Monthly Archive: March 2013

Mar 29

A Few More Reasons Why Cinemas Don’t Assign Seating

In a recent Betweenthenumbers post, Ben suggested several reasons why most movie theaters in the U.S. do not assign seats. Here are a few more theories to add to the list: Theory #6: Loud popcorn munchers and big hair Movie theaters have been around for well over a hundred years. But stadium seating is relatively …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/a-few-more-reasons-why-cinemas-dont-assign-seating/

Mar 28

IRS to Waive Late Penalties for Certain Taxpayers

The IRS announced recently (See: IRS Notice 2013-24) that it would waive penalties that would be normally assessed for late payments of taxes, as a result of last minute changes due to law changes in the American Taxpayer Relief Act of 2012. Generally, individuals, estates and trusts must file their income tax returns and pay …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/irs-to-waive-late-penalties-for-certain-taxpayers/

Mar 27

IRS warns of Dirty Dozen tax schemes

The IRS has released its annual list of the top 12 tax related schemes, described in detail here.  In summary, the list includes the following warnings for taxpayers: Identity Theft Tax fraud related to identity theft is at the top of the list.  For instance, a fraudster may use a legitimate taxpayer’s identity to fraudulently …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/irs-warns-of-dirty-dozen-tax-schemes/

Mar 25

Why Don’t Cinemas Assign Seating?

Unlike the rest of the world, nearly all cinemas in the US don’t assign seats. Movie-goers in other countries typically (i) reserve specific seats in advance or (ii) purchase their tickets (with seating assignments printed on them) for immediate use. Either way, the seats are assigned and not first-come, first-served. Not only is the American …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/why-dont-cinemas-assign-seating/

Mar 24

IRS Has $917 Million to Give Away

The IRS just announced that it has $917 million of funds that it is waiting to refund to an estimated 984,000 taxpayers.  These 984,000 taxpayers have yet to file their 2009 tax return.  In order to collect the money, these taxpayers will have to file a 2009 return with the IRS no later than April …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/irs-has-917-million-to-give-away/

Mar 23

Sha-la-la-la-la-la, live for today

In 1967, The Grass Roots released a song that made it to #8 on the Billboard Hot 100 singles chart, “Let’s live for Today.” Rockers Stave Barri and P.F. Sloan, about 25 and 22 years old at the time, belted out: When I think of all the worries people seem to find And how they’re …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/sha-la-la-la-la-la-live-for-today/

Mar 22

Third Circuit supports whistleblower claim based on a more lenient standard

A Tyco Electronics accountant named Jeffrey Wiest consistently reported (and denied payment for) what he thought were inappropriate employee entertainment/party expenses because they did not meet IRS guidelines and his employer’s internal guidelines. The accountant claims that he was terminated in retaliation to his persistence in following proper accounting procedures. A district court threw out …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/third-circuit-supports-whistleblower-claim-based-on-a-more-lenient-standard/

Mar 21

Lost Compensation Settlement Tool Allows You to Assess Economic Damages Accurately and Efficiently

technology computer

Lost compensation is a method of capturing economic damages in personal injury, medical malpractice, wrongful termination, failure to promote and other similar torts.  Independent damages experts are often employed to calculate lost compensation because of their unique background/skill set.  However, the desire to minimize costs means that these experts are often employed after settlement efforts …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/lost-compensation-settlement-tool-allows-you-to-assess-economic-damages-accurately-and-efficiently/

Mar 20

Use of a Backdoor IRA to Avoid New 3.8% Medicare Surtax

A non-deductible IRA is a financial planning tool that has been around for a long while.  The tax code allows taxpayers with earned income from wages and/or self employment income to contribute to an IRA, regardless of their income level.  Therefore, a contribution would be made with after tax dollars into the IRA but the …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/use-of-a-backdoor-ira-to-avoid-new-3-8-medicare-surtax/

Mar 18

PCAOB issues second mixed report on audits by smaller firms

On February 25, 2013, the Public Accounting Oversight Board (PCAOB) issued its summary report on smaller accounting firms. The PCAOB described its inspections and related reporting here as follows: “This report covers domestic audit firms that audit the financial statements of issuers, and that regularly issue 100 or fewer audit reports each year. Such firms …

Continue reading »

Permanent link to this article: http://betweenthenumbers.net/2013/03/pcaob-issues-second-mixed-report-on-audits-by-smaller-firms/

Older posts «