2011 Southwest Regional Education Conference registration closing
What better way to relax ahead of the busy tax season than a weekend getaway to the AAA-Four Diamond Barton Creek Resort & Spa? The AAA-CPA invites you to attend the 2011 Southwest Regional Education Conference, Jan. 21-23. Hotel reservations MUST be made by Jan. 7 to get the discounted rate! Barton Creek features some of the region's most beautiful views while also boasting the number 1 and 2 ranked golf courses in Texas. Don't miss out on the many networking opportunities or education sessions. This program will provide up to 7.5 hours of CPE and CLE/MCLE on a 50-minute hour track and 6.25 hours of CLE/MCLE on a 60-minute hour track. Attorney-CPAs; both members and non-members are encouraged to attend and bring their families. To register online visit www.attorney-cpa.com. More
IRS Tax Committee -- Initial monthly conference call
The AAA-CPA IRS Tax Committee will hold its first monthly conference call on Tuesday, Jan. 18 at 2 p.m. EST.
Issues to be discussed will include increasing our participation in national and local IRS/Practitioner Meetings, key issues our organization will be advising IRS on, and other organizational matters.
Please join us. Your conference call number is: 712-432-0075 and passcode is 499385.
Capital Area members welcome to join The Association of Practicing Certified Public Accountants at member rate
The AAA-CPA is pleased to inform our Capital Area members that we are jointly working with The Association of Practicing Certified Public Accountants (APCPA) to offer discounts to our members and theirs to attend various seminars in the surrounding DC area. The APCPA is a 300-person educational organization that sponsors e-mail tax rap sessions as well as monthly tax rap sessions, holds formal and informal meetings and workshops in the DC area and publishes a newsletter and a content-rich website for its members. Seminars are held in Rockville, Md. Any AAA-CPA member that would like to attend an APCPA event may do so at the member rate and vice-versa. We hope you'll take advantage during the times that the Capital area chapter is unable to meet. Further information on the APCPA can be found online at www.apcpaonline.org. Their next seminar is scheduled for Jan. 12 and will be a Real Estate Seminar from 8:30 a.m. to 11:30 a.m. followed by a TAX RAP program on Jan. 18 from 8 a.m. to 10 a.m. More
FREE IRS Collection Program: Defending Against Levies & Liens, Jan. 25 in Waltham, Mass.
On of our newest members, Morris Robinson of M. Robinson & Company, P.C., are sponsoring a free morning breakfast & seminar at the Bentley University, MA for CPA's, Lawyers, & Business Owners (free 4 CPE credit). The speaker panel includes: Joseph Darby III of Greenberg Traurig Law; Michael Matuszczak, Settlement Officer of the IRS Appeals Office; Araceli Rios, IRS Senior Stakeholder Liaison; William S. Croupe of the IRS Taxpayer Advocate Office; Norman LeBlanc of Kahn, Litwin, Renza & Co., Ltd.; Morris N. Robinson of M. Robinson & Co., P.C.; Matthew A. Morris of M. Robinson & Co., P.C. Further details may be found by clicking here. For further information, visit http://www.masstaxlawyers.com/, request audio file, or call 617-428-4994. More
AAA-CPA members quoted in 40th anniversary article from Tax Analysts
Tax Analysts, the publisher of Tax Notes, is celebrating its 40th anniversary. In connection with its anniversary, it asked its readers for a notable tax achievement, namely, "What is one of the most significant changes to tax administration, practice, or policy that you have seen in your professional career?" Here is a link to the electronic version of the Tax Analysts special anniversary edition. A few AAA-CPA members are quotes in the article. You may access the article by clicking here. Reprinted with permission by Tax Analysts.
Tax man will cometh 3 days late this year
The Morning Call Share
The Internal Revenue Service isn't usually known for its flexible nature, but it has decided to give people a little more time to file their taxes. It you haven't heard yet, April 15 is Emancipation Day -- at least in the nation's capital -- so this year taxpayers get a three-day reprieve on paying the piper. More
Changing corporate tax is a tricky balancing act
The New York Times (blog) Share
The Obama administration takes its first concrete steps toward tax reform when about 15 business executives are to join Treasury officials in the conference room of Secretary Timothy Geithner. The executives, the chief financial officers of major companies like Disney, Procter & Gamble, Cisco and Caterpillar, will begin a ground-level discussion of overhauling corporate taxation. More
Missing kids returned by new tax law?
It's strange to think about, but many parents who violate court orders and abduct their children continue to pay federal taxes while hiding out -- living on the run...or establishing a new life elsewhere. Some even claim their children as dependents on their returns. Yet the IRS can't share that information with local law enforcement. Minnesota Senator Amy Klobuchar's bill would change that. More
Wealth planning under the 2010 Tax Relief Act: Temporary estate and gift tax planning opportunities
State Bar of Wisconsin Share
The 2010 Tax Relief Act signed into law last month provides temporary estate and gift tax relief that will have an important impact on estate planning for the next two years. Susan Minahan and Brad Kalscheur discuss planning opportunities and challenges the Act provides estate planners. More
New estate tax law begins this year
The Union Share
After much anticipation, the new estate tax law signed by President Obama in December brings major changes for taxes due on assets held by persons dying in 2011. Without the new law, estates of over $1 million were to be taxed with a maximum rate of 55 percent. More
Estate planning: Liability for unpaid agents acting under a power of attorney
The Lake County News Share
In 2011, uncompensated agents who act under a power of attorney as another's agent for financial and property affairs may now be held more easily accountable for a loss to the principal's property. Previously, uncompensated agents were not liable unless the loss resulted from the attorney-in-fact's bad faith, intentional wrongdoing or gross negligence. That immunity allowed some uncompensated agents to act irresponsibly to the detriment of the principal. More
No sign of movement on Illinois tax proposal
The Associated Press via Bloomberg Share
A drive to raise Illinois taxes dramatically was stuck in "park" as Democratic leaders came and went without comment and legislators waited for hours. Gov. Pat Quinn met with the Illinois Senate president and House speaker to strategize on their efforts to raise income taxes and sales taxes. All three left through back exits after the meeting rather than answer questions. More
New York assembly may tie property-tax cap to city's rent rules
The New York Times Share
Democratic leaders in the State Assembly are signaling that they are ready to embrace a cap on local property taxes, which could clear the way for its passage this year. The cap, popular with voters in New York's suburbs, who pay some of the highest property taxes in the nation, is one of Gov. Andrew M. Cuomo's top priorities and already has support from the Republican-led State Senate. More