 | AccountantsWorld Daily News |
| 3/15/2016 |
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Taxation Of Lawsuit Awards And Settlements: Getting To The Origin Of The Claim (Forbes) - In general, if you sue somebody and either win the suit or negotiate a settlement, your award is fully taxable under Section 61. There is an exception, however, under Section 104(a)... ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Interest Rates Remain the Same for the Second Quarter of 2016 (IRS) - The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2016. The rates will be: 3 % for overpayments (2%) in the case of a corporation... Why Are Products "Sometimes" Taxable? (CPA Practice Advisor) - Just when you thought you had a handle on the rules for taxing goods and services, you come face to face with the new compliance bully on the block: âsometimes taxable.â PCAOB Gets Budget Increase of Almost 3% (JofA) - The PCAOBâs budget will mostly be paid for with an accounting support fee totaling $253.3 million. Public companies will be assessed $220.9 million and broker-dealers $32.4 million to reach that total. Amazon wants to replace 'awkward passwords' with smiling selfies (CNN Money) - Amazon (AMZN, Tech30) is looking into allowing shoppers to pay with a selfie. The online retailer has filed a patent application for the technology, saying it is more secure and less "awkward" than traditional passwords. Taxation Accounting/Audit | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Sierra Nevada Time Lapse   |