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Lesson From The Tax Court: When Payments To A Pastor Are Not Gifts (TaxProf Blog) - There, Justice Cardozo said that there is no bright-line rule. Instead, the key judgment is about the intent of the person making the payment. If the payment âproceeds from a detached and disinterested generosity...out of affection, respect, admiration, charity or like impulsesâ then the payment is a gift. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Association of International Certified Professional Accountants Addresses Digital Economy Tax Issues (JofA) - Cross-border taxation of digital transactions presents many challenges to countries and multinational companies. Some countries have acted unilaterally to impose digital taxes, while international organizations have been working to develop multinational approaches. How to Create Voice Memos on Your iPhone or iPad (PC Mag) - Need to record a conversation, speech, or note? Here's how to use the Voice Memos app for iOS devices. College Majors Offering Best, Worst Employment Prospects (Fox Business) - More than four-in-10, or 43 percent, of college grads were underemployed in their first job, according to a study by Burning Glass Technologies. Americans Save Less to Sustain Spending as Income Gains Cool (Bloomberg) - Americans kept on spending in September as income gains cooled, pushing down the savings rate to the lowest this year. Inflation matched the Federal Reserveâs target, reinforcing the central bankâs outlook for gradual interest-rate hikes. Taxation Accounting/Audit |  TOP 5 MOST READ
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