• Court: Parents Who Cash in IRA to Pay for Kid’s College Not Subject to 10% Penalty – They’re going to be working until they’re 90 anyway. [TaxProf Blog]
• 7 Audit Lessons (or How I Learned to Stop Worrying and Love the IRS) – See? It’s possible. [Tax Girl]
• SEC Surpasses $2 Billion in Fair Fund Distributions in 2009 – Just think what they would have paid out if they were doing a good job. [SEC.gov]
• KPMG staff face Thai grilling on Lehman sales – Thailand has laws? [FT]
• Happy Thanksgiving! Please don’t work on Friday. We’ll be back on Monday. Unless of course, the humble servant writes another letter.
Related Posts
Review Comments | 09.08.09
• Obama’s Advice to Aspiring Politicians: Be Careful on Facebook – This is what some parents were worried about? [Bloomberg]
• Accounting firms – Have maintained their reputation? [FT]
• Madoff feeder fund settles with Massachusetts – $8 mil from a $7.2 billion fund? [Reuters]
• Danger! Jobs most likely to kill you – Instantly. Not after a grueling, tortuous 30+ years, thus accountants are not on the list. [NYDN]
• PCAOB Backs FASB Codification – But if you’re ignoring it, that’s fine too. [Web CPA]
Review Comments | 12.30.09
• Turbotax Tweaks for Timmy – Problem solved! [Tax Update Blog]
• Rich Cling to Life to Beat Tax Man – 31ish hours to go. Hang in there withering rich people! [WSJ]
• IRS Outlines Hot Topics for Tax-Exempt Organizations to Watch in 2010 [Not-for-Profit Blog]
• Affluent investors turn bearish on tax, reform worries – If you have more than $500k in investable assets, apparently you’re not happy with what’s going on in DC according to Spectrum Group’s affluent investor index. Is death the best option (starting Saturday of course)? [Reuters]
• Bernie Madoff returned to jail cell after stay at North Carolina hospital – Home sweet home. [NYDN]
• On a completely unrelated note, It’s Tiger Woods Birthday. [Dlisted]
• Lawsuit of the Day: Mike Leach v. Texas Tech University – For the Texas Tech readers out there and whoever likes college football. [ATL]
Review Comments | 12.08.09
• Allyson Baumeister Elected to Board of Directors, American Institute of Certified Public Accountants – The best perk of such a position would be the opportunity to rub elbows with Ben Bankes. [Sanford Baumeister & Frazier Press Release]
• Audit Committee Comp Influences Auditor Support – “The study found that audit committee members are more likely to support the auditor, as opposed to management, in an accounting disagreement when audit committee compensation includes long-term stock options.” [Web CPA]
• The Mid-Quarter Trap – More year-end wisdom from Joe Kristan. [Tax Update Blog]
• GM board moving fast on CEO, CFO hires – Spencer Stuart is on the hunt if you’re interested… [Reuters]
• G.M. Will Consider Lump Sum Payment to U.S. – …but you’ll have to deal with this. [DealBook]