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Federal Court Orders Microsoft to Stop Selling Word

A Texas federal court’s ruling last week that forbids Microsoft from selling new copies of Word 2003 and Word 2007 will have little impact on you and me. Technically the order restricts Microsoft from selling (or supporting) any “any infringing and Future Word Products that have the capability of opening a .XML, .DOCX or .DOCM file (”an XML file”) containing custom XML.” It is the “custom XML” language that makes the ruling unimportant for most people.

Business Owners May Be Able to Offset Salary in One Business by Losses in Another

A recent Tax Court case, Garnett v. Commissioner, could mean you may be able to offset losses from ‘part-time’ business ventures against your salary and other investment income. But the case is not as black and white as some may think it is.