E]liminate all use of off-balance sheet accounting–for any use whatsoever. Everything must be on balance sheet.”
~ Harry Markopolos, on one aspect of financial reform.
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Maybe Asking Tax Preparers to Post Grades in Their Windows Would Work?
“Taxpayers need to be able to distinguish between the professional capabilities and education of the different groups of tax preparers.”
~ Patricia Thompson, vice chair of the AICPA’s Tax Executive Committee
The IRS Outreach to Nonprofits Didn’t Go So Hot
“The IRS has conducted an unprecedented outreach effort in the tax-exempt sector on the 2006 law’s new filing requirements, but many of these smaller organizations are just now learning of the May 17 deadline.”
~ Doug Shulman, IRS Commissioner
Why Would Someone Want to Buy a Sports Franchise?
“Because of the way the value of sports franchises generally appreciates each year in the marketplace, each owner is in it for the holy grail, and that is to sell the team eventually when they realize very nice capital gains.”
~ Brian Beerman of Beerman, Piper & Associates LLP insists that championships are NBD.