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IRS Commissioner Talks About International Tax Cheats
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On December 15, before an audience at the IRS/George Washington University Twenty-Fourth Annual Institute on Current Issues in International Taxation, IRS Commissioner, Douglas Shulman, talked about tax cheats in the international arena and how the IRS is "turning up the pressure."
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Repeat Winner Emerges in Deloitte Tax Competition
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The College of William & Mary was the winner of the tax case study competition - FanTAXtic - sponsored by the Deloitte Foundation. Nine teams participated. Each student on the winning team received a $2,000 scholarship, while the winning school pocketed an institutional award of $10,000.
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Wrangling Continues over the Payroll Tax Cut
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On Monday, the Associated Press reported that "Boehner spoke after a chaotic weekend in which Senate leaders first failed to agree on a full-year bill, then coalesced around the two-month extension that passed overwhelmingly, only to spark a revolt among GOP conservatives in the House."
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Okay you procrastinators. Stop cleaning your desk, setting up your schedule for busy season, baking cookies, wrapping packages, packing for holiday travel, running to the mall for last minute purchases – stop everything! Go to your computer, do not pass GO!, sit down for fifteen minutes, and get yourself registered with a renewed Preparer Tax Identification Number before the clock strikes midnight on New Year's Eve. Your existing PTIN expires at midnight December 31, 2011.
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Best wishes,
Gail Perry, CPA
Editor-in-Chief
editor@accountingweb.com
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