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February 19, 2009

Publisher's Note “You cheated!  I’m telling on you!”  I can hear those words in my head as clearly as yesterday.  Back in the third grade, Sally Jensen spotted Ricky Tompkins cheating on a social studies quiz, then belted out her finding to the class as if she’d stumbled upon a pile of gold.  Sally’s voice echoed in my head throughout college and well into adulthood, especially around tax time!  Maybe someone should track her down and get her to be a spokesperson for the IRS!   Check out our story on the 2008 Taxpayer Attitude Survey that was conducted by the IRS Oversight Board.  The click-thru for the full survey is at the bottom of the article.  Good lunchtime reading! Rob Nance Publisher AccountingWEB, Inc. publisher@accountingweb.com Don't Just Recruit Cool, BE Cool Final Stds on Going Concern, Sub Events To Be Eff. June 15 Managing Gen Y Divorce - Recession Style Questions & Advice Other Income I received a car from my boss as a gift for the year, I guess it could be called a bonus, not sure. Anyway, so when this year taxes came along I received a call stating that I was going to have to pay taxes on this. I then recevied a other income IRS paper in the mail for the amount of 10,000. Do I have to pay this, cause you do not have to pay taxes on a gift for under 12,000, and if so how much is going to be? Also, the car did not cost that much so how do I fix the amount? Add your input! Featured Jobs Corporate Tax Director Headway Corporate Resources Orange County, California Manager Finance- NBA D League National Basketball Association New York, New York

Featured links Live Web Demo: Workflow and compliance tools for tax and accounting professionals Live Online or Self-Study Online CPA Review Courses Free Webcast - Tax Talk Today, The Tax Show for the Tax Pro Top News Long and winding path to tax relief for Madoff victims Victims of the alleged Ponzi scheme operated by Bernard Madoff may recoup some of their investment by claiming the fraud loss as an offset to ordinary income in the year of discovery and through amended returns in previous years. more >> Achieve economic sustainability from a workforce in transition Looking for work? Consider project work Free Demonstration: Streamlining Corporate Workflow Processes Find out today why successful businesses rely on CCH as their strategic partner for time-saving income tax compliance software and workflow management tools. In less than an hour, you’ll learn how to streamline your workflow and improve your compliance processes by using the integrated CorpSystem suite. Register Now! Featured Articles Did golf pro Jim Thorpe slice the IRS? Three years of unpaid taxes, from 2002, 2003, and 2004... that's the bunker Jim Thorpe finds himself stuck in. Charges were filed in an Orlando, Florida federal court accusing Thorpe of failing to pay federal taxes - amounting to $1.6 million - on income of more than $5.2 million earned during that three year period. more >> Life in the Big Four, Part VII: Public Service Announcement and the IPO Bounty hunter Duane "Dog" Chapman hounded by the IRS U.K. accounting software firm seeks U.S. development partner Live or Self-Study CPA Review…Delivered Live Online Review Course No matter where you are, you can experience the benefits of a live classroom with Kaplan Schweser's Online Review Courses. OR Self-Study Online Review Course Receive the most up-to-date video content available with Kaplan Schweser's Self-Study Online Review Course. You'll receive the most recent archive of the Live Online Review Course, a study manual, audio CDs, flashcards, and online tools including the Kaplan Schweser Activity Planner, SchweserPro™ QBank, and InstructorLink™. Firm/State/People News IGAF Firms Interview with Shimmerman Penn LLP Shimmerman Penn LLP Principal Elaine Pantel, CGA, and Partner Maj-Lis Vettoretti, CA, agreed to tell AccountingWEB about their firm's progressive culture and comprehensive services. The two most senior female professionals at Shimmerman Penn, Pantel and Vettoretti head up the firm's architectural, design and engineering sector service group. more >> PKF Texas' excellence is recognized Beall Barclay accountants receive promotions The Tax Show for the Tax Pro Free Webcast Sponsored by the IRS Next Program: Surviving the IRS Audit Tuesday, March 10, 2009, 2:00 p.m. to 3:00 p.m. ET More Program Information Not Registered to View? Has Outlook blocked your images? If you need to right-click one of the images in this e-newsletter to see the pictures it's easy to set up AccountingWEB.com as a 'safe sender' so you don't have to do this every time you receive an e-newsletter. Select the Actions-Junk Mail menu and pick either the 'Add Sender' or 'Add Sender's Domain' option.

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