Latest Articles

  • IRS Private Tax Debt Collection Program to Begin This Spring

    By:
    Chris Gaetano
    |
    Sep 27, 2016
    The IRS has announced that the four agencies with whom it contracted to collect inactive tax debts will begin their work in spring, and reminded taxpayers that they are instructed to respect taxpayer rights. 
  • Nonprofits get new FASB standard aimed at simplifying financial reporting

    By:
    Chris Gaetano
    |
    Sep 27, 2016

    The Financial Accounting Standards Board (FASB) has released the first major update on reporting standards for nonprofit organizations in more than 20 years, with the new rules aimed at simplifying and improving how these groups present and release their financial information.

  • SEC Says Merrill Lynch's Poor Internal Controls Caused "Mini-Flash Crashes"

    By:
    Chris Gaetano
    |
    Sep 27, 2016
    While certainly not as dramatic as the 2010 flash crash where markets lost, then partially regained, a trillion dollars within the span of a few minutes, the SEC said that poor internal controls at Merrill Lynch caused a series of mini-flash crashes, for which the company has agreed to pay $12.5 million. 
  • SEC Charges Former NY Gov. Paterson Charged in Connection to Movie Studio Fraud

    By:
    Chris Gaetano
    |
    Sep 26, 2016
    Former New York Governor David Paterson settled with the SEC over failing to timely report stock transactions in the company while serving on the board of a company whose executives were charged with defrauding investors. 
  • So You Want to Chair the Fed?

    By:
    Chris Gaetano
    |
    Sep 26, 2016
    Aspiring central bankers waiting for their shot to set interest rates in order to increase employment and keep inflation under control can try their hand at a new game put out by the San Francisco Federal Reserve Bank that lets you fulfill all your fantasies about monetary policy. 
  • IRS Warns of Bogus Obamacare Notices

    By:
    Chris Gaetano
    |
    Sep 23, 2016
    Adding to the ever-lengthening bestiary of scams, scams and flimflams, the IRS is warning people not to fall for a bogus email asking tax filers to send an Obamacare-related payment.
  • FASB Proposes Shortening Amortization Date of Callable Debt Securities

    By:
    Chris Gaetano
    |
    Sep 23, 2016
    The Financial Accounting Standards Board (FASB) has released a proposal that, if implemented, would require the premium of callable debt securities to be amortized to the earliest call date, versus the current requirements that they be amortized to maturity. 
  • IRS Employee Pleads Guilty to Tax Fraud

    By:
    Chris Gaetano
    |
    Sep 22, 2016
    An IRS employee pleaded guilty to using taxpayer identities to file false tax returns to get inflated refunds for himself and his friends. 
  • Report: Gender Pay Gap to Close By 2152

    By:
    Chris Gaetano
    |
    Sep 22, 2016
    A recent report said that, if current trends continue, it will take 136 years for women to close the gender pay gap with men. 
  • Study: Your Power Point Presentation Probably Too Wordy

    By:
    Chris Gaetano
    |
    Sep 21, 2016
    A recent study has found that Power Point presentations generally have too many words, something that helps neither the presenter nor their audience, as both can lead people to disengage with the talk itself.