Review Comments | 06.25.09

• Ernst & Young acquires tech-consulting firm – “Capital City Technologies will become part of the government and public-sector group of Ernst & Young’s Advisory Practice.” [Washington Technology]
• Kroeker: Keep Converging With or Without Roadmap – Basically what the Chief Accountant is saying is, “Don’t wait up for us. Whatever you decide is fine, unless we don’t like it and then we reserve the right to torpedo it back to the Stone Age.” [Web CPA]
• What Are We – Laborers, Factories, or Spare Parts? The Tax Treatment of Transfers of Human Body Materials – “Of particular significance in this debate is whether human bodies can only provide services, or if their materials can constitute property of the person from whose body they come: whether the human body is exclusively a laborer, or if it can also be a factory or a collection of spare parts.” [Lisa Milot, University of Georgia Law via TaxProf Blog]
• A Growing Divide – Regarding personal debt per person to GDP per person: “[S]imple graphs that tell a powerful story.” [Financial Armageddon]
• Allen Stanford Is A ‘Sir’ No More – And you think life is unfair? [DB]
• IRS Claims 2 Out of 3 Taxpayers Now E-File – But as, TG points out, less returns. Nice try, IRS. [Tax Girl]

• Bank of America Will Pay $55 Million to Settle Claims – In other news, Angelo Mozilo still appears that he has, at least partially, descended from Oompa Loompas [Bloomberg]
• U.S. recession seen ending in third quarter – Hold your breath in 3…2…1…[Reuters]
• Huron Shareholders Sue over Accounting Scandal – Yes, P. Dubya is named. [Web CPA]
• Swiss Cabinet Discusses UBS’s Legal Woes – It’s pretty clear that IRS is just going to nag the living crap out of the Swiss Government until they give the Service all the bloody names. [WSJ]
• OMG I HATE MY JOB!! Facebook bitching about work will get you insta-fired. – Best to stick to the trite statements about your weekend plans, hating Mondays, how nice/crappy the weather is, etc. [Adland]