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How to ensure you're an ID theft victim

Research shows that it’s not necessarily the uneducated or the lonely, gullible senior citizens who fall for financial scams. If you're bent on being a victim, here's how to get started.

Is peer review all it's cracked up to be?

Some call it “auditing the auditors.” On a regular basis, professionals cross check each other. That sounds like a good thing. But is it?
Education & Careers

Top business and accounting graduate schools ranked

For everything, there is a ranking. Accounting and business schools are no exception.

Can racecar champ Helio Castroneves outrun the taxman?

A winner on the Indy racetrack and onstage at Dancing With the Stars... but in one of his most recent appearances, Helio Castroneves was wearing handcuffs and leg irons. Last Friday the 33 year old Brazilian racecar driver appeared in court to face multiple charges of tax evasion and one count of conspiracy to defraud the United States of taxes on $5.5 million in income.

Another chapter in the Wesley Snipes tax case

"Win" may be in the eyes of the beholder. Perhaps only in Hollywood would anyone call three years in prison and a $5 million fine a win, but that's how Wesley Snipes and his supporters characterized it last Spring when the sentence was handed down. Then again, when you consider that Snipes was looking at a possible six years in prison, up to $15 million in back taxes and more, he does seem to have gotten off easy. So far, Snipes is free on bail while he appeals his sentence, and has been free to travel Europe. It's no surprise then, that prosecutors are not at all happy about the outcome.

Under new management: Freddie Mac and Fannie Mae

A lot of people saw it coming... and wondered why the powers that be at Freddie Mac and Fannie Mae didn't. Between the two finance companies, they hold or guarantee about 50 percent of mortgage debt in the United States, worth around $5 trillion. On Sunday, September 7th, the government seized control of both companies in an effort to stabilize them, and more importantly, to protect homeowners whose mortgages are owned by them.

Sales tax holidays: Love them or hate them?

More than a dozen states and the District of Columbia have sales tax holidays that last at least a couple of days each year, some last much longer. Usually the holiday coincides with back-to-school time to give parents a break on outfitting their kids with necessities. What consumers can buy during the sales tax holidays varies by state, but generally includes clothing, shoes, classroom supplies, and computers, often with a dollar limit. Another popular item that pops up in sales tax holidays is energy efficient appliances for the home.

Florida man arrested in murder-for-hire of IRS employee

United States Attorney Robert E. O'Neill, Melissa Chedotal, Special Agent in Charge of the Treasury Inspector General for Tax Administration (TIGTA), Atlanta Field Division and Steven Ibison, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Tampa Field Office, today announced the arrest of Randy Nowak, age 48, of Mulberry, Florida. Nowak is charged in a criminal complaint with attempting to murder an employee of the United States, specifically the IRS, related to the performance of her official duties, in violation of Title 18, United States Code, Section 1114.

Small business owners dissatisfied with Washington leaders

Small business owners are not pleased with the inaction of the federal government, according to a poll released last week by small business organization American Management Services. The poll was conducted by Suffolk University. Poll results showed that 63 percent of respondents said the federal government is "doing nothing" to help small businesses while 23 percent said it is doing "little." Over three-quarters of those polled, 78 percent, said this summer's economic stimulus checks did nothing to help their business.

Former accounting professor pleads guilty to grand theft

A former assistant professor of accounting at the University of Tampa has pleaded guilty to stealing $120,000 from the American Spaniel Club. She was accused of writing 71 Spaniel Club checks to herself between July 2006 and March 2007 to feed an Internet gambling addiction.Instead of doing jail time, Lippincott, now a part-time accounting professor at Nova Southeastern University in Ft. Lauderdale, FL, was sentenced to 15 years' probation.

Six defendants found guilty in Chicago tax fraud trial

Six defendants were convicted Monday after participating in a nationwide tax scheme that enabled 650 wealthy taxpayers to cheat the government out of $60 million.Michael Vallone of Orland Park, IL, Edward Bartoli of Clearwater, FL, Robert Hopper of Gadsden, AL, Timothy Dunn of Chesterton, IN, William Cover of Naperville, IL, and Michael Dowd of Glenview, IL were convicted of tax-fraud conspiracy and other charges after the 11-week trial in U.S.

News Wrap-Up - Issue 259

This News Wrap-Up Brought To You By:SBC's Web AdvantageThe Guide to Paperless Firm AdministrationTHIS WEEK'S NEWSInvestigators Tell of Ex-CEO's Looting of Hollinger MillionsPCAOB Auditing Standard No.

Resource Guide - Issue 159

Brought To You By: The Marketing Director CD System PolicySoft's Accounting Department Templates THIS WEEK'S RESOURCESGAO Study: Tax Haven Companies Have Federal Contracting Edge Board Releases Report on Inspections of Big Four Firms AICPA Launches Privacy Services

News Wrap-Up - Issue 258

This News Wrap-Up Brought To You By:PPC's e-Practice AidsCCH Tax & Accounting's Accounting Research Manager(TM)Trial OfferTHIS WEEK'S NEWSCPAs are Called Upon to Self-Report on Quality Control Issues PCAOB Simplifies Whistleblowing, Opens Hot Line AICPA Launches

AccountingWEB Resource Guide - Issue 121

This Resource Guide Brought To You By Bentley College's Graduate Degree Program 21 Checklists To Save Expensive Marketing Mistakes THIS WEEK'S RESOURCES Insurance Associations Concerned About IASB Standard IRS Launches Online Tools to Help Access Client Information PCAOB Solicits Nominations For Advisory Group

AccountingWEB Weekly News Wrap-up - Issue 72

The AccountingWEB Friday Wrap-Up Newswire - Issue 72December 8, 2000Members Logon to http://www.accountingweb.com for full access to all our resources.Don't know your Logon Membership Details?Go to

AccountingWEB Weekly News Wrap-up - Issue 71

The AccountingWEB Friday Wrap-Up Newswire - Issue 71 December 1, 2000 Members Logon to http://www.accountingweb.com for full access to all our resources. Don't know your Logon Membership Details?


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