Just for Fun

Nashville singer Britt Savage has found that the Child and Dependent Care 1040A form is useful for more than just reporting the expenses and benefits that come from taking care of children and other dependents during the course of your tax year. It also makes for a mighty fine pink dress.

“In unsecured sectors, plan to leverage defaulted systemic risks.”

“The smart investor this season will be sure to prepay counterparty stocks. “

“In mezzanine markets, never amortize revenue-neutral derivatives. “

Accounting Today has released its annual list of the 100 best firms to work for in the country—and nine of them are in New York.

Daniel “Rudy” Ruettiger, the former Notre Dame football player who inspired the 1993 movie Rudy, found himself receiving not a pigskin but an SEC complaint earlier this month. Twelve other participants were also charged.

Testifying in front of the senate, Jon Corzine of MF Global was asked if "we should reexamine the accounting treatment of repo-to-maturity transactions."

He replied: "To the extent that people believe that the disclosures that we made were not adequate, and they believe that more disclosure is better, that certainly should be considered." He continued: "I'm probably not the one who should speak to this--I'm certainly not an accounting expert.

The IRS will be alerting its employees that it’s not okay to withhold telephone assistance from taxpayers if they happen to be on speakerphone, according to Dow Jones.

Video games have come a long way since Pong, growing into a multi-billion dollar industry that rivals, and even at certain points exceeds, other entertainment industries such as music and movies, according to Ars Technica, an online technology magazine. But part of what’s driving that growth, at least in the U.S., is the fact that gaming is among the most heavily subsidized industries in the country, receiving more tax assistance than medical research, urban development or green energy, according to the New York Times.

And you thought your clients had a temper. Let the NYSSCPA take you to ancient Greece, where records from the famed orator Antiphon relates the tale of 10 individuals who were held responsible for overseeing the finances of the Delian League, a coalition of Greek city-states, led by Athens, who joined together to fight the Persian Empire.

Researchers discovered a strong correlation between a stock’s overall performance and the number of times people search for it on the Internet, according to science publication Physorg.