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Snubbed Again! And a Sincere Apology
By Stacie Clifford Kitts CPA
I don’t get it. I didn’t make Accounting Today’s top 100 most influential people a-g-a-i-n. I mean, they don’t appear to think that my stay home tax practice or my quirky blog posts are influential enough to name. But I guess I should have been tipped off when I wasn’t contacted to supply a cute pic or provide a snappy bio.
*Heavy sigh* I guess there is always next year….
This year’s list includes many predictable faces. It also includes some fun new ones. Some of which I include in my list of Facebook friends.
Michelle Golden of Golden Practices makes this year’s list. Yeah Michelle. Michelle is the lady you want to know if you are looking for some social networking techniques that will benefit your CPA firm.
Geni Greer Whitehouse also makes the list – Geni is an expert in accounting technology and shares this with her accounting clients through her consulting services.
Other influential women listed are:
- Teresa Mackintosh, General Manager and Senior Vice President, Workflow & Service solutions, Americas – Professional, Tax & Accounting business of Thomson Reuters. (Good job, but might I suggest that you think about shortening up that title – what a mouthful!)
- Krista McMasters, CEO Clifton, Gunderson
- Gale Crosley, Present of Crosley &+Co.
- Cindy Fornelli, Executive director, Center for Audit Quality
- Rita Keller, President Keller Advisors
- Judy O’Dell, Chair FASB Private Companies Financial Reporting Committee
- Nina Olson, National Taxpayer Advocate IRS
- Rebecca Ryan, Founder Next Generation Consulting
- Mary Schapiro, Chair SEC
- Sue Swenson, President, and CEO Sage North America
- Jennifer Warawa, Senior director of partner programs Sage North America
- Sandra Wiley, Partner, senior consultant and COO, Boomer Consulting
- Jennifer Wilson Co-founder and owner, Convergence Coaching
My personal congratulations to all the professionals who made this year’s list.
On another note – Dear Geni – I screwed up.
Geni Greer Whitehouse provided me a copy of her fabulous book How to Make a Boring Subject Interesting so I could post an interview on my blog. To date I haven’t sent her any questions – this does not speak well for my follow through skills. Which really are good – I swear – or I wouldn’t have the client base that I have?
Regardless, I owe Geni an apology so let’s make it public –
Dear Geni
I want to send you my sincere apologies for failing to send you the list of questions for the interview. You may notice that I have ordered another copy of your book. This is because the initial copy that you so gracefully sent was “barrowed” by a client. It was apparently so helpful that I never saw it again. I will get those questions over to you. I found your book to be quite helpful. It played a key role in helping me to win a best speaker ribbon.
So there it is my lame excuse. If there was any good to come from my failure, it was what I learned 1) never lend out a book before I’m done with it, 2) don’t forgot – branding is important but consider the time investment and follow through necessary to pull off your strategy.
IRS Patrol:IRS Seeks New Issues for the Industry Issue Resolution Program
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WASHINGTON — The Internal Revenue Service is encouraging business taxpayers, associations and other interested parties to submit to the Industry Issue Resolution (IIR) program tax issues for resolution involving a controversy, a dispute or an unnecessary burden on business taxpayers.
The objective of the IIR program is to resolve business tax issues common to significant numbers of taxpayers through new and improved guidance. In past years, issues have been submitted by associations and others representing both small and large business taxpayers, resulting in tax guidance that helps thousands of taxpayers.
Recent submissions accepted into the IIR program include:
- Network assets in the telecommunications industry (unit of property)
- Asset class determination under Revenue Procedure 87-56 for wireless telecommunication assets
- Vendor mark down allowances in calculation of inventory under the retail inventory method
- Network assets in the utilities industry (unit of property)
Guidance issued as a result of the IIR program includes:
- Technical terminations of publicly traded partnerships – procedures for requesting relief, delegation of authority for granting relief, and a sample closing agreement documenting the conditions under which relief is granted. (Industry Director Communication LMSB-04-0210-006)
- Auto Last In First Out – for automobile wholesalers, manufacturers and dealers regarding the proper treatment of the dollar-value, LIFO inventory method for pooling purposes of crossover vehicles, which have characteristics of trucks and cars. (Revenue Procedure 2008-33)
For each issue selected, an IIR team of IRS and Treasury personnel gather relevant facts from taxpayers or other interested parties affected by the issue. The goal is to recommend guidance to resolve the issue. This benefits both taxpayers and the IRS by saving time and expense that would otherwise be expended on resolving the issue through audits.
IIR project selections are based on the criteria set forth in Revenue Procedure 2003-36. For each issue selected, a multi-functional team of IRS, Chief Counsel, and Treasury personnel will be assembled. The teams will gather and analyze the relevant facts from industry groups and taxpayers for each issue and recommend guidance.
Requests for guidance on tax issues under the IIR program can be submitted at any time to IIR@irs.gov. Submissions received are reviewed semi-annually with selections next being made from issues submitted by September 30, 2010.
Stacie's Tax Stuff 