Unstructured Finance

FBI to press: How are we doing?

February 13, 2013

The Federal Bureau of Investigation’s press office has embarked on a bit of customer satisfaction research: The department is asking journalists to rate its performance during the hostage standoff in Alabama that ended last week.

Is Blankfein’s beard really just a beard?

February 12, 2013

Goldman Sachs Chief Executive Lloyd Blankfein has been sporting a beard lately, which has some people asking: is he on his way out?

Essential reading: Navigating between tax avoidance and evasion, and more

February 12, 2013

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

* Navigating between tax avoidance and evasion. Paul Sullivan – The New York Times. It is fairly difficult to evade taxes on legitimate investments because the I.R.S. can crosscheck the forms supplied by the company and the individual. Where people run afoul of the law is when they cut corners. Link  

One more try at the Great Refi

February 12, 2013

By Matthew Goldstein

Don’t be surprised if President Obama includes a line or two in his State of Union address this evening about the need for a plan to allow millions of struggling homeowners whose mortgages are packaged into so-called private label mortgage-backed securities to get a chance to either refinance their loans or restructure them.

Essential reading: Sandy damage leads to tax trouble, and more

February 11, 2013

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

* After the hurricane, a mound of tax math. Charles DeLafuentie – The New York Times. People who lost their homes or suffered extensive property damage in Hurricane Sandy may qualify for some help from the Internal Revenue Service, but with the usual caveats: the tax code isn’t simple, and not everybody will qualify. Link 

Essential reading: Higher payroll tax pinches those with the least to spare, and more

February 8, 2013

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

* Higher payroll tax pinches those with the least to spare. Nelson Schwartz – The New York Times. At street level, the pain from the expiration of a two-percentage-point break in Social Security taxes in 2011 and 2012 is plain to see. Link

Calendar

February 7, 2013

Some important tax and accounting events in the week ahead:

 Monday, Feb. 11 – Tuesday, Feb. 12

International Bar Association Taxation Section/Chartered Institute of Taxation European Branch conference on the taxation of offshore income of financial institutions, transfer pricing, the Foreign Account Tax Compliance Act (FATCA) and other topics. London.

Essential reading: Pharmaceutical makers lower their taxes, and more

February 7, 2013

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

 * A new Rx for tax bills. Jonathan Rockoff – The Wall Street Journal. Drug makers are taking new steps to lower their taxes significantly, in a boon to their bottom lines. Efforts typically involve shifting revenue overseas where it can be taxed at a lower rate than in the U.S. Link 

Essential reading: Obama repeats call to end tax break for corporate jets, and more

February 6, 2013

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

Wall Streeters find life really is greener on the other side

February 6, 2013

Ex Wall Streeters talk about the better life working at a startup

Here’s a post from UF contributor and intrepid Wall Street reporter Lauren T. LaCapra, who is on assignment: