The Swiss government announced this week that it will respect a Swiss court decision last week that declared parts of a deal reached in August with the United States illegal under Swiss law and would reopen talks with the United States.
Organizations collecting contributions for Haiti are popping up everywhere, and as always, so are the scams that misuse those donations. That's why Yele Haiti, a not-for-profit group founded by Haitian musician Wyclef Jean is finding itself under scrutiny.
All members of Congress came together late last week with both the House and Senate voting unanimously to approve legislation that will allow eligible taxpayers to claim a deduction on their 2009 income tax returns for contributions to earthquake relief efforts in Haiti.
The U.S. House of Representatives voted unanimously to approve legislation that would allow taxpayers to take a deduction on their 2009 tax return for 2010 contributions to relief efforts for Haiti earthquake victims.
The resources that a modern day accountant can utilize exist to make their lives easier and, in turn, make their customers happier. This seems like a win-win situation for all, and the best part is that the technology needed to accomplish this inexpensive and easy to use.
Congress's health plan is projected to cost $849 billion over the next decade according to a Congressional Budget Office estimate. That's why they are shining their searchlight into every corner, looking for places where they can raise taxes to pay the price.
The news for comedian Sinbad seems to grow worse every day. So far, he owes the state of California $2.5 million, and his growing total debt to the federal government now stands at $8.15 million. Meanwhile, a famous author and mistress has lost her home and faces a large tax debt.
Refunds may be smaller this year for some people, and paychecks will definitely be smaller in 2010 than in 2009, because of the Internal Revenue Service's withholding calculations for the Making Work Pay Credit.
Every year the National Taxpayer Advocate submits a report to Congress which takes a critical look at the IRS. It’s her job to identify at least the 20 most serious issues taxpayers face in dealing with the tax agency, and to recommend solutions.
In December of last year, the IRS released the first major redesign of the form 990 in nearly 30 years in order to keep pace with the increasing size, diversity and complexity of the tax-exempt sector.
According to a recent study by USAA, 9% of Baby Boomers with AGIs of $100,000 or more are planning to do a Roth IRA conversion in 2010, and more than half (57%) are not aware that the income limits on conversions are eliminated in 2010.
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.