document.createElement(‘aside’);

http://www.accountingtoday.com

Print

Email

Reprints

The Internal Revenue Service has removed a rule requiring that a discharge of indebtedness for which a Form 1099–C, ‘‘Cancellation of Debt,’’ must be filed occurs when a 36-month non-payment testing period expires.

The IRS released final regulations Thursday removing the three-year period for filing the form.

The IRS and the Treasury Department are concerned the rule leads to taxpayer confusion and doesn’t increase tax compliance by debtors or provide the IRS with third-party information that could be used for taxpayer compliance.

The final regulations, which took effect Thursday, mainly affect financial institutions and government entities.

Be the first to comment on this post using the section below.

‘);
var $text = $(”).text(text);
var $meta = $(”);

var $newComment = $comment.append($text).append($meta);
if ($(‘.no-comments’).length) {
$(‘.no-comments’).after($(”).append($newComment));
$(‘.no-comments’).remove();
} else {
$(‘#comments-box .comment’).last().after($newComment);
}

$(‘.comments-count’).each(function(){
$(this).text(+$(this).text()+1);
});
}

function ajaxBusyTest() {
buttonOff();
setTimeout(buttonOn, 3000);
}

var commentOptions = {
client_id: ‘webcpa_news’,
story_id: ‘79851’,
user_id: ”,
comment_message: ” // textarea or NOCOMMENT
};

function postComment(options, callback, doButtonOff) {
callback = callback || function(){};
doButtonOff = typeof doButtonOff === ‘undefined’ ? true : doButtonOff;

var opts = $.extend(true, {}, commentOptions);
$.extend(true, opts, options);

if (doButtonOff) buttonOff();

$.ajax({
type:”POST”,
url: ‘/apps/custom/ajax_post_comment.php’,
data: opts,
success: function(data) {
callback($.parseJSON(data));
if (doButtonOff) buttonOn();
}
});
};

function showNotification(message) {
$.fancybox(message+’

Return to article.’);
};

$.fn.extend({
charWarden: function (outSelector, limit) {
return this.each(function(){
var $this = $(this);
var $out = $(outSelector);
var _limit = limit;
var _chars = 0;
function handler(e) {
_chars = e.target.value.length;
var left = _limit – _chars;
if (left = (page-1)*listCount i 3 (page (pageCount -2)) {
showMin = pageCount – 4;
if (showMin ‘;
if (page 1) {text += ‘

«

‹

‘;}
while (count ‘ + count + ”;
if (showMax != count) {
text += ‘ | ‘;
}
text += ”;
count++;
}
if (page ›

»

‘;}
text += ”;
$(pagination).html(text);
}
function scrollToTop(){
$(‘html, body’).animate({
scrollTop: parseInt($(“#comments”).offset().top)
}, 700);
}
showPage(page);
if (pageCount 1){
buildPagination(page,pageCount);
$(pagination+” li.arrow_double_right a”).live(‘click’,function(){
page = pageCount;
showPage(page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.arrow_right a”).live(‘click’,function(){
showPage(++page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.numbers a”).live(‘click’,function(){
page = $(this).data(‘number’);
//console.log(“pageCount: “+pageCount+” page: “+page);
showPage(page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.arrow_left a”).live(‘click’,function(){
showPage(–page);
buildPagination(page,pageCount);
scrollToTop();
});
$(pagination+” li.arrow_double_left a”).live(‘click’,function(){
page = 1;
showPage(page);
buildPagination(page,pageCount);
scrollToTop();
});
}
}

$(function(){ // DOM ready
paginateComments();
$(‘.scroll-into-view’).each(function(i){if (i == 0) this.scrollIntoView();});

$(‘.reset-form’).click(function(e){
e.preventDefault();
this.form.reset();
});

$(‘#comment_message’).charWarden(‘#chars-remaining’, 4096);

$(‘.comment-notify’).click(function(e) {
e.preventDefault();
var options = {
comment_notify: ‘TRUE’,
comment_message: ‘NOCOMMENT’
};
var notification = function(data) {
if (data.success) {
$(‘.not-following’).hide();
$(‘.following’).show();
showNotification(data.success);
} else if (data.error) {
showNotification(data.error);
}
};
postComment(options, notification);
});

$(‘#wrapperForm’).on(‘submit’, function(e) {
e.preventDefault();
var options = {
comment_notify: $(‘#comment_notify’).prop(‘checked’) ? ‘TRUE’ : ”,
comment_message: $(‘#comment_message’).val()
};
var notification = function(data) {
if (data.success) {
if ($(‘#comment_notify:checked’).length) {
$(‘.not-following’).hide();
$(‘.following’).show();
}
document.wrapperForm.reset();
addPostOptimistically(options.comment_message);
$(‘#comment_message’).change();
} else if (data.error) {
showNotification(data.error);
}
};
postComment(options, notification);
});

$(‘a.username’).fancybox({
‘hideOnOverlayClick’: false,
‘centerOnScroll’ : true,
‘autoScale’ : false,
‘autoDimensions’ : false,
‘width’: 435,
‘height’: 205,
‘onClosed’: function() {
if ($(‘#do-refresh’).length) location.reload();
}
});
}); // end DOM ready
})(jQuery);