Washington DC news

TIGTA report: IRS security controls 'weak'

U.S. taxpayers' personal information is vulnerable to identity theft because the IRS is plagued by computer security breaches.That's according to an audit by the Treasury Inspector General for Tax Administration (TIGTA). "We are very concerned that authorization and authentication controls are weak on devices as sensitive as routers and switches," read the March 26 report, released this week. Routers and switches are used to direct network traffic.

IRS issues draft instructions for 2008 Form 990

The Internal Revenue Service recently released for public comment the draft instructions to the 2008 Form 990, which is the return most tax-exempt organizations must file annually.The instructions apply to the redesigned Form 990 that organizations will file for their 2008 tax years (returns filed in 2009).

Senate votes for tax breaks for home builders and credits for home buyers

Focusing on problems faced by the home building industry in the current housing crisis, the U.S. Senate voted overwhelmingly last Thursday to give home builders a $6 billion tax break by temporarily extending a rule that lets businesses count current losses against taxes from prior profitable years.

Maryland becomes 18th state to enact CPA mobility legislation

The Maryland General Assembly last week passed a CPA mobility bill that will make it easier for CPAs to do interstate business.

Passing the CPA exam on the first try: Top colleges are ranked

Kansas is known for its bumper crops but who knew they were growing accountants? At Kansas University's School of Business, 72 percent of students without advanced degrees passed the CPA exam on the first try, which is much higher than the average considering most people take the exam more than once.Kansas's Lawrence Journal-World reported that of the 69,259 candidates who took at least one portion of the exam in 2007, only 21,893 were taking it for the first time.

IRS investigates Obama’s church

The Internal Revenue Service (IRS) has begun an investigation into the tax-exempt status of the United Church of Christ, the church that Senator Barack Obama (D-IL) attends, over a speech Obama delivered at the UCC's 2007 General Synod in Hartford, CT last June. According to a copy of an IRS letter that the church has received, the agency is launching the inquiry "because reasonable belief exists that the United Church of Christ has engaged in political activities that could jeopardize its tax-exempt status," the Washington Post reports.

News Wrap-Up - Issue 283

This News Wrap-Up Brought To You By:Industry Profiles from First ResearchTaking Your Firm Up in a Down EconomyTHIS WEEK'S NEWSSettlement Offer Extended for Exec. Stock Option Tax SchemeJudge Rules E&Y Papers Should Remain Private in Bankruptcy CaseU.S.

News Wrap-Up - Issue 281

This News Wrap-Up Brought To You By:PricewaterhouseCoopers' ComperioThe Guide to Paperless CPA Firm Administration THIS WEEK'S NEWSBush Budget Plan Calls for Permanent Tax CutsAICPA Committee Adopts Nonattest Services Changes WA State Nixes Estate Tax, Refunds of $152M in the WorksTax Profession

News Wrap-Up - Issue 266

This News Wrap-Up Brought To You By:PricewaterhouseCoopers' Comperio Trial Offere-Onehundred Group's SOA Director(TM)THIS WEEK'S NEWSIPA Names Nation's Best-Managed Accounting Firms Washington State Sues E&Y Over Met Mortgage WoesKPMG, Auditors Sanctioned by SEC, Ag

Resource Guide - Issue 165

Brought To You By: PPC's e-Practice Aids(TM)The Marketing Direct CD System THIS WEEK'S RESOURCESAmerican Workers Want Caring Companies According to Survey$100,000 "SUV Write-Off" to End for Small BusinessesNumber of Execs.

News Wrap-Up - Issue 260

This News Wrap-Up Brought To You By:PricewaterhouseCoopers' ComperioGeac Performance ManagementTHIS WEEK'S NEWSCompany is Seeking Permission to Sue E&Y over MergerCourt Orders Hearing on IRS Whistle-blower CaseIRS Claims Kansas City CEO Owes $21.7M Tax

Resource Guide - Issue 156

Brought To You By: CCH Tax & Accounting's Accounting Research Manager(TM) Trial Offer The AccountingWEB Premium Subscription THIS WEEK'S RESOURCESHouse Speaker Hints of Eliminating Income Tax, IRS Thousands Fail First Level of the CFA Exam AICPA Ethics Committee Proposes Outsourcing Disclosure RuleFCC Approves Rules to

AccountingWEB News Wrap-Up - Issue 223

This News Wrap-Up Brought To You By: PricewaterhouseCoopers’ Comperio PPC's e-Workpapers® for Audits and Tax THIS WEEK'S NEWSSEC Addresses Late Trading, Market Timing and Related AbusesAudit Fees Go Uncollected by The PCAOBEnron Creditors Al

AccountingWEB Weekly News Wrap-up - Issue 74

The AccountingWEB Friday Wrap-Up Newswire - Issue 74December 22, 2000Members Logon to http://www.accountingweb.comfor full access to all our resources. Don't know your Logon Membership Details?

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 70

The AccountingWEB Friday Wrap-Up Newswire - Issue 70 November 24, 2000 Members Logon to http://www.accountingweb.com for full access to all our resources. Don't know your Logon Membership Details?

AccountingWEB Weekly News Wrap-up - Issue 67

The AccountingWEB Friday Wrap-Up Newswire - Issue 67November 3, 2000Members Logon to http://www.accountingweb.comfor full access to all our resources.Don't know your Logon Membership Details?Go to

AccountingWEB Weekly News Wrap-up - Issue 52

The AccountingWEB Friday Wrap-Up Newswire - Issue 52July 21, 2000Logon to http://www.accountingweb.com for more resources.Don't know your membership logon details?

AccountingWEB Weekly News Wrap-up - Issue 32

The AccountingWEB Friday Wrap-Up Newswire - Issue 32March 3, 2000http://www.accountingweb.comIn the news this week:1. Cap Gemini Merges With Ernst & Young Consulting2. PricewaterhouseCoopers Fights Back3. In General, Auditors Are Too Lax on Independence Standards4. Retirement Plans For The Masses5. Who You Gonna Call? Stress Busters!6. Follow Washington’s Lead and Help Feed The Hungry7.

AccountingWEB Weekly News Wrap-up - Issue 26

The AccountingWEB Friday Wrap-Up Newswire - Issue 26January 21, 2000http://www.accountingweb.comIn the news this week:1. H.D. Vest Moves Ahead In The Race To Be "Better Than Free"2. Wackiest Tax Court Cases Of 19993. John Sharbaugh Named New Exec of the Texas CPA Society4. Want To Corner The Market in Online Tax Preparation Services?5. Big 5 Execs Continue To Be Lured To The Internet6.

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