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Thursday, November 29, 2012

Moderate exercise enhances memory and preserves gray matter

Exercise can improve your memory and preserve brain cells, researchers find November 28, 2012 A short burst of moderate exercise enhances the consolidation of memories in both healthy older adults and those with mild cognitive impairment, scientists with UC Irvine’s Center for the Neurobiology of Learning & Memory have discovered. http://www.kurzweilai.net/exercise-enhances-memory-and-preserves-gray-matterbrief-exercise-immediately-enhances-memory-uci-study-finds?utm_source=KurzweilAI+Daily+Newsletter&utm_campaign=6c491c1736-UA-946742-1&utm_medium=email http://betterhealthtmbc.blogspot.com/2012/11/moderate-exercise-enhances-memory-and.html

Tuesday, November 27, 2012

Standard mileage rates go up a penny in 2013

BY PAUL BONNER NOVEMBER 21, 2012 Optional standard mileage rates for use of a vehicle will go up by 1 cent per mile for 2013, the IRS said Wednesday (Notice 2012-72). Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile. http://www.journalofaccountancy.com/News/20126897.htm

Cyber Monday likely to be busiest online sales day

By MAE ANDERSON, AP Retail Writer NEW YORK (AP) — Americans clicked away on their computers and smartphones for deals on Cyber Monday, which is expected to be the biggest online shopping day in history. http://www.google.com/hostednews/ap/article/ALeqM5grCzSS_P86zGK2TFf-gAvLYbEG2w?docId=e0ef65a14e88430d815d3f6ee1506401

Tuesday, November 20, 2012

Consequence of not patching AMT now!

Journal of Accountancy TAX Failure to enact AMT patch could push start of tax season to March for millions, IRS warns BY SALLY P. SCHREIBER, J.D. NOVEMBER 20, 2012 As the end of the year approaches, media attention is focused on the “fiscal cliff,” but a much more immediate result of Congress’s inaction threatens the 2013 filing season: the alternative minimum tax (AMT) patch, which expired at the end of 2011. The IRS warns that the start of tax season could be delayed for millions of taxpayers if the AMT patch is not enacted by the end of the year. The problem is serious enough that the acting IRS commissioner, Steven T. Miller, wrote a letter to Sen. Max Baucus, D-Mont., chair of the Senate Finance Committee, on Nov. 13, 2012. The IRS Oversight Board followed up with a second letter on Nov. 19, urging Congress to act and saying, “We do not believe that the IRS has ever faced such a formidable operational risk.” For 2011, the AMT exemption amount was $48,450 for single taxpayers and $74,450 for married taxpayers filing jointly. At that level, 4 million taxpayers paid AMT for 2011, according to Miller. Without the patch for this year, however, the exemption reverted to $33,750 for individuals and $45,000 for married filing jointly, which, the IRS estimates, will cause 28 million more taxpayers to be subject to the tax, giving them a much larger tax liability than they had anticipated. The IRS also noted that the ordering rules that dictate how tax credits apply to regular income tax and AMT have also expired and need to be fixed as well. Because twice in the past when the AMT patch has expired, it has been reinstated retroactively, the IRS made the decision this year to maintain its tax filing systems “as-is” for the 2013 filing season. As a result, if the AMT patch and tax credit ordering rules are not enacted, the IRS warns of significant delays in the upcoming filing season. The programming changes it would have to make to its processing systems would mean it would have to notify 60 million taxpayers that they may not file a tax return or receive a refund until late in March 2013 and possibly later. A lesser problem, but one that still may cause delays in the 2013 filing season, is the expiration of a number of special tax breaks, including the educators’ deduction for classroom expenses. Miller noted that these deductions were reinstated late in the year in 2010 (mid-December), which delayed the 2011 filing season by four weeks for 9 million taxpayers while the IRS made the necessary changes. Having to deal with similar issues this year will cause inconvenience and delay for a large number of taxpayers, but would be much more manageable than the problems caused by failing to act on the AMT, Miller said. —Sally P. Schreiber (sschreiber@aicpa.org) is a JofA senior editor.

Friday, November 16, 2012

Ray Kurzweil at Tucson Technology Conference

"A kid in Africa has more technology at his disposal than the president of the United States did 15 years ago."

Google sells more ads than combined US newspapers

(Credit: Statista/Google) Newspapers have continued to churn out the same content while watching their advertisers steadily flee for sites like Craigslist, Yahoo, the Huffington Post/AOL, Facebook, and Google, says writer Will Oremus in Slate Future Tense. . The chart above, from Statista’s Felix Richter, plots Google’s digital advertising revenue against the print advertising revenue of all U.S. newspapers and magazines. The Guardian‘s Roy Greenslade estimates that Google’s total revenue also now exceeds that of the entire U.S. newspaper industry even when you count digital ads. http://www.kurzweilai.net/google-has-officially-eaten-the-newspaper-industry?utm_source=KurzweilAI+Daily+Newsletter&utm_campaign=6abd1cce17-UA-946742-1&utm_medium=email

Wednesday, November 14, 2012

Better AICPA Graphic Than 2011

Here is 2011 Graphic:
Here is how 2012 should reflect:

Accumulated Deficit

Doubling the efficiency of wireless networks to cope with increasing data traffic

New full-duplex method could have broad impacts on mobile Internet and wireless industries November 14, 2012 Graduate students Yiming Ma and Ali Cagatay Cirik work with vector signal generators and a vector signal analyzer Two professors at the University of California, Riverside Bourns College of Engineering have developed a new method that doubles the efficiency of wireless networks and could have a large impact on the mobile Internet and wireless industries. http://www.kurzweilai.net/doubling-the-efficiency-of-wireless-networks-to-cope-with-increasing-data-traffic?utm_source=KurzweilAI+Daily+Newsletter&utm_campaign=55b40681e0-UA-946742-1&utm_medium=email

IRS Warns AMT Could Affect 60 Million Taxpayers Unless Patched

WASHINGTON, D.C. (NOVEMBER 13, 2012) BY MICHAEL COHN The head of the Internal Revenue Service told lawmakers that if Congress fails to extend the traditional patch for the Alternative Minimum Tax, approximately 60 million Americans could be affected and about 33 million taxpayers could pay the AMT for tax year 2012. http://www.accountingtoday.com/news/IRS-Warns-AMT-Taxpayers-Patched-64643-1.html?ET=webcpa:e6311:85046a:&st=email

Thursday, November 08, 2012

How the Internet of everything will change the world

November 8, 2012 From the Internet of Things (IoT), where we are today, we are just beginning to enter a new realm: the Internet of Everything (IoE), where things will gain context awareness, increased processing power, and greater sensing abilities, says Cisco in their blog. Add people and information into the mix and you get a network of networks where billions or even trillions of connections create unprecedented opportunities and give things that were silent a voice. http://www.kurzweilai.net/how-the-internet-of-everything-will-change-the-world?utm_source=KurzweilAI+Daily+Newsletter&utm_campaign=029cad3e46-UA-946742-1&utm_medium=email

Friday, November 02, 2012

Your future smartphone and tablet will have 48 cores: Intel

But will more power-efficient intelligent neurosynaptic chips replace them? November 2, 2012 by Amara D. Angelica Single-chip cloud computer (credit: Intel) Intel researchers are working on a 48-core processor for smartphones and tablets — making them many times more powerful than today’s desktop computers within the next five to ten years, reports Computerworld. http://www.kurzweilai.net/your-future-smartphone-and-tablet-will-have-48-cores-intel?utm_source=KurzweilAI+Daily+Newsletter&utm_campaign=8aff440235-UA-946742-1&utm_medium=email