Review Comments | 06.30.09

• Court: Parents Who Cash in IRA to Pay for Kid’s College Not Subject to 10% Penalty – They’re going to be working until they’re 90 anyway. [TaxProf Blog]
• 7 Audit Lessons (or How I Learned to Stop Worrying and Love the IRS) – See? It’s possible. [Tax Girl]
• SEC Surpasses $2 Billion in Fair Fund Distributions in 2009 – Just think what they would have paid out if they were doing a good job. [SEC.gov]
• KPMG staff face Thai grilling on Lehman sales – Thailand has laws? [FT]
• Happy Thanksgiving! Please don’t work on Friday. We’ll be back on Monday. Unless of course, the humble servant writes another letter.

• SEC sees evolution in insider trading – “A top U.S. securities regulator said some funds may now view insider trading as a central tenet of their business models, rather than as a one-time opportunity for big rewards as sometimes happened in the 1980s.” [Reuters]
• The Bust that Worked – Thanks CIT! [CFO]
• Degradation of the Mind – Urban Dictionary has butchered accounting terms. [Accounting Nation]
• Accountants on Twitter? You Better Believe It! – We’re here. [CPA Examination Preparation Blog]
• More Celebrity Tax Woes – Including completely the most underrated actor of our time, Eric Roberts. Best of the Best 2? C’mon, people. [TaxProf Blog]