The Latest

In June we discussed the proposed Schedule UTP and instructions for reporting uncertain tax positions. The Internal Revenue Service received a number of comments on those proposals and, on Sept. 24, 2010, issued a final Schedule UTP and related materials for the 2010 year in Announcements 2010-75 and 2010-76. The final version makes a number of significant changes to the requirements in response to the input received.

SACRAMENTO

In 410 AD, the Visigoths laid siege to Rome, eventually sacking the city and raping and killing thousands of its inhabitants. In the 14th century, the Bubonic plague was responsible for an estimated 100 million deaths across Europe, or 30 percent of the population. Over the course of 100 days in 1994, an estimated 800,000 citizens were murdered in Rwanda as a result of ethnic infighting. And over the past four months, Pittsburgh Pirates fans have watched their team lose more games than any other team in baseball.

Many claim that "principles-based" accounting standards are superior to "rules-based" standards.

A shield against madness

An app, at last

Where the tax burden falls

HIGH-NET-WORTH INDIVIDUALS SHUN RETIREMENT

The 10-year period from 2000-2009 has been referred to as the "Lost Decade."

STARTING SALARIES TO RISE IN ACCOUNTING AND FINANCE