TheBlueandWhite - TECH FORUM A Blue and White January By Michael Castelluccio Editor AS THE CALENDAR NUMBERS TUMBLE and we approach the end of the

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Center in all but the Free and Basic versions. The Center has more than 350 deductions along with ItsDeductible®, the “blue book” for charitable donations. The Business version includes customized interview forms for S Corporations (1120S), C Corporations (1120), partnerships/LLCs (1065), and estates and trusts (1041). Lasser’s 2009 This year’s oversized J.K. Lass- er’s™ Your Income Tax 2009 is 816 pages, and it ranges from a review of “Tax News for 2008” in its opening pages to a very useful glossary of terms near the end of the volume. The tax guide explains and highlights the midyear changes and multi- ple tax bills introduced this sea- son. What’s new on 2008 returns includes a zero tax rate on capital gains and qualified dividends for taxpayers in the 10% or 15% tax bracket; a new first-time homebuyer credit of up to $7,500 for those who purchased a home after April 9, 2008, and whose income is below set limits—the credit must be repaid to the federal government (without interest) ratably over 15 years, in most cases; and an additional stan- dard deduction of up to $500 ($1,000 on joint returns) for real estate taxes of homeowners who don’t itemize their deduc- tions. Additionally, the basic IRA contribution has been increased to $5,000, those 50 or older by year end can add another $1,000, and surviving spouses who sell their home within two years of the other spouse’s death qualify for a $500,000 home sale exclusion for gain. Along with the usual wealth of tax prep information, this year’s guide includes six tax breaks to help those who lost their job. The Lasser support network includes the web- site (a subscription-based Web service) and the free e-mail newsletter. The paperback guide is available for $18.95. AS THE CALENDAR NUMBERS TUMBLE and we approach the end of the first full decade of the century, it might not be a bad time to look up and see how comput- ing is faring in the upper atmospheres. Some say the phenomenon of cloud computing has only been with us for two or three years. Others say it’s as old as the Internet itself. It depends on how you define it. America’s tech encyclopedia, Wikipedia, begins with the assumption that the “cloud” in cloud computing, metaphorically, is the Internet. Cloud computing, then, according to the editors, is “a style of computing in which IT-related capabilities are provided as a service allowing users to access technology-enabled services from the Internet (‘in the cloud’) without knowledge of, expertise with, or control over the technology infrastructure that supports them.” This is the SaaS (Software as a Service) dimension. The wiki editors then quote an article from IEEE Computing to outline the architecture. “Cloud Computing is a paradigm in which information is per- manently stored in servers on the Internet and cached temporarily on clients that include desktops, entertain- ment centers, tablet computers, notebooks, and hand-
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This note was uploaded on 11/02/2010 for the course IS IS535 taught by Professor Howardfredericks during the Spring '09 term at Keller Graduate School of Management.

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TheBlueandWhite - TECH FORUM A Blue and White January By Michael Castelluccio Editor AS THE CALENDAR NUMBERS TUMBLE and we approach the end of the

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