IRS Criminal Investigations Drop with Staff Cuts

Chart of IRS staffing levels

Investigations are down 20 percent.

By CPA Trendlines Research

Despite high-profile victories in the Credit Suisse and Bank Leumi cases, the IRS’ Criminal Investigation Division is struggling with lower staffing levels and a continuing decline in the number of cases pursued. READ MORE →

Two Ways to Retire, and One’s Not Pretty

Older businessman taking a coffee breakThe graceful way to slow down and phase out.

By Marc Rosenberg
Retirements & Buyouts

There are two ways that partners slow down as they approach traditional retirement age:

Announced – the “cooperative” way to slow down. The partner openly and willingly informs the partners that she wishes to slow down. This change in status is usually related to the retirement process, but some partners who are not retirement-minded may wish to work less than full time in order to pursue other life goals.

MORE ON RETIREMENT: Mandatory Retirement Varies by Firm Size | How to Transition Clients from Retiring Partners | Retirement Plan Funding? What Funding? | Retirement Vesting: The Devil’s In the Details | When Retiring Partners Take a Specialty With Them | Three Ways to Calculate Goodwill Payable in Partner Buyouts, None of Them Great | The Multiple of Compensation Method, Fully Explained | Clients Leaving? Time to Reduce Retirement Benefits | Partners May Balk at Guaranteeing Retirement Obligations

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Unannounced – the “uncooperative” way to slow down. In these instances, the partner is either unwilling to cooperate with his partners in working out a sensible, fair phase-down period or is unaware that he needs to phase out of the firm.

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