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Monthly Archives: September 2011

Kindle Books Now Available at Local Libraries

We’re excited to tell you that starting today, Kindle and Kindle app customers can borrow Kindle books from more than 11,000 libraries in the United States. When you borrow a Kindle book from your local library, you’ll find all the unique features you love about Kindle books:

– Whispersync automatically syncs your margin notes, highlights and bookmarks – even once you return a Kindle book to your library, we’re going to back up your notes and bookmarks, so the next time you check out the book (or if you decide you want to buy the Kindle book) your notes and bookmarks will be there, waiting for you.

– Read Everywhere – when you check out a Kindle book from your local library, you can read it on your Kindles and your free Kindle apps for the most popular devices and platforms.

– Real Page Numbers – our page numbers match the page numbers in print books, so you can easily reference and cite passages and read alongside others in your book club or class.

– Facebook and Twitter Integration – Share meaningful passages with friends and family with built-in Twitter and Facebook integration.

– Wireless delivery – Your Kindle library books can be delivered via Wi-Fi, so there’s no need to transfer books to your Kindle via USB

To learn more about borrowing Kindle books from your local library, go to: http://www.amazon.com/kindle/publiclibraries. To find out if your library will have Kindle books available, visit your library’s website.

We love libraries – they’re a great way to discover new authors and genres, so we’re excited to hear what you think of getting Kindle books at your local library. Let us know!

by Kindle Editors on 09/21/2011

 

IRS Issues Guidance on Tax Treatment of Cell Phones; Provides Small Business Recordkeeping Relief

WASHINGTON — The Internal Revenue Service today issued guidance designed to clarify the tax treatment of employer-provided cell phones.

The guidance relates to a provision in the Small Business Jobs Act of 2010, enacted last fall, that removed cell phones from the definition of listed property, a category under tax law that normally requires additional recordkeeping by taxpayers.

The Notice issued today provides guidance on the treatment of employer- provided cell phones as an excludible fringe benefit. The Notice provides that when an employer provides an employee with a cell phone primarily for noncompensatory business reasons, the business and personal use of the cell phone is generally nontaxable to the employee. The IRS will not require recordkeeping of business use in order to receive this tax-free treatment.

Simultaneously with the Notice, the IRS announced in a memo to its examiners a similar administrative approach that applies with respect to arrangements common to small businesses that provide cash allowances and reimbursements for work-related use of personally-owned cell phones. Under this approach, employers that require employees, primarily for noncompensatory business reasons, to use their personal cell phones for business purposes may treat reimbursements of the employees’ expenses for reasonable cell phone coverage as nontaxable. This treatment does not apply to reimbursements of unusual or excessive expenses or to reimbursements made as a substitute for a portion of the employee’s regular wages.

Under the guidance issued today, where employers provide cell phones to their employees or where employers reimburse employees for business use of their personal cell phones, tax-free treatment is available without burdensome recordkeeping requirements. The guidance does not apply to the provision of cell phones or reimbursement for cell-phone use that is not primarily business related, as such arrangements are generally taxable.

Details are in the memo and in Notice 2011-72, posted today on IRS.gov.
IR-2011-93, Sept. 14, 2011

 
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Posted by on September 19, 2011 in Tax Relief

 

IRS Provides Tax Relief to Victims of Hurricane Irene

WASHINGTON –– The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by Hurricane Irene.

The IRS announced today that certain taxpayers in North Carolina, New Jersey, New York, Vermont and Puerto Rico will receive tax relief, and other locations are expected to be added in coming days following additional damage assessments by the Federal Emergency Management Agency (FEMA).

The tax relief postpones certain tax filing and payment deadlines to Oct. 31, 2011. It includes corporations and businesses that previously obtained an extension until Sept. 15, 2011, to file their 2010 returns and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter of 2011, which would normally be due Sept. 15.

Full details, including the start date for the relief in various locations and information on how to claim a disaster loss by amending a prior-year tax return, can be found in tax relief announcements for individual states on this website.

The tax relief is part of a coordinated federal response to the damage caused by the hurricane and is based on local damage assessments by FEMA. For information on disaster recovery, individuals should visit disasterassistance.gov.

Tax Relief Available So Far

Filing and payment relief is currently available to taxpayers in federal disaster areas declared in North Carolina, New Jersey, New York State, Vermont and Puerto Rico. The IRS expects to announce tax relief for taxpayers in other areas as damage assessments continue. The IRS encourages taxpayers and tax practitioners to monitor Tax Relief in Disaster Situations on this website for updates.

So far, IRS filing and payment relief applies to the following counties and municipalities:

In Vermont: Chittenden, Rutland, Washington and Windsor;
In North Carolina: Beaufort, Carteret, Craven, Currituck, Dare, Halifax, Hyde, Lenoir, Onslow, Pamlico, Pitt, Tyrrell and Washington and;
In New Jersey: Bergen, Essex, Morris, Passaic and Somerset;
In New York: Albany, Delaware, Dutchess, Essex, Greene, Nassau, Rensselaer, Schenectady, Schoharie, Ulster and Westchester; and
In Puerto Rico: Caguas, Canovanas, Carolina, Cayey, Loiza, Luquillo and San Juan.

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IR-2011-87, Sept. 1, 2011

Page Last Reviewed or Updated: September 02, 2011

 
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Posted by on September 4, 2011 in Tax Relief