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Accountant Terms


  > Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
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  > Accounting
term that refers to the overall process of tracking your business's income and expenses, and then using these numbers in various calculations and formulas to answer specific questions about the financial and tax status of the business.
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  > Ledger
A physical collection of related financial information, such as revenues, expenditures, accounts receivable, and accounts payable.
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   Accountant News:

Our Government Has Consistently Stonewalled Our Efforts To Obtain Internal Documents Disclosing The Truth

When we learned the truth about our former accountant's extortion plan, we asked the United States attorney and the IRS inspection division to investigate. They resisted. First, IRS Inspection took a half-hearted look at the case but closed that investigation without taking the time to interview me or my sons to find out what had happened. But we kept pressing. We acquired more evidence. A new investigation was opened. A new IRS inspector recommended that my former accountant be prosecuted. But no action has been taken. It's shocking that no IRS inspector has bothered to take action against the IRS case agents and supervisors who thoughtlessly accepted and viciously pursued the false accusations made by a greed-driven former accountant. Our government has consistently stonewalled our efforts to obtain internal documents disclosing the truth. A federal judge in Fort Worth recently tired of the government's effort to hide the facts. He ordered the government to give us all the information we had asked for and to pay attorneys' fees to compensate us for the burdens it had placed upon our efforts to seek out the truth. The past four years have taken a personal and emotional toll that can never be restored. It is my hope that our suffering can be used as a mirror reflecting the need to reform an IRS that is completely out of control.

Put yourself for a moment in my shoes. Your former accountant, a person you trusted for years to oversee the accounting and tax preparation for your business, and fired because he wasn't doing the job, bargains for an incredible IRS reward, falsely tells the IRS you evaded as much as $300 million in taxes, and uses stolen information to generate private lawsuits against you. Armed IRS agents tear apart your offices, terrorize your employees, go public with the case, and after a long personally and professionally painful investigation, inevitably come up empty-handed. There were no apologies, no public corrections of the record and no efforts to write the wrongs. In the end, the IRS was concerned about one thing: Getting a release from liability for itself and its agents. What about civil rights? This was a clear-cut case for serious self-examination by the IRS. But the IRS did its best to cover its tracks, protect itself from ever having to answer for its actions, and move on to another investigation, another preferably defenseless taxpayer. I'm here today to ask you to call an end to this kind of abuse and ensure that what's happened to us never again happens to another innocent American. Thank you very much, gentlemen.

Contact our Tennessee Accountants


If you live in the following cities and need an accountant, you should contact our Tennessee Accountants as soon as possible:

  • Antioch
  • Brentwood
  • Bristol
  • Chattanooga
  • Clarksville
  • Cleveland
  • Clinton
  • Collierville
  • Columbia
  • Cookeville
  • Cordova
  • Dayton
  • Dyersburg
  • Elizabethton
  • Franklin
  • Gallatin
  • Goodlettsville
  • Hendersonville
  • Hermitage
  • Hixson
  • Jackson
  • Johnson City
  • Kingsport
  • Knoxville
  • Lebanon
  • Madison
  • Maryville
  • Mc Minnville
  • Memphis
  • Millington
  • Morristown
  • Mount Juliet
  • Murfreesboro
  • Nashville
  • Oak Ridge
  • Shelbyville
  • Smyrna
  • Soddy Daisy
  • Springfield
  • Tullahoma
       
 
Did You Know?    
 
 
Accountants work in different areas of practice.
Some accountants prefer to work alone, but in general they usually work for public accounting firms, the government or corporations.

 
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Latest News
  Latest accountant news in Tennessee and nationwide:

Jul 14, 2006 - F.E.R.C, Strengthens Customer Protection, Facilitates Investment In Electricity Industry
The Federal Energy Regulatory Commission today harmonized provisions of two key Energy Policy Act of 2005 rulemakings addr...
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Apr 27, 2006 - Office of the Chief Accountant Selects Two Professional Accounting Fellows
Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selecte...
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Aug 22, 2005 - The Respondent Worked For
By the time the respondent was hired, Fleming had already commenced, without court authorization, to use receivership asse...
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The information provided on Accountants Tennessee.com is not intended to be accounting advice, but merely conveys general information related to accounting issues commonly encountered.

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