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| Top News |
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| Federal agencies review retirement plan regulations, promote annuity |
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  Concerned that at retirement employees overwhelmingly choose lump-sum distributions from their 401(k) accounts and even their traditional pensions, thus leaving themselves with the responsibility of managing their own investments through their elder years, the White House Middle Class Task Force Report is urging plan sponsors to include lifetime income stream products - annuities - as options in retirement plans. |
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| Gary Bolinger: AccountingWEB’s Outstanding CPA Association Employee of the Year |
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| Gary Bolinger, CAE, always has had a knack for getting assemblages of people to work together harmoniously – whether it was as a high school band director or leader of a state CPA society. Bolinger’s leadership, dedication, and advocacy of the CPA profession are just a few reasons why he has been named AccountingWEB’s Outstanding CPA Association Employee of the Year for 2009. |
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| The prince of DC coffee gets a jolt from the king of sales tax |
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| In Washington, D.C., Nick Cho is a local celebrity – at least among the coffee-loving crowd. Unfortunately for Cho, he’s been gaining fame for a less stimulating reason. He currently owes the government approximately $190,000 in back sales tax and penalties. |
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| Battle with IRS and bank leads man to raze his house |
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| A few weeks ago Terry Hoskins had a 3,088-square-foot brick house that he and his wife had occupied since 1991. It was valued at more than $350,000 and he owed the bank about $160,000. Now the house is a pile of rubble. |
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| Featured Articles |
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| Inmates turn incarceration into profit |
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 At least 50 detainees at the Stock Island Detention Center near Key West, Florida, figured out how to scam the Internal Revenue Service out of $100,000 in bogus tax refunds. |
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| 10 tips for small businesses to reduce risk of an audit |
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| Company.com, an information and lead-generation services portal for small and medium-sized businesses, has provided us with a list of 10 tips for helping businesses avoid IRS tax audits. |
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| Millennials: Get the tax refund you deserve |
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| Filing taxes for the first time after landing a full-time job out of college can be daunting. Or trying to piece together the details of all the jobs you've worked last year could seem a little overwhelming. But don't let the prospect of doing your taxes scare you out of getting as large a refund as you deserve. |
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| Firm/State/People News |
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| Snoop Dogg, Spears: Potpourri of celebrities and their dealings with the tax man |
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 Rapper Snoop Dogg, nee Calvin Broadus, is in trouble with the Internal Revenue Service again. On January 19, the IRS filed a lien with the Los Angeles County Recorder of Deeds against Snoop Dogg and his wife, Shante.
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| Florida mayor owes IRS more than $200,000 in back taxes
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| Florida’s North Bay Village mayor allegedly hasn’t made a mortgage payment in nearly two years, lives in a house on which he had built an illegal second story, and owes the Internal Revenue Service more than $200,000 in back taxes.
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| North Carolina CPA firms merge
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| Pittard Perry & Crone Inc. (PPC), a CPA firm with nine offices in North Carolina, has acquired two independent CPA firms in Raleigh.
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Blogs!
What do you have to say today? |
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| Colorado Imposes New Requirements on Retailers Without Nexus? |
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| As stated yesterday and in earlier posts, Colorado has not only enacted a rebuttable nexus presumption on remote sellers that are part of a controlled group of corporations that contains a retailer with a physical presence in Colorado, but they have also imposed some burdensome notification and filing requirements on "retailers that do not collect Colorado sales tax." |
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| What's Your Passion? |
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| Maybe some would ask the question this way, "What turns you on?" What do you really like to do? Why do you do what you do? Are you doing what you want to do? Look around. Do you see many people that are passionate about their work? Are you passionate about yours? Passion for our work can make it fun again! |
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| Important Tax Season Read: When & How to Ask for Referrals |
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| Over at Duct Tape Marketing, John Jantsch had a good post on How to Frame a Referral Request. |
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| Aggravated with Auditing Standards - Part II |
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| I previously wrote about my general aggravation with auditing standards and found the flurry of comments to be very enlightening. |
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Are you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz. 
