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Tax Panel Was a Real Snoozer Until Lois Lerner Started Talking About the...
I know you'll find it hard to believe that American Bar Association's annual tax meeting was a little boring, but right up to the point when Celia Roady, "a veteran tax lawyer" asked IRS tax-exempt...
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Footnotes:The Unavoidable Scandal; When Is Lerner Resigning?; Small Firms,...
Treasury Knew of I.R.S. Inquiry in 2012, Official SaysMr. Miller did concede that the I.R.S.'s apology for targeting was prompted by a question planted by the agency last Friday at an American Bar...
View ArticleAccounting News Roundup: Ex-Commish Shulman Testifying This Week; Jail Time...
I.R.S. Inquiry Status Told to White House in April [NYT]The chief White House lawyer, Kathryn Ruemmler, learned last month that a Treasury inspector general had concluded an audit of the Internal...
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Bryan Shaw's Lawyer Has a Perfectly Good Explanation for His Client's Guilty...
For once, we have a lawyer who is of very few words:"He pled guilty because he is guilty," [Nathan] Hochman said. "Mr. Shaw, as he's been heard saying, made some incredibly stupid decisions." We can...
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Last Year Was a Very Unfortunate One to Be Wealthy and French, Even By French...
More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that...
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AICPA Is All About Making the CGMA Legit
This week, I'm back in my old stomping grounds of Washington, DC for AICPA Spring Council and while I really wanted to come into this looking for plenty to mock, it's actually been an interesting...
View ArticleFootnotes: Old Men Bite Into Bad Apple; Senate Finance, House Oversight...
Apple Avoided Billions in Taxes, Congressional Panel Says“Apple wasn’t satisfied with shifting its profits to a low-tax offshore tax haven,” said Senator Carl Levin, a Michigan Democrat. “Apple sought...
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Accounting News Roundup: Grilling Apple; IRS, Round 2; Bush Tax Cut Fail |...
Apple Avoided Taxes on Overseas Billions, Senate Panel Finds [WSJ]Apple Inc. paid no corporate income tax to any national government on tens of billions of dollars in overseas income over the past four...
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(UPDATE) In Becoming Herbalife's Auditor, PwC Does a Dicey Independence Dance
~ See update belowIt seems fitting that PwC would replace KPMG as Herbalife's auditor, doesn't it? On May 21, 2013, the Audit Committee of the Company’s Board of Directors engaged...
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Acting IRS Commissioner Admits That Planting a Question About Reviewing...
Under less-than friendly questioning from members of the Senate Finance Committee Steven Miller was all, "Yeah, that was my bad."“I will take responsibility for that,” Miller said, expanding on last...
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Tim Cook Is Sorry He's Not Sorry
Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate...
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Footnotes: Public Companies, Public Tax Returns?; Lerner Will Take the Fifth;...
Why public companies should have public tax returns [Felix Salmon]Lois Lerner will invoke her Fifth Amendment privilege. [LAT]New Accounting May Prompt Shift to Short-Term Leases, Fitch Says...
View ArticleAccounting News Roundup: Don't Forget, It's Not Just Apple!; Moss Adams...
Google Joins Apple Avoiding Taxes With Stateless Income [Bloomberg]The shifting of profits by multinational companies is costing the U.S. and Europe at least $100 billion per year in lost tax revenue,...
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Lois Lerner Knows What You People Are Thinking
"I have not done anything wrong. I have not broken any laws. I have not violated any IRS rules or regulations," Lerner, the head of an IRS division overseeing tax-exempt groups that targeted...
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Here Is Why You Should Care About What Went Down at AICPA Spring Council This...
When I attended my first AICPA Council meeting in 2011, I remarked that the room seemed to be filled with the same "old white guys" that have been "leading" the profession as far back as we can all...
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The SEC Manages to Get Softer on Big 4 Audit Firms
Incredibly, the SEC has done something I didn't think was possible. It has, in its implicit blessing of Herbalife's selection of PwC as auditor, given the Big 4 and other audit firms more leverage in...
View ArticleFootnotes: Forgotten IRS Scandal Facts; CFOs Pulling Back on Hiring; Ways and...
Six Facts Lost in the IRS Scandal [ProPublica]CFOs Lower Hiring Projections [AT]Ways and Means seeks more IRS tales [The Hill]EU leaders talk tough on tackling Amazon, Google over taxes...
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Accounting News Roundup: More on Apple's Tax Rate; Europe Tries to Shake...
Apple Tax Rate Ignores Profit Shifting Offshore [Bloomberg]Apple Inc. (AAPL) Chief Executive Officer Tim Cook provided a figure to Congress on Tuesday that U.S. companies rarely disclose: its federal...
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Ernst & Young Latest Big 4 Firm to Have Part II of PCAOB Inspection Report...
Okay, remind me -- there's a saying about "three" and "trend" or "pattern" or something? Forget it, not important. What is important -- at least we've made the argument that it is -- is that the PCAOB...
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The Accountant's Definitive Guide to Cover Letters
Here we are again, folks. Today’s topic cover letters is a bit more ambiguous. Are they necessary? Do you take a risk? Should you send it as an attachment? Doesn’t my résumé speak for itself?SO MANY...
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