| A.
R. Kakhsaz Company
an accountancy corporation
Member
American Institute of
Certified Public Accountants
International associates:
Tavana & Co.
Chartered Accountants
Toronto, Canada
Tel.416-229-2221
|
Whistleblower law:
A new federal
tax law authorizes the IRS to pay up to
30%, but at least 15%, of whatever
amount the IRS collects including
taxes, penalties and interest to the
whistleblower.
The IRS hands out rewards to tipsters,
informant claims and rewards, from
1967 through 2005:
Rewards claimed 257,596
Rewards allowed
19,976
Rewards paid
$89 million
Collections by IRS $2.97 billion
Since 1967, the IRS has paid rewards
on less than 8% of all informants'
claims. The IRS says that most of the
tips it receives from informants don't
justify a reward. Radio
listening: Spanish-language
and other ethnic radio programming is
growing in popularity. Here's the
percentage change in the audience size
from Fall 1998 to Spring 2006:
Spanish
66%
Contemporary hits
6
News/talk/information
5
Rock
-20
Oldies
-19
Adult contemporary
-18
The average compensation
for chief
executives of large companies in 2005
was $11 million. That's 370 times as
much as that of the average worker.
The IRS audited 17,000 or 6.3% of all
individual income-tax returns reporting
income of $1 million or higher during
2006. Northrop Grumman,
a Los Angeles
based defense contractor company,
proposes to buy and modify several
Israeli-built, high resolution spy
satellites, to be used by the U.S.
Excerpt from a court
proceeding:
A: The autopsy started around
8:30 p.m.
Q: And Mr. Dennington was dead at
that time?
A: No, he was sitting on the table
wondering why I was doing an autopsy.
For more of the Generalist, please visit our website
at ARKCPACOM.
|
theGeneralist,
a one-page monthly publication of the accounting firm of A. R.
Kakhsaz Company, is in its 13th year of providing information,
presented fairly and accurately, from sources we can depend upon and
trust.
Trees are dying
in large numbers in
cities all over the U.S. Satellite
reconnaissance shows metropolitan
areas in the eastern U.S. have lost 30%
of their cover in the past 20 years.
Experts believe that some 635 million
trees need to be planted in cities
nationwide. Urban tree loss, due
mainly to developmental sprawl,
contributes to the decline in air quality
as well as flooding problems in metro
areas. Tree roots and the soil they are
in soak up excess water, and trees
consume carbon dioxide that would
otherwise contribute to green house
gases.
Greenhouse gas
emissions are
rising despite Kyoto, says the U.N.
Britain's government issued a dire
projection of the cost of inaction.
Meanwhile, U.S. Geological Survey staff
was ordered to tell top brass before
promulgating work counter to the Bush
administration policy.
Circumcision of men
can reduce by
half their risk of getting the AIDS virus
through heterosexual intercourse,
announced the National Institutes
of Health of the U.S. government. The first
major clinical trial, of 3,000 men in
South Africa, found last year that
circumcision cut the HIV risk by 60%.
But it isn't perfect protection. Men who
become circumcised mustn't quit using
condoms or take other risks as
circumcision doesn't offer any protection
from HIV acquired through anal sex or
injection drug use.
Economic recessions
are not only
hard to predict, it is even hard to tell that
the economy is in recession once it has
begun.
We see more in numbers
- than just numbers...
Ali R. Kakhsaz, CPA, MAcc
www.arkpca.com
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