New details have emerged on the methods used and the outcomes following the case of 47-year-old convicted embezzler Sujata “Sue” Sachdeva, who was the trusted 15-year veteran vice president of finance, secretary, and principal accounting officer of Koss Corporation.
President Obama delivered his State of the Union address to the nation Tuesday night and included verbiage that offers encouragement for accountants struggling with issues surrounding the new 1099 regulations.
As the tax reform debate on Capitol Hill begins, a gulf exists between U.S. companies and the Obama administration on how to overhaul corporate taxes. The White House is reaching out to businesses to work with the administration on rewriting what all agree is an extremely complex tax code.
In an annual survey of taxpayer attitudes, 87 percent responded that cheating on taxes is "not at all" acceptable. While the vast majority said they were opposed to cheating, 8 percent said "a little here and there" is OK, while 4 percent said it is acceptable to cheat "as much as possible."
The U.S. Department of the Treasury has launched a program offering taxpayers a financial account for the electronic delivery of federal tax refunds. It says the account card offers conveniences and consumer protection features.
This year's report identifies 21 problems, provides updates on four previously identified issues, makes recommendations for administrative and legislative change, and analyzes the 10 tax issues most frequently litigated in the federal courts.
You may remember Albert Bront. He's the guy who greeted federal agents at his home by screaming, "I'm going to kill all of you!" The agents were there to execute a search warrant in 2009 based on an investigation of tax returns prepared and filed by Bront.
Keeping our readers informed is what we're all about. Often this task is accomplished through news articles and editorial commentary. In addition, AccountingWEB is home to nearly 30 bloggers, experts in their fields, who share their insights with the AccountingWEB community.
The Internal Revenue Service has announced that taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns, as well as those taxpayers who itemize deductions on Form 1040 Schedule A.
The Internal Revenue Service has issued regulations regarding non-signing preparers and PTIN registration. The regulations provide an exemption from competency exam requirements for some non-signing tax preparers.
Voice of the Editor
Hi. I’m Caleb and I’m new around here.
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.