AT Think

IMGCAP(1)] Dear Rebecca,

After successfully beating back legislation in Congress to raise federal taxes on the earnings of hedge fund managers, hedge funds have also succeeded in preventing New York State from raising their taxes.

Bernie Milano is now a bonafide legend – a NABA legend that is, as the National Association of Black Accountants honored the president of the KPMG Foundation and The PhD Project for his commitment to increasing the diversity of business school faculty.

Lawmakers are considering various ways to keep BP from claiming a massive tax write-off for its oil spill cleanup and damage expenses.

IMGCAP(1)] Do you believe that success is something to be achieved in the future only after a number of milestones have been reached, or can it be experienced along the way? The secret is to learn how to experience success now, and the future will take care of itself.

The extension of the Bush tax cuts is likely to become a campaign issue in the November elections, and that could push lawmakers to take sides ahead of time.

IMGCAP(1)] My summer school tax students just finished their midterm exam. During the semester, students are graded on core course components, including homework, a research paper, and exams. Every now and then I will also offer additional bonus points. And it never ceases to amaze me what students will do for two extra points.

Lawmakers are mulling the possibility of adding an extra tier of unemployment benefits beyond the four tiers currently available for those who have been out of work for over 99 weeks.

Benjamin Bankes should be proud. More kids are being exposed to some kind of financial learning these days and that’s good news, according to Money Management International, a nonprofit credit counseling agency that just released the results of its 2010 Kids and Money Survey.

The Internal Revenue Service has been tangling with Los Angeles sports and entertainment mogul Phil Anschutz and former Minnesota Vikings owner Billie Joe “Red” McCombs in a couple of high-profile tax cases involving a strategy that had been marketed to billionaires just like them by Wall Street investment banks.