E-Sources, broadcast the second and fourth Friday of each month, provides timely information about issues affecting the accounting profession, educational opportunities, and special events.

In this Issue:
1. Nominations for the 2007 Leadership Academy Class Being Accepted
2. Tax Info: IRS Identifies 40 Frivolous Positions for Taxpayers to Avoid; IRS Web Site, Where’s My Refund? See Increased Use; IRS Releases 2006 Data Book  
3. CFOs - 404 Compliance Back at Square One
4. Survey - Congressional Changes Will Impact Business Tax Policy
5. The Value of Job Tenure
6. GSCPA Web Site Feature of the Week
7. CPE News

THE GSCPA IS NOW ACCEPTING NOMINATIONS FOR THE 2007 LEADERSHIP ACADEMY: The Leadership Academy motivates employees to apply the leadership and development skills learned to their company, organization, and personal life. Following the four-session program, the graduating class will be empowered with skills to increase productivity, life morale, and improve quality. Dates, locations and nomination forms for the 2007 Leadership Academy Program are available on our web site.

TAX INFO: IRS Identifies 40 Frivolous Positions for Taxpayers to Avoid - The IRS has issued guidance identifying dozens of frivolous positions that taxpayers should avoid when filing their tax returns. The guidance lists 40 positions which have no basis for validity in existing law or which have been deemed frivolous by the United States Tax Court or other federal court.

IRS Web Site, Where’s My Refund? See Increased Use - The IRS has released statistics today showing that taxpayers’ use of IRS.gov, which includes features such as “Where’s My Refund?” is increasing. Use of the IRS Web site has increased 9 percent over this time last year to 83.3 million visits.

IRS Releases 2006 Data Book - The IRS has announced that its 2006 Data Book is available on the IRS Web site. The report describes activities conducted by the IRS from October 1, 2005, through September 30, 2006, and includes information about returns filed and taxes collected, enforcement, taxpayer assistance and the IRS budget and workforce.

CFOS - 404 COMPLIANCE BACK AT SQUARE ONE: Mismatches between the internal-controls proposals of the SEC and the PCAOB will keep compliance with Section 404 of the Sarbanes-Oxley Act overly burdensome and costly, CFOs think.

SURVEY - CONGRESSIONAL CHANGES WILL IMPACT BUSINESS TAX POLICY: The results of a recent study reflect an opinion that while companies do not believe broad-based tax reform is imminent, the change in Congressional control will have a significant impact on tax policy for business in specific industries as revenue offsets are at a premium.

THE VALUE OF JOB TENURE: It's not unusual today for people to change jobs periodically during their lifetimes. While carefully planned transitions can bring new challenges and greater rewards, too much moving around can be detrimental as well.  

GSCPA WEB SITE FEATURE OF THE WEEK: You can renew your membership dues, and dues for your entire firm directly online. Visit the MY MEMEBERSHIP tab, and then select “Pay My Dues.” From there you will be able to choose to renew dues for yourself individually, or renew dues for multiple members of your firm or company. 

CPE NEWS: The 2007 CPE Catalog is now available online. To search courses for the year, please visit our web site. The print catalog and reference guide will be hitting mailboxes in mid-April.

Taking You to New Heights at the Spring Decision Makers Conference; April 24-25 at the Cobb Galleria Centre. Early registration deadline is April 3. Topics and speakers include Union Organizing Today - An Overview on Law & Techniques by Clifford H. Nelson, Jr., and The 7 Lifestyle Habits of Incredibly Healthy People by Dr. Joe Esposito.

Just What You Have Been Wishing For – The 2007 Spring Government Workshop; Topic: GASB Update by G. Robert Smith, Jr. of Middle Tennessee State University, Murfreesboro, Tenn; May 11 at the Macon Conference Center.

The Solution to Your Real Estate Needs – The 2007 Real Estate Conference; May 17 at the Cobb Galleria Centre. Topics and speakers include an Economic Update by Roger Tutterow and Demographic Influences on Development in Atlanta by Tom Bell.

Comments/suggestions? Please email jetzbach@gscpa.org.  

The next issue of E-Sources will be released Friday, April 13, 2007.