Publisher's Note
 The latest cost-cutting move by the U.S. Postal Service could save it up to $500 million next year. USPS is offering workers $15,000 to quit. The incentive package, negotiated with unions, would give eligible employees $10,000 during the first quarter of fiscal year 2010, and another $5,000 during the first quarter of fiscal 2011.
Would you take that offer from your employer? Tell us!
Rob Nance
Publisher
AccountingWEB, Inc.
publisher@accountingweb.com
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Minimize or defer income taxes
I have a client that received a very large one time severance payment and payout of an unqualified long-term incentive plan upon termination of employment. Any suggestions on how to best minimize income taxes in 2009 or at least some deferral?
Add your input!
Software implementation
I have been reading SOP 98-1 and it discusses capitalizing internal payroll for those employees working on certain phases of a software implementation. Can bonuses be capitalized if the base salary is being capitalized?
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Congratulations to our IPOD Shuffle winners from the Illinois CPA Society Accounting & Finance Showcase!
Geoff Schlender
Lyday & Associates, LTD
Joliet, IL
Shawn S. Lazarian, CPA
Lazarian Financial Corp. CPAs
Highland, IN
Linda Pezzullo, CPA
Jonlyn & Associates, Inc.
Wheaton, IL
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The IRS is expanding its use of one of its analytical tools to ferret out people who earn more than they claim they make on their tax returns. That tool is the Form 1098 on which mortgage interest is reported...
