Unstructured Finance

Calendar

May 31, 2013

Important tax and accounting events in the week to come:

Monday, June 3

Acting IRS Commissioner Danny Werfel and Treasury Inspector General for Tax Administration J. Russell George testify before a U.S. House of Representatives Appropriations subcommittee. 3 p.m. ET, Rayburn House Office Building. Washington, D.C.

Essential reading: EU’s trading tax takes slow road, and more

May 31, 2013

 

A banner featuring a Euro coin at the European Commission headquarters building in Brussels. REUTERS/Yves Herman

Essential reading: Evidence that tax breaks favor the rich, and more

May 30, 2013

Welcome to the top tax and accounting headlines.

* Richest 20 percent get half the overall savings from U.S. tax breaks, CBO says. Lori Montgomery – The Washington Post. The 10 largest breaks in the U.S. tax code will save taxpayers more than $900 billion this year, with just over half the benefits flowing to the richest 20 percent of households, congressional budget analysts said Wednesday. Link 

Essential reading: IRS gets a new risk officer, and more

May 29, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

 * New IRS chief taps GAO’s Fisher as senior adviser. John McKinnon – The Wall Street Journal. Danny Werfel, acting commissioner of the embattled Internal Revenue Service, went outside the agency for a top lieutenant, tapping David Fisher of the Government Accountability Office to be the tax agency’s chief risk officer and senior adviser to the commissioner. Link  

Essential reading: Groups test political tax rules, and more

May 28, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

 * Groups targeted by IRS tested rules on politics. Nicholas Confessore and Michael Luo – The New York Times. A close examination of some conservative groups and others reveals an array of election activities that tax experts and former IRS officials said would provide a legitimate basis for flagging them for closer review. Link  

Calendar

May 28, 2013

Some important dates in the week ahead:

Tuesday, May 28 • D.C. Bar Taxation Section panel discussion of ethical considerations for state tax professionals. 12 noon – 2 p.m. ET. D.C. Bar Conference Center. Washington.

Essential reading: Tax moves pit large companies against small, and more

May 24, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

 * In tax overhaul debate, large vs small companies. Graham Bowley – The New York Times. Some of the biggest companies in the United States are fighting for a cut in the official corporate tax rate. But the nation’s millions of small businesses fear they will be the ones paying for it. Link  

Essential reading: Push on corporate tax rules goes global, and more

May 23, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* Push on corporate tax rules goes global. Howard Schneider – The Washington Post. A global effort to tighten corporate tax rules is gaining momentum as politicians in Europe and the United States take aim at American tech giants whose savvy use of international tax laws has provoked a public backlash. Link    

Essential reading: White House knew of IRS scandal in April, and more

May 20, 2013

Welcome to the top tax and accounting headlines from Reuters and other sources.

* IRS inquiry status told to White House in April. Jonathan Weisman and Brian Knowlton – The New York Times. The chief White House lawyer, Kathryn Ruemmler, learned last month that a Treasury inspector general had concluded an audit of the Internal Revenue Service’s targeting of conservative groups, weeks before the matter became public, according to a senior White House official. Link 

Calendar

May 17, 2013

Some important dates in the week ahead:

 

 Monday, May 20

 

Securities and Exchange Commission accountants address SEC financial reporting at the Compliance Week annual conference. Washington.