• 15M+ taxpayers could unexpectedly owe taxes – That’s never good. [NYDN]
• GMAC Chief Resigns – The Board was sick of “just one more round of TARP and that’s it” routine. More fun facts here. [WSJ]
• The Return of Bell Bottoms – Homebuyer credits, bell bottoms, and drugs. [Tax Update Blog]
• Battle Lines Drawn Over Who Governs Accounting Rules – FASB…it’s…all…slipping…away… [Compliance Week]
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Review Comments | 08.17.09
• Facebook’s Evil, Genius Plan to Own Your Life – Was there ever any doubt that this was the plan? [The Atlantic]
• Three Indicted in Major Hacking Case – “Three men were indicted Monday on federal charges of conspiring to hack into computer networks of major U.S. retail and financial organizations and stealing data related to more than 130 million credit and debit cards.” [WSJ]
• Sordid Penn Station Needs Overhaul for $9 Billion Tunnel Link –For the love of all that is good and holy why not use $9 billion get the human feces out of there? [Bloomberg]
• A.I.G. to Pay New Chief Executive $7 Million a Year – Seven million times more than the last one. Appears reasonable. [DealBook]
• Federal Prosecutors May Let Andy And Mark Madoff Enjoy Labor Day Weekend – Because it’ll be your last! [Dealbreaker]
Review Comments | 07.22.09
• Amazon to Acquire Zappos.com for $847 Million – “Amazon says it is paying for the acquisition with 10 million shares of stock worth approximately $807 million. In addition, Amazon said it will provide Zappos employees with $40 million in cash and restricted stock units.” [Bits/NYT]
• UK ‘is losing 52 pubs each week’ – Where will the UK accountants go for lunch? [BBC]
• Who needs audit? [Accountancy Age]
• Chrysler says dealer legislation could force liquidation – “Chrysler Group could again face the prospect of liquidation if legislation aimed at reversing its decision to terminate contracts with 789 dealers becomes law, a company executive said on Wednesday.” [Reuters]
• Goldman Sachs Payments to U.S. Give 23% Return to Taxpayers – LB says “you’re welcome” [Bloomberg]
Review Comments | 10.22.09
• The Code is 23! – Happy, happy. [Tax Update Blog]
• Accounting Firms Succeed Despite Economic Slump – “CCH, a Wolters Kluwer business, surveyed 100 U.S. accounting firms and found that even in a contracted economy, none of the firms have lowered their rates.” [Web CPA]
• Microsoft Tries to Lose ‘PC Guy’ Image With Windows 7 – Hodgman. We warned you. [Bloomberg]
• Is $5,500 Golf Cart Credit Emblematic of “Tax Policy in the Age of Obama” – WSJ op-ed criticizing the President’s policy? The horror. [TaxProf Blog]
• Fraud Reported in Program to Help New Homebuyers – “Some claims were filed for children as young as 4 years old.” [NYT]