Domain Names for Sale?

Just when you thought all the good domain names were gone, you’ve got another chance. The International Corporation of Assigned Names and Numbers (ICANN) has announced that it will be accepting applications and a non-refundable fee of $50,000 for expanding the Web to feature site suffixes other than .com, .net and .org.

The public will have the opportunity to comment on proposals until the cut-off date of Oct. 2. After that, the finalists will be announced in November. However, there are a few confusing factors that have turned the potential of a rush of new ideas into more of a false start. For example, the board hasn’t decided just how many different domains will be accepted. As things stand now the number is between three and 20.

Still, there is a buzz about some potential names such as .movie, .bank, .web and .site. For those interested who aren’t willing to fork over $50,000 until ICANN comes up with more definite guidelines, waiting may just be the thing. So far no proposals have been submitted.

You may like these other stories...

Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released...
As complex as federal tax can get, at least you're only dealing with one agency: the IRS. But when you get into state and local sales tax, you're coordinating hundreds of jurisdictions that are constantly changing....
All that was needed on Tuesday was a voice vote for the House of Representatives to pass a bill that would prevent state and local governments from taxing access to the Internet.Now the ball is in the Senate’s court....

Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
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.