Baldwin Tax Blog

Not a good sign, from the CPA Daily Letter

§ IIceland close to bankruptcy as financial crisis worsens
Iceland may become the first country to go bankrupt because of the financial crisis. The country is having to atone for a 10-year binge of investment and spending during which banks and residents expanded well beyond their means. The Icelandic government has been working to get ahead of issues, but the crisis is moving too fast, taking down banks and other companies, along with many residents' life savings. Kaupthing Bank, Iceland's largest lender, was nationalized today. International Herald Tribune (10/9) , Financial Times (10/9)

10/5/08

Been a heck of a week. Credit/equity markets in turmoil. Traditional due date of extended income tax returns is just ten days a way. What next?

teaching your child to save money

Take a look at feedthepig.org

Dr. Earl F. Davis, RIP

Dr. Earl F. Davis. my professor of taxation has died at age 82. His obituary is in the Athen Banner Herald today. He was a great tax professor who cared for his students as very few did.  His student progeny is great and will remain a testament to his life's work.  He was a legend in the class room, always demanding the best from his students. In my opinion, he made the University of Georgia's tax program.