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Washington DC news


7,500 accept IRS amnesty, speculation program might be extended

The IRS is proudly announcing that it was able to gather up 7,500 volunteers in its international tax evasion net.

Robert Denham, William Ezzell receive AICPA awards

Robert E. Denham is the recipient of the AICPA 2009 Medal of Honor. William F. Ezzell is the 2009 recipient of the Institute's Gold Medal Award for Distinguished Service.
Community News

Two Bethesda CPA firms announce merger

Calling the merger of his firm with C.J. Becker & Associates PC “a great fit,” president Bill Caldwell says the union will make Caldwell & Co. PC a bigger player in the middle market.

PwC survey describes current state of the commercial real estate market

Despite a still-struggling U.S. economy, most equity investors have remained on the sidelines waiting to capitalize on forced sales and more motivated selling.

U.S. communities take local economy into their own hands

Unwilling to hand over hard-earned paychecks to faceless corporations for goods and services, a handful of communities have created their own commerce.

U.S. and Monaco agree to exchange tax information

The U.S. Department of the Treasury has announced that the United States and Monaco have signed an agreement to allow for the exchange of information on tax matters between the two countries.
Education & Careers

Accounting and finance students help not-for-profits in Project Run With It

For the second year in a row, Moss Adams sponsored Project Run With It (PRWI) in force at the 2009 Beta Alpha Psi Annual meeting in Brooklyn, New York.
Community News

St. Louis CPA firms announce merger

Belleville, Illinois-based Ganim, Meder, Childers & Hoering, P.C. (GMCH) is joining LarsonAllen LLP (LarsonAllen) on October 1, 2009.

Chief U.S. tax writer, Charles Rangel, hit with another round of trouble

With Charles Rangel still reeling from the financial misconduct charges leveled at him last year -- for tax years 2004, 2005, and 2006 -- round two is now hitting him hard and fast.

Mac users give Snow Leopard upgrade mixed reviews

Upgrading operating systems can be a frustrating experience. When a new version comes out, which is every year it seems, users feel obligated to upgrade.

Oxley named as chair of Ethics Resource Center

Michael G. Oxley, a former member of Congress best known as cosponsor of the Sarbanes-Oxley Act of 2002, has been elected chairman of the board of directors of the nonprofit Ethics Resource Center (ERC).

The 'Big 8' Generally Unacceptable Accounting Principles (GUAP) and the introduction of Socially Responsible Accounting (SRA)

The application of accounting principles is not based on fact, case law, statutes, regulations, code, truths, or empirical scientific evidence.

Tax preparer performance standards to be discussed at public forum

Public forum will address review of paid preparers and produce recommendations to boost taxpayer compliance.
Community News

SEC investigating accounting scandal at Huron Consulting

Huron Consulting LLP, the Chicago firm formed in 2002 by 25 partners defecting from Arthur Andersen, revealed in an 8-K on July 31 that it would restate its earning for 2006, 2007, and 2008.
Community News

Barry Schimel, CPA, publishes book—100 Ways to Profit in a Volatile Economy

Barry Schimel, a frequent speaker within the accounting profession and author of four other finance-based books, announced the release of his fifth book.

Madoff accountant outlines fraud during guilty plea; judge denies bail

For at least 20 years, Frank DiPascali helped Bernard Madoff pull off what many consider the biggest Ponzi scheme in Wall Street history.
Community News

Former IRS commissioner joins alliantgroup

The Honorable Mark W. Everson, who served as Commissioner of Internal Revenue from 2003 until 2007, has agreed to serve as vice chairman for alliantgroup, a provider of tax services to small, medium, and large businesses.
Community News

BearingPoint: The end of an era

The outlook was not good from the beginning. Now, nearly a decade later, the former KPMG Consulting moves ahead with a leaner practice and new owners.
Education & Careers

Top business and accounting graduate schools ranked

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

Inspector General requests help from tax preparers

Tax professionals are invited to help shape regulations and also curb unethical or illegal activities by unscrupulous preparers.


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