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Home   Membership   Calendar   Foundation   Links   Job Board Jan. 26, 2011
 

 
 



Book NOW for the 2011 Annual Meeting aboard Royal Caribbean headed to Bermuda
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Are you planning to cruise with us for the 48th Annual Meeting & Education Conference in June but havent made your reservations yet? Make sure to click here to see all details of the Annual Meeting and book today. Cabins are selling out quickly and we must have the group reserved by the middle of February! Don’t miss out on our group savings of over $300+ per/cabin from regular rates. Members and Non-Members we encourage you to join us! Questions? E-mail meetings@attorney-cpa.com. More



Save the Date: 2011 Northeast Regional Education Conference
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The 2011 Northeast Regional education conference will be taking place April 29-May 1 at the Seaview Resort in Galloway, N.J. This is the same location we have been to in years past and located right outside the heart of Atlantic City. We encourage you to save the date and be on the lookout for full details at the beginning of February! This is a great way to celebrate the end of tax season!

AAA-CPA study groups looking for member moderators
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Have you ever wanted to speak or moderate a session before? The AAA-CPA is seeking member volunteers to moderate their choice of study group. Study groups are hour long teleconferences done from the comfort of your office or home typically on a Tuesday or Thursday at 3 p.m. Eastern. We are currently scheduling for groups in February; March; late April; May and the summer. If you are interested, please send an e-mail to studygroups@attorney-cpa.com with the following information: proposed title of the study group; brief description and the month you are interested in moderating!



Department of Labor: ERISA Fiduciary Proposal
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article
The Department of Labor is proposing to expand the definition of "fiduciary" under the Employee Retirement Income Security Act to include securities broker-dealers who have not been designated as an ERISA "fiduciary" since the passage of ERISA more than 35 years ago. This proposal has serious implications for securities professionals who have heretofore not been designated as "fiduciaries" in the discharge of their responsibilities.

On Jan. 11 a comment was submitted to the Department of Labor concerning the proposed rule change. The comment was co-authored by three Texas securities attorneys, including Dan R. Waller, who chairs the Association's Securities Committee. While the views expressed in the comment letter were only those of the authors, their comments should be of interest to members of the Association whose practice areas could be affected by the rule change. The rule proposal can be found at www.dol.gov/ebsa/pdf/1210-AB32-039.pdf. The comments submitted by Waller can be found at www.dol.gov/ebsa/regs/cmt-1210-AB32.html.

The comment period expires on Feb. 3. Public hearings are expected to take place on March 1. The comment letter is being circulated amongst the members of the Securities Committee to determine whether the Association, through the Securities Committee, should adopt the comments of Waller and his colleagues. Click here to view the proposal.


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Past President, William H. Behrenfeld, Esq., CPA awarded an AV Preeminent Rating
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William H. Behrenfeld, Esq., CPA
AAA-CPA past president
For thirty five consecutive years, Sarasota attorney, William H. Behrenfeld, Esq., CPA has been awarded an AV Preeminent Rating by Lexis Nexis (Martindale-Hubbell). This AV Peer Review Rating identified Behrenfeld as an attorney who has attained the highest rating in legal ability and ethical standards. Behrenfeld focuses his practice on estate planning and the administration of estates and trusts. He is the author of the popular Estate Planning Desk Book, by Prentice Hall and other books and articles on tax and estate matters. He has spoken at the NYU Institute on Federal Taxation on estate planning. In addition, he has spoken before other professional development meetings, tax seminars and business associations throughout the United States. Behrenfeld is a past president of the American Association of Attorney-Certified Public Accountants.



Marc Schwartz, Esq., CPA of Atlanta, Ga. firm noted in Atlanta Business Chronicle Article
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Marc Schwartz, Esq., CPA of Atlanta recently shared the following article from the Atlanta Business Chronicle that quoted Andrew Owen of his firm regarding their International Tax/Finance expertise. More



Taxes not so certain after all
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As Washington considers reforming the tax code, tax professionals across Cincinnati and northern Kentucky are bemoaning that politics is making it harder for clients to plan for the future. The professionals point to last month's last-minute extension of the Bush tax cuts for the middle class and wealthy alike. Late into 2010, accountants and advisers were forced to run clients through multiple scenarios, and filers weren't sure if they should sell stock or invest more into their businesses. More



The IRS targets income tricks
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There's a saying: Pigs get fed and hogs get slaughtered. The Internal Revenue Service surely hopes that includes tax hogs. That is the message of a recent U.S. district court case won by the IRS against David Watson, a CPA in West Des Moines, Iowa. At issue: a common tax-cutting maneuver available to the owners of millions of closely held businesses. More

Why you should e-file your taxes
U.S. News & World Report    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Last year, TurboTax produced an infographic on filing your taxes that really drove home the importance of filing your taxes online. The most amazing statistic was that 46 million returns in 2008 were still filed on paper. Forty six million. When e-filing is so cheap, sometimes even free, it's amazing that so many people introduce more hassle into their lives by filling out a paper return, driving to the post office, and paying for registered mail to get the tome in on time. More

10 ways to avoid a tax audit
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Worried about extra scrutiny from the Internal Revenue Service? While you can never completely "audit-proof" your business's income tax return, you can take actions that will greatly reduce your chances of being flagged. More



State laws create obstacles to end-of-life planning, study finds
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article
Despite well-publicized cases like that of Terri Schiavo, most Americans still do not have "advance directives" that give caregivers instructions on the kind of care they would like to receive should they become terminally ill or permanently unconscious. This should not be a surprise, according to a new study published in the Jan. 17 issue of the Annals of Internal Medicine by researchers who looked at advance directive laws nationwide. More

Advance Care Directives a must
The Pittsburgh Post-Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An Advance Health Care Directive is a written set of instructions that state your wishes for medical treatment. In these instructions, you name a "Health Care Agent" to either follow your express wishes or to decide treatment for you if you are unable to do so, whether or not you are terminally ill or permanently unconscious. As with a power of attorney, we like to use a "rule of three" in naming at least one primary person and two backups to that person in the event of the unavailability of the primary agent. More

Health care reform brings new compliance requirements to elder law
The Connecticut Law Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The sweeping changes brought about last year through the Patient Protection and Care Act and national health care reform have had a significant impact on a number of health care providers, particularly in terms of financial reporting and compliance. Familiarity with these new regulations is essential to the long-term fiscal health of the organization. Many of them have already taken effect, while others will do so at a later date. More

Deciphering the alphabet soup: 'C,' 'S,' or an 'LLC'
The San Bernardino Sun    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From an individual business owner to future owners who are just beginning to develop their dream, it is important to understand the different entity classifications, and the tax implications they have on businesses. For instance, there are "C" corporations, "S" corporations, and LLC's. Do you know which one would best fit your business situation? More

Feb. 1, 2011
Missouri Chapter Meeting
Feb. 9, 2011
Pearls of Wisdom from the 2011 USC Tax Institute - N. California Chapter Mtg.
Feb. 17, 2011
IRS Collections Study Group for Members and Non-Members
Feb. 18, 2011
South Texas Chapter Meeting
Feb. 22, 2011
Dealing with the Nuts and Bolts of the 2010 Basis Allocation Rules - Capital Area Meeting
Feb. 24, 2011
Members Only Study Group: Olmstead Update
 

 
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