AT Think

Not infrequently, the U.S. Tax Court gets to hear some strange cases, and the case of the Free Fertility Foundation v. Commissioner of Internal Revenue surely ranks as one of the weirdest.

Tupperware Brands Corp. couldn’t keep the lid on the accounting problems in its Russian unit when announcing its second-quarter financial results this week.

IMGCAP(1)] Dear Rebecca,

A group of Democrats on the House Ways and Means Committee plans to release legislation in the next few days to provide tax incentives for renewable energy manufacturers, but they reportedly won’t specify how the tax credits will be paid for just yet.

Those at www.passionateaccountant.com think so. In case you haven’t heard it yet, there’s a new ring tone floating around the Internet that is – wait for it – a rap song.

Should privately held companies get their own accounting standards board?

IMGCAP(1)] I love a good party. I also love to support my clients, so if one of them is throwing a grand opening or hosting a Friday barbeque, I make great effort to attend. It’s fun and it’s good for business—offering another touch point with my clients.

Investment bank Goldman Sachs has decided to forgo a tax deduction on the unprecedented $550 million penalty and disgorgement it agreed to pay last week to settle SEC charges.

Forty-two percent of those between the ages of 30 and 44 are looking for career growth and change, according to a study analyzing degree search behavior sponsored by EducationDynamics, a company that works with higher learning institutions to help find, enroll and retain students.

Tommaso Padoa-Schioppa, the recently appointed chairman of the board of trustees of the International Accounting Standards Committee Foundation, which oversees the International Accounting Standards Board, is worried about the U.S. backing out of the convergence effort.