Forbes.com – The Future Of Selling: It’s Social.

Forbes.com – The Future Of Selling: It’s Social. Companies aren’t adapting quickly enough. Read full article.

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IRS advises Non Resident Aliens to pay attention to special instructions to complete Form W-4

On January 26th, IRS published Notice 1392 regarding the special instructions for Non Resident Aliens (NRA) receiving compensation in the United States. NRAs must follow special instructions to complete Form W-4. Com­pensation for dependent personal services includes amounts paid as wages, salaries, fees, bonuses, commissions, compen­satory scholarships, fellowship income, and similar payments made to NRAs as employees.  [...]

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INTERESTING TECHNOLOGY – TurboTax unveils mobile app to file taxes on smartphone

TurboTax tested its new mobile app for filing taxes last year in California, where it was limited to state tax returns. By Sandra Block, USA TODAY You can make a restaurant reservation, check your bank balance, and shop online with your smartphone, and now you may be able to do your taxes, too. Today, Intuit’s [...]

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HANDS ON: 10 New Tablets Ready to Challenge the iPad [VIDEOS]

One of the standout trends of CES 2011 was the tablet. No fewer than 80 tablets were on display from manufacturers from across the globe, each hoping to take a piece of the growing market, led by the iPad. Most of the tablets, unsurprisingly, were running Android. With details of Android 3.0 Honeycomb just starting to eke out in [...]

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Supreme Court Rules for IRS, Against Medical Residents

The Supreme Court has ruled unanimously in favor of the Internal Revenue Service, saying that medical residents are full-time employees who are subject to payroll taxes and don’t qualify for the student exemption. Read full article.

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Skype hits new record of 27 million simultaneous users

Even though video chat has been available in some form or another for a good few years, it seems to only really be hitting its stride now, perhaps owing to the fact smartphones are no longer the brick-shaped and -sized beasts they once were. The latest evidence for this trend comes from Skype, who unveiled [...]

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Gabby and Others – Sending Love

Congresswoman Gabrielle Giffords became a friend of the Arizona Society of CPAs when she served in the Arizona legislature. She listened to us and asked us questions about business, taxes and financial matters. She carries these traits with her to Congress, where members of the ASCPA have met with her. I have a signed picture of [...]

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Taxpayer Who Maintained Log for 77% of Trips Allowed Full Amount of Claimed Auto Expenses

It’s not often we see the taxpayer win when the IRS attempts to disallow claimed auto expenses by pointing at §274(d)’s requirements—but in the case of Barajas v. Commissioner, TC Summary Opinion 2011-2, the IRS failed to prevail.

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IRS Email Suggests That Maximum §6707A Penalty Applies to Passthroughs Who Fail to Disclose Reportable or Listed Transactions

An IRS email (Chief Counsel Email 201101012) that gives cause for concern was released by the IRS to begin the new year.  While clearly far from an official IRS pronouncement or one that is binding on the IRS, an email from the Chief Counsel’s office written shortly after the passage of modifications to §6707A gives [...]

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Minimal Use of Area for Personal Purposes Disqualifed Area From Inclusion as Part of Office in the Home

The Tax Court found it implausible in the case of Rayden v. Commissioner (TC Memo 2011-1) that the taxpayers in question had truly used 70% of their personal residence exclusively for business purposes, and rather accepted the IRS’s finding that only 43% of the residence met the requirements.  The case serves to again remind us [...]

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