Request for members who are dual practitioners
We are asking our members who are dual practitioners to each prepare a one page summary of how you run your dual practice. These summaries will be on file at the association office and distributed to new and younger members who ask how to do a dual practice. It should be a list of procedures that you are actually doing in your office. It is not intended to be a list of preferred practices that could be used against a member in a malpractice suit; just a summary of how you do it in your office. Please send this list to the office via email to email@example.com. All lists will be reviewed and edited by the Dual Rights Committee under the leadership of Jim Rigos. When you send in your summary, please indicate whether it is OK to use your name and whether it is OK for a member to call you with questions.
Advertising opportunity: Networking and referral directory
The AAA-CPA is offering a special discount for advertising in the 2012-2013 Networking and Referral Directory. This directory features all AAA-CPA members broken down by specialty, state and biographical section. The directory, printed in early summer, will go out to over 1,100 members and will be shown at various trade shows throughout the year. This is a great way to give your company high visibility before a unique group of professionals. During this limited time offer, we are cutting our rates by 50 percent. Click here for information on ad sizes and rates.
Receive 10 percent off Ruby services
Ruby is a smart and cheerful team of virtual receptionists trained to make a difference in your day. They deliver the perfect mix of friendliness, charm, can-do attitude and professionalism. AAA-CPA members can enjoy Ruby receptionists' friendly, professional virtual receptionist service for less. With your AAA-CPA membership, you'll receive 30 days of top-notch service free and 10 percent off all plans. Start your free trial today by clicking here.
Special member pricing
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The AAA-CPA is saddened to inform its members of the passing of Gerald J. Carnago, Esq., CPA. Carnago was an active member of our Michigan chapter and passed away at the end of December. Please see his obituary by clicking here.
Past President, Sydney S. Traum, Esq., CPA, named to 2012 Florida Super Lawyers list
For more information on the Super Lawyers Award, please visit their site by clicking here.
After 6-year fight, feds drop tax fraud case against imprisoned Adelphia founder, son
The Associated Press via The Washington Post Share
A six-year legal battle involving the jailed father-son duo who headed now-defunct Adelphia Communications Corp. has ended after prosecutors withdrew tax fraud charges related to their earlier conviction in a $1.9 billion fraud case. Prosecutors said they withdrew the tax-related charges against the Pennsylvania cable company's founder John Rigas and his son Timothy because they weren't likely to end in substantial additional jail time or restitution. More
Thousands of federal workers owe back taxes
The Associated Press via CBS Money Watch Share
President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees — from staffers in Congress to federal agencies and even Obama's executive office — collectively owe the government billions in back taxes. Data from the Internal Revenue Service found that more than 279,000 federal employees and retirees owed $3.4 billion in back income taxes as of Sept. 30, 2010. More
The tax credit that's helping single women-headed families fight poverty
The Huffington Post Share
For millions of American families — especially those headed by single women — this tax season will offer hope, security and a potential reprieve from the crippling impact of the economy. This lifeline: the Earned Income Tax Credit. The EITC is widely recognized as the largest and most effective anti-poverty program for low- to moderate-income working families, but the Treasury Department has estimated that up to one-quarter of low-wage workers fail to claim it. More
Exiting watchdog sees flaws in SEC's rulewriting
In his final act before departing the U.S. Securities and Exchange Commission, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules. Kotz's criticism, contained in a report, could have ramifications for the SEC, which has lost several court battles over the years because of flaws in how it demonstrates that the benefits of a rule outweigh its costs. More
UBS's Wealth Management Americas expands
Financial Advisor Share
UBS's Wealth Management Americas has added several groups and individuals, most from Bank of America Merrill Lynch and Morgan Stanley Smith Barney, to its firm. In California, Baldwin, Naples and Associates has joined the firm. The team brings to UBS Wealth Management Americas a production of approximately $2.4 million and assets under management of more than $470 million. The group was with Bank of America Merrill Lynch. More
Senate holds hearing on IRS role in mutual fund commodity speculation
Acccounting Today Share
The Senate Permanent Subcommittee on Investigations held a hearing to explore decisions by the Internal Revenue Service that have increased commodity speculation by allowing some mutual funds to use offshore shell corporations and complex financial instruments to circumvent longstanding tax code limits on mutual fund trading in commodities. "Over the last six years, in private letter rulings responding to mutual fund petitions, the IRS has opened the floodgates to ever-increasing levels of commodity speculation by the $11 trillion mutual fund industry, despite tax laws that put limits on commodity investments by mutual funds," said Sen. Carl Levin, D-Mich., who chairs the subcommittee. More