Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror
Cellphones

Submission + - 4G: is it worth the hype? (skunkpost.com)

crimeandpunishment writes: Cell phone companies are about to bombard us with advertising for the next big thing: 4G access. The first 4G phone, Spring Nextel's EVO, comes out this week. But just how big is 4G? Is it fast enough to warrant the hype, or are consumers better off waiting a while? Associated Press technology writer Peter Svensson looks at the difference between 4G and 3G technology.
The Almighty Buck

Submission + - IRS Wants a Cut of Sales on eBay and Craigslist

Ponca City, We love you writes: "In 2009 $60 billion worth of items were sold on eBay, meaning "extra" money for many sellers, whose activities may provide them with taxable income. Now the Washington Post reports that beginning next year, a new law will require "the gross amount of payment card and third-party network transactions to be reported annually to participating merchants and the IRS" and for their 2011 tax returns, "taxpayers who annually sell more than $20,000 worth of goods and have more than 200 electronic transactions" will receive a new IRS form, known as 1099-K, reporting the proceeds. The new tax issues shouldn't be a concern for people who sell just a few small items online for less than they paid for them because as the IRS points out, income from auctions that resemble a garage or yard sale "generally" isn't required to be reported. But if an online garage sale turns into a business with recurring sales and purchases of items for resale, it may be considered an online auction business. "Generally, transactions resulting in a gain are reportable, regardless of whether the taxpayer is conducting a business," says Gil Charney, principal tax researcher at The Tax Institute at H&R Block. "Even taxpayers who are not operating businesses have tax implications when they sell something for profit." The real reason behind the law is simple: Research shows taxpayers do a much better job of reporting taxable income when they know the IRS is receiving information about their transactions. "Time and time again, we have seen that better information reporting helps the system by ensuring that everyone pays what they owe," says IRS Commissioner Doug Shulman. "The new law gives us an important new tool for closing the tax gap and also provides business taxpayers better documentation to compute and report their income and expenses.""

Submission + - Students show dramatic drop in empathy (psychologytoday.com) 1

MotorMachineMercenar writes: Several news sources report that today's college students show a precipitous drop in empathy. The study of 14,000 students shows that students since year 2000 had 40% less empathy than those before them, and the article has a laundry list of culprits, from child rearing practices and self-help movement to free market economy and income inequality. There's also a link so you can test your very own level of narcissism. Let's hope slashdot crowd doesn't break the lack of empathy -counter.

Slashdot Top Deals

"I have five dollars for each of you." -- Bernhard Goetz

Working...