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TaxAlmanac Receives Distinguished Industry Recognition Recognized as a Top Innovation of 2006 by CPA Technology Advisor

Intuit's TaxAlmanac was recently awarded one of five Tax and Accounting Technology Innovation Awards given annually by CPA Technology Advisor at the California Accounting & Business Show & Conference in Los Angeles on June 5th.

Selected from over 75 entries, TaxAlmanac is the innovative tax research web site that allows registered users to update and maintain research content and assist each other through collaboration. Since being launched in May of 2005, participation and feedback have been outstanding.

During the awards ceremony, TaxAlmanac was noted for its use of "Wiki" technology to provide a free interactive tax research portal for professionals. Each year, the awards are given to recognize significant developments or advancements in technologies that benefit the tax and accounting professions.

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- This site is CLOSED - go to www.TaxProTalk.com
- COD exclusion-why use if don't need?
- Canadian NR has business in US
- Active S-Corp Dist in Excess of Basis and NII
- So much for June 1!

- Equitable or Beneficial Ownership
- Current events
- Australia Protocol
- Internal Revenue Bulletin 2007-16
- Internal Revenue Bulletin Index - 2007

Income Tax

• Rev. Rul. 2006-29 - Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate.
• T.D. 9260 - Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations
• REG-144784-02 - Notice of Proposed Rulemaking by Cross-Reference to Temporary Regulations Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations
• Rev. Rul. 2006-28 - LIFO; price indexes; department stores
• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Employee Plans

• Rev. Proc. 2006-27 - Administrative programs; correction programs
• Notice 2006-49 - Weighted average interest rate update

Estate Tax

• Rev. Rul. 2006-26 - IRA, marital deduction

Exempt Organizations

• Announcement 2006-36 - Foundations Status of Certain Organizations
• Announcement 2006-37 - Deletions From Cumulative List of Organizations Contributions to Which are Deductible Under Section 170 of the Code

Employment Tax

• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Excise Tax

• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Administrative

• Rev. Proc. 2006-22 - Methods of Determining W-2 Wages for Purposes of the § 199(b)(1) Limitation on the § 199 Deduction for Income Attributable to Domestic Production Activities
• Rev. Proc. 2006-24 - Informs the trustee (or debtor in possession) representing the bankruptcy estate...

Five Key Websites For Tax Season

Current Tax and Accounting

• Tax Extenders Legislation Advances in Senate Accounting Today
• Simplified Option for Claiming Home Office Deduction Now Available; May Deduct up to $1,500; Saves 1.6 Million Hours A Year IRS
• House Ways and Means Chairman Camp Releases Tax Reform Proposal Accounting Today
• IRS Offers Health Care Tax Tips to Help Individuals Understand Tax Provisions in the Affordable Care Act IRS