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SmartPros Accounting News & Insights February 6, 2012   Home | Member Services | News | Resource Library | Career Center | Professional Education | Marketplace | Investor Relations

IN THIS ISSUE Newsline: IRS: Identity Theft Crackdown Sweeps Across the Nation Feature: CEOs: There is Room for Improvement in Measurement of Non-Financial Value CPE: Bankruptcy Tax Issues Book Pick: Bankruptcy and Insolvency Taxation, 4th Edition Web version | Archive & subscriptions | Email us  NEWSLINE IRS: Identity Theft Crackdown Sweeps Across the Nation The Internal Revenue Service and the Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft. Also in Tax News: What You Need to Know About Your 2011 Tax Return Possible IRS Rule Change Alarms Charter Schools Tax Refund Delay Possible In Other News: Accounting Methods by U.S. Can Be Puzzling Sony Forecasts Annual Loss of $2.9B Will Facebook Deliver an IPO Surprise? Charge Hurts UPS Profit, but U.S. Business Surges Avon Products fires former CFO in investigation What to Expect from the CPA Exam   FEATURE 75% of CEOs Admit There is Room for Improvement in the Measurement of Non-Financial Value In the wake of the financial crisis, three-quarters of the world's CEOs say more emphasis should be placed on measuring the value of non-financial assets such as intellectual capital and customer relationships to drive long-term performance, according to research from the American Institute of CPAs and Chartered Institute of Management Accountants.   ONLINE CPE NEW FROM SMARTPROS ADVANTAGE: Bankruptcy Tax Issues The Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to minimize abuse of the bankruptcy system. Included in this Act were tax law changes and other changes that individuals, partnerships, and corporations will see in the bankruptcy procedures and qualifications. This course both examines these changes that debtors will face when filing for federal bankruptcy and also explores the many tax issues of bankruptcy. Practitioners will also learn about other issues such as homesteading and garnishment by creditors. Register today  BOOK PICK Bankruptcy and Insolvency Taxation, 4th Edition By Grant W. Newton, Robert Liquerman  The thousands of mergers, acquisitions, and start-ups that have characterized the past years of business have created an increasing number of corporations in financial trouble: specifically, a shortage of venture capital or quick cash. Consequently, bankruptcy protection is now viewed as a strategic move to protect corporations from their creditors and allow them to reorganize. Fully revised and updated with new case studies and the latest coverage of regulations, Bankruptcy and Insolvency Taxation, Fourth Edition provides the answers to the questions financial managers will have on the tax aspects of bankruptcy strategy. Buy this book

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