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AccountingWEB Weekly Insight Using IDEA to test for T&E fraud
Glenn Reeves of Burlington, Kansas, has released his fifteenth annual Form 1040 spreadsheet, which can be downloaded free of charge. Tax preparers can use their own tax spreadsheet applications, such as Microsoft Excel, OpenOffice, and Gnumeric Portable. Reeves' spreadsheet includes both pages of Form 1040 as well as supplemental schedules and several worksheets. In addition, there are two helpful new features this year: (1) the ability to add comments to the unprotected cells, and (2) some limited error checking.

Gail Perry, CPA
E&Y to Pay $2 Million to Settle Audit Failure Charges
On February 8, the PCAOB announced a settled disciplinary order censuring E&Y LLP. It imposed a $2 million civil money penalty against the firm, which is PCAOB's largest civil money penalty to date. The PCAOB also sanctioned four of E&Y's current or former partners for violating PCAOB rules and standards.
Paging All Capitol Hill Staffers: Pay Your Taxes!
Mitt Romney isn't the only one in Washington, DC, with his tax returns under the microscope. According to new data released by the IRS, 3 percent of Senate employees and more than 4 percent of House members still owe tax for the 2010 tax year, adding up to approximately $10.6 million in unpaid taxes.
Free Spreadsheet-Based Form 1040 Available for 2011 Tax Year
Glenn Reeves of Burlington, Kansas, recently released his fifteenth annual spreadsheet-based version of the U.S. Individual Tax Return, commonly known as Form 1040. Since 1997, Reeves has pursued this "labor of love," which means he allows any taxpayer to download and use the spreadsheet for free.
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