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In the Zone: Tax Zone
December 22, 2010    
Practice Management - An Intuit Prolineā„¢ Solution
Our new Software as a Service (SaaS) based practice management solution will allow you to save time and increase your productivity by using one application to track and update client contact, engagement, and billinformation across Lacerte and QuickBooks real-time, anytime, and from any place. Free Pilot Offer.
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Happy Holidays from Thomson Reuters
Tax Talk Today Launches New 2011 CPE Plan – 15 CPE Credits, $187.50
Editor's Note
Gail Perry, CPA, Managing Editor Thanks to our always entertaining members of Congress, what we know as the Bush tax cuts will probably hang around until after the next presidential election. The good news is that new tax legislation provides a reason to contact our clients, fodder for small talk around the water cooler (even if it's a virtual water cooler like Facebook), and fresh ammunition for heated political arguments with family members over holiday meals. The new legislation also means some interesting changes, including that short-term reduction in Social Security withholding, an end to the pre-payment of Earned Income Tax Credit, and plenty of other fascinating and controversial bits. Lower tax rates apparently aren't enough of a Christmas present for certain jolly red-suited gentlemen this season who might not be paying their fair share of taxes. Humbug!

Best wishes,
Gail Perry, CPA
Managing Editor
Happy Holidays from Thomson Reuters
From our office to yours—We're sending our best wishes for a wonderful holiday and happy New Year. Learn more about us.
Obama signs tax bill into law
President Barack Obama signed a tax bill into law Friday that allows tax cuts for all income levels to continue for another two years and extends unemployment benefits for the next 13 months.
Santa Claus, other seasonal employees risk making IRS naughty list
Santa might not have made the IRS's naughty list, but industry experts anticipate the agency could soon get more aggressive when it comes to ensuring proper wage and income reporting for seasonal workers.
Accountant/serial killer is the focus of Stephen King short story
If you notice clients looking at you suspiciously this tax season, it could be because they have just read Stephen King's A Good Marriage, one of the tales in his latest collection of short stories, Full Dark, No Stars.
Tax Talk Today Launches New 2011 CPE Plan – 15 CPE Credits, $187.50
Tax Talk Today
Take advantage of our Pre-Season Offer: 8 interactive webcasts featuring experts from the IRS in lively panel discussions with tax professionals about current and complex tax issues. For a limited time, you can earn 15 CPE credits during 2011 for only $187.50. Tax Talk Today is brought to you by the NAEA, Tax Analysts and Tax.com.
Withholding tax tables available from IRS
The Internal Revenue Service has released the 2011 Percentage Method Tables for Income Tax that were developed as a result of the recently passed Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.
Does tax court jurisdiction extend to U.S. Virgin Islands?
Generally, a U.S. citizen or resident who has income from sources within the U.S. Virgin Islands or income effectively connected with a trade or business in the Virgin Islands is required to file an income tax return with both the United States and the U.S. Virgin Islands.
AICPA recommends changes to SEC proposed ruling for family offices
A proposed ruling from the U.S. Securities and Exchange Commission exempts family offices from any requirement to register with the SEC under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
ATX - Integrated tax and accounting software for your small firm
Partner News
BNA Income Tax Planner application includes tax law changes
BNA Software recently announced that the company has released version 2010.5 of its BNA Income Tax Planner for general availability. Version 2010.5 reflects the tax law changes contained in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
CCH offers comprehensive coverage of 2010 tax relief legislation
CCH recently announced it is delivering resources to ensure tax professionals have access to the information and analysis they need to understand and apply provisions of the just-enacted Tax Relief Act.
Thomson Reuters offers analysis of Tax Relief Act on Checkpoint
The Tax & Accounting business of Thomson Reuters has issued an analysis of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
Kaplan Weekly Quiz
KaplanAre you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz.
Your Tax Mama Knows Best
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