December 10, 2008
Editor's Note
There's some interesting news in the tax world as we progress to the end of the year. The IRS is ramping up its efforts to obtain information about taxpayers with foreign bank accounts and has signed an agreement with Liechtenstein to obtain information. Meanwhile in the states, irate TurboTax users are staging a revolt on Amazon.com over what they see as an unwelcome price increase in their favorite tax software program. AccountingWEB is unveiling its own version of tax holiday cheer with a knock-off of "The Twelve Days of Christmas," called "The Twelve Days of Tax Savings." Happy holidays to all and enjoy a peaceful lull before the tax season storm.

Best regards,
Gail Perry, CPA
Managing Editor
editor@accountingweb.com



Past Tax Zone Supplements

November 19, 2008
October 22, 2008
August 20, 2008
July 23, 2008
June 18, 2008
May 21, 2008
April 30, 2008
March 19, 2008
February 20, 2008



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TurboTax turmoil: Online reviews pan the top selling software
The holiday season doesn't seem to be very jolly for TurboTax 2008, at least not on Amazon.com where 171 online product reviewers have panned the perennial best selling software with one-star ratings. more >>
Another sentencing announced in Aegis tax sting
Timothy Shawn Dunn, a Chesterton, IN, resident, was sentenced to 210 months in prison by U.S. District Judge Charles R. Norgle, the Justice Department and Internal Revenue Service (IRS) announced this week. more >>
IRS offers tips for Saver's Credit
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2008 and the years ahead, according to the Internal Revenue Service. more >>
Blog: TaxMama Tips in Times of Business Downturns - an Outline
Your business and your clients' businesses do not have to fail, or even struggle. This is a great time for a business to shine. But you will have to face some hard truths about yourself and your circumstances - and help your clients do the same. You're going to need to be brutally honest with yourself, your workers, your family and your vendors. Use these 5 tips to help yourself and your clients, too. more >>
Liechtenstein agrees to share information with IRS
On Monday, December 8, the Internal Revenue Service signed an agreement with the government of Liechtenstein whereby Liechtenstein will exchange information pursuant to IRS audits. more >>
The Twelve Days of Tax Savings
You remember the song, The Twelve Days of Christmas. Here at AccountingWEB, we're offering our alternative from a financial perspective, The Twelve Days of Tax Saving. Check back each weekday bewteen December 8 and December 23 for a new and useful pre-year-end tip for cutting your tax dollars. more >>
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