• 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.
Related Posts
Review Comments | 08.31.09
- Caleb Newquist
- September 1, 2009
• Allen Stanford to undergo heart tests: lawyer – What lengths is this guy willing to go to in order to get released from prison? [Reuters]
• Disney Buys Marvel In $4B Deal – The trickiest thing we foresee is reconciling comics sex with Disney sex. [NPR]
• Least Informative Announcement – Citi isn’t too concerned with telling you what they sold, who they sold it to, for how much, or what they made or lost on the deal. They just thought they would do us all the courtesy of letting us know that something happened. [Floyd Norris/NYT]
• Women, Testosterone, and Finance – “If they discriminate based on testosterone levels, isn’t that the same thing as discriminating based on gender (obvious extreme examples aside…i.e. Vera de Milo types)??” [Accounting Nation]
• AIG’s New CEO Will Do Unspeakable Things To Andrew Cuomo. You Don’t Even Want To Know. [DB]
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Review Comments | 11.24.09
- Caleb Newquist
- November 25, 2009
• AICPA Objects to ‘Reckless’ Behavior Bill – Barry Melancon, on the Hill, earning the dollar. [Web CPA]
• Accused Ponzi schemer Petters’ case goes to jury – The effectiveness of the cocker spaniel defense will live and die on this trial. [Reuters]
• Sarbanes-Oxley For Everyone: To Be Or Not To Be? (With Postscript) – One GC contributors point of view on small company SOX compliance. [RTA]
• Sarbanes Oxley Logic and the Paper Tiger – And another. [Accounting Nation]
• ‘Bought’ Isn’t the Same as ‘Place in Service’ – Section 179 and depreciation discussion. Go tax people! Go! [Tax Update Blog]
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Review Comments | 11.17.09
- Caleb Newquist
- November 18, 2009
• IRS Hails ‘Historic’ Response To Amnesty For Offshore Bank Accounts – Scare tactics work. [NPR]
• SEC in talks with IRS about preserving tax breaks for LIFO – Wouldn’t be so good for the likes of ExxonMobil if the breaks went away. A study says it would increase XOM’s tax liability by $9 billion. Lobby much? [CFOZone]
• Sheep Dogs and Stewardship — Why Groom the Next Generation? – “The demands on the recruiting directors of the banks and law firms and accountants are not different. They manage their personnel pipelines because, as a senior Big Four partner put it in a moment of candor, ‘the only reason we hire new staff is so we can re-stock our need for managers.'” [Re:Balance]
• Bill Belichick, Moneyball Savant? – Pats fans, turns out Belichick knows what he’s doing. [TaxProf Blog]
• The Football Plays We Don’t See – No, he really does. [Tax Update Blog]
• President Obama Establishes Interagency Financial Fraud Enforcement Task Force – No less than 23 government agencies, offices, and departments will be involved. How’s that for a dense bureaucracy? [SEC.gov]
• Don’t forget to vote in our two polls from today: Non-profits/Govts and ditiching the bad boss for less scratch. Plus today is the last day to submit a caption for the water closet audit room.