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July 22, 2009


Editor's Note
You may have noticed, AccountingWEB is sporting a completely new look. Not only have we updated the appearance of our site and added new graphics and design features, we have so much more to share with our readers in terms of ways in which you can be a more active participant in the AccountingWEB community. We're still feeling our way around the new site ourselves, but in the weeks to come, we'll share with you all of the ways in which you can enhance your AccountingWEB experience.

Meanwhile, this week we are watching health care issues on Capitol Hill to see what effect new laws might have on taxes, and we have a few tax miscreants to report on as well. As always, feel free to post your comments and suggestions at the bottom of any of our articles.

Best regards,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com








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Screaming IRS agent goes to jail
Few things are certain in this life. As the saying goes, you know that one thing you can count on is that we all have to die eventually. And the second thing is, we all have to pay our taxes, if not now, then later and with penalties and interest. Heres a third rule to live by: it is never a good idea to scream death threats at federal agents. more >>
Hes back... Survivor winner Richard Hatch is in the spotlight again
He was the first winner of the hit reality show, Survivor. And... then he made headlines again in 2006 for failing to pay taxes on his $1 million prize, plus other income. Now... hes back, and he wants a favor. more >>
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IRS adjusts focus to hedge fund investors
The Internal Revenues focus on income from foreign bank and financial accounts could turn to investors in hedge funds with foreign domiciles according to recent statements by IRS officials. more >>
Rappers Foxy Brown and Toni Braxton face tax liens
Singers Foxy Brown and Toni Braxton reportedly face hefty tax liens, ranging from $79,315 for Braxton to $641,558 for Brown. more >>
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