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Punitive Damages Are Not "Losses Incurred"
State Farm's argument that the company's "statement method of accounting" controls for federal tax purposes falls flat in court. December 6, 2010
The Big Risks of Little GAAP
Private U.S. companies and their stakeholders may soon get the "little GAAP" they have long sought. Could this dream-come-true turn into a nightmare? December 2, 2010
The older generation of Excel users remembers how potentially dangerous this Microsoft snag can be. December 1, 2010
Taking the "Ease" Out of "Lease"?
By doing away with operating leases, new accounting rules could bring billions of dollars back onto balance sheets. December 1, 2010
Spreadsheets: The Column Name Game
The relatively simple task of rearranging column entries so an employee's last name comes first, and first name follows, is accomplished with a string of formulas. December 1, 2010
Tax Court Disagrees with IRS on Loss Claim
In a case decided in early November, the U.S. Tax Court reverses an IRS decision and upholds a tax loss claimed by a company that bought a manufacturing plant from Nortel. November 29, 2010
An Offer That Whistle-blowers Can't Refuse?
The Securities and Exchange Commission wants to pay fraud informants as much as 30% of the amount that investigators recover. November 29, 2010
Allocating Legal Fees in an Asset Acquisition
The Tax Court rules that inventory-related legal fees in an acquisition are deductible. November 22, 2010
Quantitative Easing, or Pension Squeezing?
How the Fed's actions could boost corporate retirement-plan costs. November 17, 2010
Spreadsheets: Moving Data from PDF to Excel
Converting a PDF "data dump" into Excel or Access is made easier with a third-party tool. November 17, 2010