Watchdog

A&A

Bramwell's Lunch Beat: Farewell, OfficeMax

Here are "Bramwell's Lunch Beat" menu items for December 11.
A&A

Bramwell's Lunch Beat: Dog Days for Ex-Accountant

Here are "Bramwell's Lunch Beat" menu items for December 10.
A&A

Bramwell's Lunch Beat: San Francisco's Soda Tax Battle

Here are "Bramwell's Lunch Beat" menu items for December 9.
Tax

Who Knew? Donating Body Parts Is a Taxable Event

Mark Parisi wasn't kidding when he said he would give a testicle to own a shiny new car. That is, for donating his testicle, he expects to receive a "standard fee" of $35,000 with which he plans to buy a car. He just wanted to know if the transaction was taxable.
A&A

Bramwell's Lunch Beat: E-Filers Get Pat on the Back

Here are "Bramwell's Lunch Beat" menu items for December 6.
A&A

Bramwell's Lunch Beat: How Twitter Masks Its Losses

Here are "Bramwell's Lunch Beat" menu items for December 5.
Tax

Supreme Court Piles on Hefty Tax Shelter Penalty

In a new case decided by the US Supreme Court, the remnants of a tax shelter partially constructed by wily Texas billionaire Billy Joe McCombs – known informally as "Red" – collapsed like a house of cards.
A&A

Bramwell's Lunch Beat: Morgan Stanley's Boo-Boos

Here are "Bramwell's Lunch Beat" menu items for December 4.
Wealth management

Bramwell's Lunch Beat: Hip-Hop Channels Suze Orman

Here are "Bramwell's Lunch Beat" menu items for December 3.
Tax

Bramwell's Lunch Beat: Your Order's Up!

Welcome to our first installment of "Bramwell's Lunch Beat." Each weekday around lunchtime, I'll provide you, the accounting and finance professional, with some bite-sized summaries and links to news articles that may be of interest.
Tax

Lois Lerner Was Slammed for Playing 'Blame Game'

It's been revealed that the supervisor in the Cincinnati office accused of wrongdoings by Lois Lerner, former head of the IRS Exempt Organizations (EO) division, took umbrage when the finger was pointed her way.
Tax

Bernie Madoff Employees on Trial as Assistant Scammers

The name Bernie Madoff probably rings a bell. It has also been known to set off a few whistles and sirens. His well-publicized crime masterminded the biggest Ponzi scheme ever recorded.
Tax

TIGTA Report: IRS Needs to Make Virtual Servers More Secure

The IRS has made significant strides in expanding its virtual environment, but more attention is needed to ensure its virtual server configurations are secure, according to a report released by the TIGTA.
Tax

Crime Watch: November 18, 2013

Chicago lawyer Gary J. Stern designed at least three tax-fraud schemes that helped hundreds of customers falsely claim over $16 million in improper tax credits and avoid paying income tax on at least $3.4 million.
Tax

IRS Warns Consumers of Possible Scams Relating to Relief of Typhoon Victims

On November 15, the IRS issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan.
Tax

TIGTA Wants IRS to Improve Security Risk Assessments

In a report released publicly on November 14, the TIGTA emphasized that the IRS should take further steps to improve security at some of its facilities.
Tax

IRS Hands Over Tax-Exempt Training Materials to Nonprofit Publisher

In response to a lawsuit initiated by Tax Analysts, a nonprofit publisher of tax information and expert analysis, the IRS has released almost 3,000 pages of training materials used by its EO division, most of them dating from 2012.
Tax

IRS to Launch Fishing Expeditions for Pass-Through Entities

The IRS doesn't always try to catch the biggest fish in the pond. Case in point: It has announced it will devote more resources to auditing various pass-through entities instead of focusing on the traditional corporate targets.
Tax

TIGTA Reports Examine IRS Identity Theft Processes, Services

Identity theft was the focus of two reports released by the TIGTA – the first concluding the IRS issued billions of dollars in potentially fraudulent refunds, and the second finding the IRS needs to improve customer service efforts for identity theft victims.
Tax

Some IRS Security Program Areas Not Compliant under FISMA

A new TIGTA report stipulated that until the IRS takes steps to fully implement all eleven security program areas covered by FISMA, "taxpayer data will remain vulnerable to inappropriate use, modification, or disclosure – possibly without being detected."

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