On people who hate taxes

People who complain about taxes can be divided into two classes: men and women.

— Author Unknown

Hat tip: @BelfintCPAs

On Integrity

CPAs should perform all professional responsibilities with the highest sense of integrity. So we can still cheat at Monopoly. #CPAEthics

— Greg Kyte, CPA (@gregkyte) February 4, 2014

On Professional Competence

CPAs must maintain professional skepticism & professional competence. You should never trust that you know enough to do your job. #CPAEthics

— Greg Kyte, CPA (@gregkyte) January 28, 2014

On subordinating your judgment

Ethics Rule 102 states that a CPA will not subordinate his/her judgment to others. So yes, you do care where we go for lunch. #CPAEthics

— Greg Kyte, CPA (@gregkyte) January 27, 2014

 

Death and Taxes and Zombies

If the CDC has begun preparations for a Zombie Apocalypse, it is prudent for accountant and lawyers to consider the tax (both estate and income tax!) implications of the undead among us:

• If a Zombie is undead, are his assets subject to probate?
• Does his life insurance policies pay out to the beneficiaries?
• Can a Zombie earn income? (It seems more likely that a Zombie would have unearned income…)

SSRN Link: Death and Taxes and Zombies by Adam Chodorow.

Related articles

• Death, Taxes, and Zombies!?! (lawprofessors.typepad.com)
• What are the tax implications of the zombie apocalypse? [Graveyard Life] (io9.com)
• Death and Taxes and Zombies (neatorama.com)
• Chodorow: Death and Taxes and Zombies (taxprof.typepad.com)

Jobs for Tax Accountants

“If the 28% limitation provision passes, the majority of jobs created by the American Jobs Act will be for tax accountants.”

Via Tax Foundation