What better day than “Tax Day” – April 15 - to provide a tax update? Matt Miller, FEI’s Director of Tax and Economic Policy, tells us that the Senate Finance Committee is holding a hearing today on, “Tax Fundamentals in Advance of Reform.” We also have an update on Tax Freedom Day,as well as a study published this week by the Syracuse Transactional Records Access Clearinghouse (TRAC) showing a reduction in large corporate tax audits, and we note that an amicus brief on the Textron case was recently filed by FEI's Committee on Taxation and Committee on Corporate Reporting. And - did you see the front page story in today's Wall Street Journal about The Singing CPA-Steven Zelin, and other accountant/performers like The Accounting Crows? Read more here.
Posted by Edith Orenstein, FEI Financial Reporting Blog, April 15, 2008.