Publisher's Note
I normally do not care what Robert Redford or other celebrities
have to say about economic policy, foreign affairs or pretty
much anything else of importance, but something he recently
spouted caught my attention. Redford stated: "Do you think the earth
was created by an accountant? No! The earth was created by the
combustion of a creative explosion. Fire and chaos are what
started everything. Then order came on top of that."
In these turbulent times of high unemployment rates, Conficker,
bailouts, and more...a compliment emerged from Robert Redford's
postulation. The marrying of the words "accountants" and "order"
is a remarkable, unintended compliment. We'll take it, Sundance Kid!
Rob Nance
Publisher
AccountingWEB, Inc.
publisher@accountingweb.com
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Questions & Advice
Medical Expense???
I have a client that has a totally disabled child that has a
seizure problem. We have been told to get in contact with an
organization that trains and sells dogs that are specially
trained to detect seizures. Would the cost of purchasing such a
dog and its upkeep qualify as a medical expense assuming my
client were able it deduct medical expenses?
Add your input!
1099-A
Received a form 1099A. According to my calculations I believe I
have a loss on the sale of my vacation condo. 1099-A:
outstanding loan 450,000.00; no proceeds received from sale;
Basis (cost) 485,000.00; This is a recourse loan. On the form
1099A the FMV is 350,000.00. Did I calculate this right? I went
from the IRS chart on the publication on the sale of assets.
Share your suggestions!
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Featured Articles
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Former CPA indicted for fraud, tax evasion
A Bakersfield, CA, man, his sister, and her husband have been
indicted for conspiracy to defraud the IRS and four counts of
tax evasion. An Omaha grand jury handed down an indictment that
accuses the three of hatching a scheme to avoid paying $989,000
in individual federal income taxes. They also allegedly helped
others in the North Platte, ND, area to evade another $579,000
in taxes.
more >>
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IRS employee charged with filing false returns, illegal access to data
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Madoff's accountant: When is an auditor not an auditor?
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New tax break available for recipients of unemployment compensation
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No one factor determines contractor status
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Conficker virus keeps its powder dry
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The Smart Way to Your CPA
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Keller classes may count toward the 150-hour requirement for your CPA.
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Becker CPA Review’s proven methodology is woven into coursework.
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Multi-task your accounting career by advancing further faster.
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Excel Training
HRTrainingCenter.com offers Excel training to help new and existing Excel users to better use this powerful tool.
Learn More
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