Internal Revenue Service

• Former Bixby Energy CFO Sentenced (FBI)

  July 18, 2012

  Dennis Desender received 97 months for misleading investors and tax evasion.

• U.S. Sets Bank Data-Sharing Rules

  By Richard Rubin, Bloomberg  |  June 22, 2012

  Japan and Switzerland negotiate with U.S. on procedures for sharing information on U.S. account holders.

• IRS Resists Whistleblowers

  By Jesse Drucker and Peter S. Green, Bloomberg  |  June 20, 2012

  Agency pays few rewards, although it receives many tips of tax underpayments.

• Corporate Cash Revised Lower

  By Susan Kelly  |  June 15, 2012

  Fed slashes nonfinancial companies’ cash holdings by almost $500 bln.

• Chesapeake to Overhaul Board

  By Joe Carroll and Jim Polson, Bloomberg  |  June 4, 2012

  Under pressure from Carl Icahn, energy company names four new directors.

• Chesapeake CEO No Longer Chair

  By Joe Carroll, Bloomberg  |  May 1, 2012

  Company also halts CEO McClendon’s well deals.

• Average 401(k) 62% Above Low

  By Margaret Collins, Bloomberg  |  May 1, 2012

  Fidelity says average account balance has risen to $74,600, from $46,200 in Q1 2009.

• Tax-Evasion Probes Said to Slow

  By David Voreacos, Bloomberg  |  March 27, 2012

  Justice Department has lost almost 30% of tax prosecutors

• Offshore Cash Hoards Expand

  By Richard Rubin, Bloomberg  |  March 2, 2012

  Big companies added $187 bln to overseas accounts in last year, Bloomberg says.

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  New Repair Rules

  By Susan Kelly  |  March 1, 2012

  The IRS makes it easier for companies to take losses on building components they have replaced.