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Friday, April 22, 2011

Location, Location, Location

The proliferation of smartphones is changing the meaning of the above 'location' mantra.

Apple Inc.'s iPhones and Google Inc.'s Android smartphones regularly transmit their locations back to Apple and Google, respectively, according to data and documents analyzed by The Wall Street Journal—intensifying concerns over privacy and the widening trade in personal data.
WSJ Technology Editor Julia Angwin reports Apple's iPhone and Google's Android regularly transmit user location data back to those companies, based on data analyzed by The Wall Street Journal.

rch firm Gartner Inc.

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Thursday, April 07, 2011

Answers to your last-minute tax questions

Doing your taxes is daunting, even if your financial life isn’t particularly complicated. Forty percent of Americans believe that cutting their own hair is less dangerous than filing their taxes, according to a survey by OfficeMax. Maybe that’s why up to a quarter of taxpayers wait until the final two weeks of the filing season to file their returns. To help readers get over the hump, USA TODAY asked members of the American Institute of Certified Public Accountants to answer their last-minute tax questions.

Tuesday, April 05, 2011

IRS Reminds Taxpayers of April 18 Filing Deadline


The Internal Revenue Service reminded taxpayers and preparers Monday that they have only two weeks to go before the April 18 filing deadline.
As of March 25, the IRS has received more than 82 million individual income tax returns, which is 58 percent of the 141 million returns expected this year. The IRS has received about the same number of returns so far this year as it did at this time last year, while processing of returns is up 3 percent from the same time last year.
Numerous economic recovery tax credits are also still available. The IRS reminded taxpayers that for some credits, such as the Making Work Pay Credit, individuals must claim the $400 ($800 for married couples) in order to receive it. (Use Schedule M to calculate Making Work Pay credit.)
Usually, 20 to 25 percent of all taxpayers file in the final two weeks of the tax season. And, usually, about 7 percent of taxpayers seek a six-month extension to file.
Taxpayers have an extra weekend to file this year because of a District of Columbia holiday. The deadline for 2011 is Monday April 18, instead of April 15.