Regulatory agency actions and updates for March 17, 2010:

Regulatory agency actions and updates for March 16, 2010:

IRS

• The agency wants you to avoid the "Dirty Dozen" tax scams.
• The IRS is asking for ideas for its Industry Issue Resolution Program.

New York State Department of Taxation and Finance

The IRS dispatched two agents to a Sacramento car wash in order to collect four cents in unpaid taxes that the business had owed since 2006. Well, that and the $202.31 in penalties, fees and interest that the four cent debt had generated.

You know it's bad news when the New York Times is calling junk bonds "among the perils that would lead to worldwide disaster" in 2012, in an article that asks: did the Mayans know this when they set the end-date of their long-count calendar?

Regulatory agency actions and updates for March 15, 2010:

NYSSCPA President David J. Moynihan will speak on the importance of quality audits before the Mohawk Valley Nonprofit Leaders Group later this month, during a program in which he will also highlight ways to improve the audit process. 

The results of a $38 million investigation -- contained in a 2,200 page report -- are in, and according to lead investigator Anton R. Valukas, Lehman Brothers Holdings was in trouble long before bankruptcy sealed the bank's fate.

Regulatory agency actions and updates for March 12, 2010:

New York Attorney General Andrew M. Cuomo recused himself from an ongoing investigation into Gov. David A. Paterson’s alleged ethics violations, appointing retired judge Judith S. Kaye to continue the inquiry in his stead.

Staff of the New York State Comptroller's Office got an opportunity to learn about the requirements of the state's new accounting reform law in a special training session held at the agency's lower Manhattan offices o