This CPA Musing relates to a new prepaid card Walmart is going to offer that has many bank account features. See this article in USA Today by Hadley Malcolm for more information:http://www.usatoday.com/story/money/personalfinance/2012/10/08/walmart-prepaid-card/1620539/Hopefully this is the road other prepaid cards go, but we will have to see! Since Walmart wasn’t allowed to become a bank, this is the result and could be better long term than the Bank of Walmart. Remember, for financial, accounting and tax musings, You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Tax Musings: Former IRS Official Charged with Exposing Whistleblower’s Identity
This CPA Tax Musing asks the question: Is there anyone at the IRS that doesn’t get involved with fraud, have conflict of interest issues or discloses confidential information? See this article in Accounting Today by Michael Cohn:http://www.accountingtoday.com/news/irs-official-charged-exposing-whistleblower-identity-64196-1.html?ET=webcpa:e6144:204199a:&st=emailI guess the good thing about these problems is that they are all ‘former IRS employees!’ Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com
CPA Financial Musings: Many card companies dumping credit-protection plans
Many credit card companies are now dropping high-profit credit-protection plans. This article in USAToday by Susan Tompor talks about the reasons:http://www.usatoday.com/money/perfi/credit/story/2012-09-05/credit-card-protection/57614236/1These plans won’t go away entirely, so be on your guard since they benefit the credit card companies more than the consumer. Remember, for financial, accounting and tax musings,You can count on us to count for you! email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com