2006 - Page 34 of 34 - Journal of Accountancy

The magazines

January 1, 2006

IRS to Outsource Debt Collection

provision in the American Jobs Creation Act of 2004 (AJCA) allows private collection agencies (PCAs) to collect federal tax debts. The IRS recently announced it expects to award the first three contracts for private debt collection in February 2006 and begin implementation in June 2006. The service will enter into

January 1, 2006

Financial Literacy

The AICPA 360 Degrees of Financial Literacy program has provided additional resources to help CPAs and state societies educate the public on financial matters related to couples and marriage, home ownership, life crises and retirement. Eight previously issued resource kits addressed general financial literacy and life stages including career, childhood,

January 1, 2006

Most Returns, But Fewest Audits

Source: Transactional Records Access Clearinghouse, Syracuse, N.Y., www.trac.syr.edu .

January 1, 2006

Honorees Admitted to B&I Hall of Fame

Three CPAs—Clark Blackman II, Ralph Kauten and Jean Trainor—were inducted by the Institute and Ajilon Finance into the AICPA Business & Industry Hall of Fame in recognition of their strategic insight, business expertise and leadership skills. Blackman, managing director and chief investment officer of Investec Advisory Group LP, is a

January 1, 2006

The Last Word: David Berger

DAVID BERGER, CPA Corporate controller VNU New York, New York My brother and I were born the same year and were in the same grade in school. He wanted to be a lawyer and I wanted to be something different. I was always good with numbers, and I saw accounting