Articles by Jason Bramwell

A&A

Bramwell’s Lunch Beat: Mylan/Abbott Labs’ ‘Spinversion’ Deal

The menu for July 15 features specials on EY to pay $4 million fine in lobbying case, House backs cuts to IRS budget, NASCAR tracks lobby for tax cuts, Citigroup to get a tax break as part of settlement, and more.
A&A

Bramwell’s Lunch Beat: Hedge Fund’s Tax Maneuvers Under Scrutiny by Lawmakers

The menu for July 14 features specials on UK to tighten rules on foreign takeovers, House likely to vote on highway fund bill this week, another judge wants answers on lost IRS emails, and more.
A&A

Bramwell’s Lunch Beat: Rep. Steve Stockman Wants Lois Lerner Thrown in Jail

The menu for July 11 features specials on IRS to take oath on missing emails, short-term highway fund fix gets support on both sides of Congress, Ventas dismisses EY as auditor due to inappropriate relationship, and more.
Tax

House Passes Bonus Depreciation Bill

By a 258-to-160 vote, the Republican-controlled House of Representatives passed a bill on Friday morning that would permanently extend the bonus depreciation tax break for businesses. Thirty-four Democrats voted for the legislation; two GOP lawmakers voted against it.
Tax

White House Opposes House GOP’s Bonus Depreciation Bill

The Republican-led House of Representatives is expected to pass a bill on Friday that would permanently extend the bonus depreciation tax break. But don’t expect President Obama to sign it.
A&A

Bramwell’s Lunch Beat: TIGTA Wants IRS to Revise Form 1040

The menu for July 10 features specials on Credit Suisse wants sentencing for aiding tax evasion pushed back until November, Lois Lerner’s warning about IRS email chatter, lawmakers discuss highway fund plans today, PwC must face MF Global lawsuit, and more.
Tax

New IRS Rules Place Limits on Tax Refund Direct Deposits

Starting in January 2015, the IRS will limit the number of refunds that are electronically deposited into a single financial account or pre-paid debit card to three, as part of the agency's effort to crack down on fraud and identity theft.
A&A

Fitch: IFRS Adoption in the US Unlikely

As the FASB and the IASB continue to move away from full convergence of their standards, the prospects of international accounting rules being fully adopted in the US in the near future are growing less likely, according to a Fitch Ratings report.
A&A

Bramwell’s Lunch Beat: Salix Jumps on Tax Inversion Bandwagon

The menu for July 9 features specials on Ways and Means pitches transportation measure, House likely to vote on bonus depreciation bill this week, IMA names new chairman of its Global Board of Directors, and more.
A&A

New Internal Audit Leadership Designation Unveiled by the IIA

Qualification in Internal Audit Leadership, a new program designed to identify and support the next generation of leaders in the internal audit profession, was introduced on Tuesday by the Institute of Internal Auditors.
A&A

Bramwell’s Lunch Beat: PCAOB Tags Ex-PwC Partner with Penalties

The menu for July 8 features specials on Swiss banks threaten freeze on US accounts over tax evasion, 30 years of inversions in one chart, GAO says IRS misleads audited taxpayers, and more.
A&A

IIA Highlights Five Key Strategies for Internal Audit Success

A report released by the Institute of Internal Auditors on Monday examined changing expectations from key internal audit stakeholders and zeroed in on five tactics chief audit executives can use to meet those expectations.
Tax

5 Tax Tips Newlyweds Should Consider

Summer wedding season is underway, but have you considered some of the tax issues that go along with tying the knot? If not, the IRS has provided the following five basic tips that can help keep those issues to a minimum.
A&A

Bramwell’s Lunch Beat: The Deals Within Tax Inversion Deals

The menu for July 7 features specials on PCAOB likely to vote on naming engagement partner proposal by year’s end, EU widens its tax inquiry of multinational firms, SEC final pay rules coming soon, and more.
A&A

Bramwell’s Lunch Beat: Pot Shop Challenging IRS Penalties

The menu for July 3 features specials on lawmakers throw the book at tax scofflaws to raise revenue, states take lead on gas tax increases, GOP presses Justice to act on Lois Lerner contempt citation, and more.
Tax

FATCA Pacts with US Grow as Law Takes Effect

The US Treasury Department said on July 1, the day FATCA went into effect, that nearly 100 jurisdictions and more than 80,000 financial institutions worldwide now have agreements with the United States to fight overseas tax evasion.
Tax

IRS Shortens Form for Small Nonprofits Seeking Tax Exemption

A new form introduced by the IRS on Tuesday, Form 1023-EZ, is expected to help speed up the approval process for small charities and nonprofit groups that have applied for 501(c)(3) tax-exempt status.
A&A

Bramwell’s Lunch Beat: Longevity Annuities Get Boost from US Treasury Department

The menu for July 2 features specials on SEC bars accounting firm from auditing US-traded companies in China, True the Vote/IRS court hearing next week, tax strategy used by Illinois governor hopeful, and more.
Tax

IRS: Unused ITINs to Expire After Five Years

According to a new policy unveiled by the agency on Tuesday, Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years. The ITIN will remain in effect as long as a taxpayer continues to file US tax returns.
A&A

AICPA Adds Two More Audit Interpretations on GASB Pension Rules

The AICPA's Auditing Standards Board this week issued two new audit interpretations intended to help auditors navigate GASB's pension accounting guidelines for state and local governments.

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