Mind the Gap: TRAC Audits the Auditors

By Jonathan Prokup The New York Times and Forbes Magazine are reporting on a study by the Transactional Records Access Clearinghouse, a research group affiliated with Syracuse University, which claims to show that the number of audits of corporations reporting assets of $250 million or more has dropped between 2005 and 2009, while audits of … Continue reading Mind the Gap: TRAC Audits the Auditors

Reps. Waxman and Stupak: Beware IRC Sec. 6103?

By Jonathan Prokup President Obama's health-care legislation is becoming more of a tax issue on a daily basis.  In addition to the codification of economic substance (discussed here; see also yesterday's TNT story featuring our own Phil Karter) contained in the reconciliation bill, the consequences of the legislation seem to be increasingly a matter of … Continue reading Reps. Waxman and Stupak: Beware IRC Sec. 6103?