• How to Audit-Proof Your Tax Return: Don’t e-File – Those IRS reviewers aren’t too keen on looking at numbers on paper. [TaxProf Blog]
• Unemployment in U.S. Jumps to 10.2%, Payrolls Fall by 190,000 – Double digits for the first time since ’83 [Bloomberg]
• AIG posts second consecutive quarterly profit – $455 million is not going to cut it. Step it up AIG. [Reuters]
• Inside-Trade Probe Snares ‘Octopussy’ – Whew. Without nicknames, this story wouldn’t be taken nearly as seriously. [WSJ]
Related Posts
Preliminary Analytics | 12.07.09
• Taking Tiger By the Tax Tale – Two things are for sure, Elin will come out of this thing just fine and Uncle Sam will certainly be looking for his cut. [Tax Girl]
• Fresh Pay Skirmish Erupts at AIG – Pseudo-government employees continue to threaten to jump ship if their civic-duty comp is cut too much by the pay master. [WSJ]
• Going to School on Revenue Recognition – Tom Selling digs into Apollo Group, Inc.’s (parent of University of Phoenix) SEC filings to try and figure out what the Commish might be interested in. [The Accounting Onion]
• Bloomberg eyes more acquisitions – In its quest for world domination of financial information, the ‘Berg is “planning a further year of aggressive investment and may make more acquisitions”. [FT]
Preliminary Analytics | 11.04.09
• Buffett Joins Goldman in Bid for Fannie Mae Tax Credits – “The credits are virtually worthless to Fannie Mae and require the company to take losses each quarter as their value declines. Companies such as Berkshire Hathaway and Goldman Sachs could use them to offset federal tax expenses.” Who doesn’t hate seeing good tax credits go to waste? [WSJ]
• Congress Poised to Keep Homebuyers’ Tax Credit – Despite toddlers’ insistence of homeownership and widespread SNAFUs, the bill could pass as early as today. [NYT]
• AT&T sues Verizon – AT&T doesn’t think the map commercials are funny or accurate. [NYP]
• ‘Osama’ Funding Appeals as U.S. Independent Filmmakers Hurt – Desperate times, right? Just so long as you don’t have any political aspirations. [Bloomberg]
• Surprise! NJ Doesn’t Like High Taxes – “New Jersey holds the distinction of the state with both the highest property taxes per capita and the worst business tax climate in the nation, according to the Tax Foundation.” [Tax Girl]
• Fears of a New Bubble as Cash Pours In – “Behind the trend are measures such as cutting interest rates and pumping money into the financial system, which have left parts of the world awash in cash and at risk of bubbles, or run-ups in asset prices beyond what economic fundamentals suggest are reasonable.” [WSJ]
Preliminary Analytics | 01.13.10
• SEC to Name Investigative Chiefs – Robert Khuzami will name the five new members of the dream team are expected to be named at a press conference today. [WSJ]
• California Creditors See IOUs With Schwarzenegger Missing Obama – Those ‘skinny legs’ and ‘scrawny little arms’ comments are really working so well for Arnie. [Bloomberg]
• Panel Seeks ‘Accountability’ In Financial Crisis – Once Phil Angelides (and others) get to the bottom of this, “There’s a need for accountability and responsibility” said Angelides, the blame will be official. That will be comforting for everyone. [NPR]
• Questions for the Big Bankers – From some experts the NYT picked. The word “bonus” or “bonuses” appears ten times. [NYT]
• Google Threat Jolts Chinese Internet Industry – Google has had it up to here (hand to forehead at least) with the censorship and is threatening to pull the plug altogether. [WSJ]