
In last week's AccountingWEB Weekly Earful, we discussed methods for manipulating the sheets within an Excel workbook file. There is a lot more that can be said on the subject, so we've decided to have another Sheets session this week.

At the end of August, an Iowa district court approved a $180 million settlement against Microsoft in an anti-trust class action suit.

Starting next year, casinos and card rooms must withhold 25 percent of winnings over $5,000 for anticipated tax payments. The IRS released a new revenue procedure this week, which will apply to payments made on or after March 4, 2008.
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Administration is hosting Women in Business Week, from
September 10-14, 2007. An entire week's worth of events have
been built around this distinguished lecture series, including
a panel discussion featuring various female business leaders
from the Dallas/Fort Worth area.
CPAs provide mortgage and refinancing tips in Today's subprime climate House Ways and Means addresses AMT and tax code simplification IRS corrects Section 179 inflation adjusted amounts
Members of Congress are talking about the Alternative Minimum
Tax again and, again, the nation waits with fingers crossed.
The AMT has long-ago outgrown its purpose which was to ensure
that 155 wealthy taxpayers didn't get away with paying no tax
on their income. Left unchanged, the tax is now expected to
affect 30 million taxpayers by 2010. Len Burman of the Urban-
Brookings Tax Policy Center had this and much more to say about
the tax: "The AMT violates virtually every principle of tax
policy. It is not fair: it penalizes married couples, includes
nasty bracket creep, and disallows many legitimate deductions,
such as certain legal fees." Many others spoke on behalf of
ending or at least changing the AMT at a hearing last week. I
daresay most Congressmen couldn't compute the AMT on their own
tax returns if they were pressed to do so. Perhaps that should
be a test as to whether a tax can be made into law.
Gail Perry
Editor
editor@accountingweb.com
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