$500,000 Profit in 90 days

We tried to tell you.

Back on the 20th of January, AccountingWEB ran a story on the auction of the domain name www.taxes.com.

At the time the asking price was just $260,000.

Here we are 90 days later, and the current bid for the domain name is at a whopping $700,000!

Some quick thinking deep-pocketed firm could have made a nice windfall this quarter. So, the price is now $700,000. Anybody willing to gamble at this price?

You may like these other stories...

By Cathy Stopyra and Todd SimmensUnderpayment interest, refund interest, and penalties charged to businesses are just a few of the considerations the IRS calculates when determining taxation for a given company. Though...
FASB mulling a revamped income statementDavid M. Katz of CFO wrote on Tuesday that the Financial Accounting Standards Board (FASB) is in the early stages of researching whether to launch a project aimed at improving and...
Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...

Upcoming CPE Webinars

Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.