A former controller at HealthSouth has become the 17th executive of the health services concern to be indicted in a massive accounting scandal, which the company has been charged of overstating earnings by nearly $3 billion. Hannibal Sonny Crumpler, who served for eight years as controller of HealthSouth's operating division, has been charged by prosecutors of wire, mail, and securities fraud for allegedly working with others to falsify the company's financial records. In 2002, Crumpler served as chief financial officer at Source Medical Solutions, a unit of HealthSouth, and during that time was alleged to have signed an audit that overstated by millions, the amount owed to HealthSouth. If convicted, Crumpler could face a 15-year prison sentence and a fine of $1.3 million. Next week, the jury selection process will begin in the trial of former HealthSouth chief executive Richard Scrushy.
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The Bekkerman case held that California may tax a bundled cellphone at the full price as an unbundled cellphone, rather than the discounted price.
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While tax season started seven days later this year, taxpayers are getting their returns into the IRS earlier, according to the latest statistics.
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A federal court has temporarily halted the Securities and Exchange Commission's climate-related disclosure rule in response to a lawsuit from a pair of fracking companies.
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Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
March 18 -
Bloomberg Tax and Accounting released Bloomberg Tax Workpapers, which focuses on data, controls and calculations for tax preparation.
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Accounting Today is accepting submissions for its report recognizing the Best Accounting Firms for Technology. This is the sixth year the publication will recognize firms in this category.
March 18