AAA-CPA Welcomes Plexus Consulting Group
We're excited to announce that the AAA-CPA is expanding its team to help increase the value of your membership and identify strategic ways to raise the profile of dually qualified attorneys and certified public accountants.
The AAA-CPA has hired Plexus Consulting Group to complement the efforts of the current AAA-CPA staff. Plexus' Ryan Cliche will serve as the Director of Strategic Initiatives and Operations, and he will be supported by Steve Worth and Michael Usilton to enhance the association's marketing, accounting, sponsorship revenue generation and membership outreach. Plexus has worked with hundreds of associations, including the American Bar Association and American Institute of Certified Public Accountants, to provide strategic planning and marketing and other association management services. "We're excited to be working with the AAA-CPA and see tremendous opportunity to expand the prestige and impact of the association," said Ryan Cliche. Cliche may be reached at firstname.lastname@example.org or 888-ATTY-CPA, ext. 4.
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With over 50,000 visits, the Find an Attorney-CPA search engine is a premier marketing and referral network. Your AAA-CPA online member listing acts as a form of advertising that can assist potential clients in determining if you're the right person for a job. Including your credentials, work experience and achievements in your online member listing will enhance your profile and increase your opportunity of obtaining clients and referrals. Click here for more information.
Future AAA-CPA Study Groups Announced
Registration is now open for members and nonmembers for the following study group programs:
Feb. 24: Helping Your Clients Understand the Intricacies of Medicare, presented by Thomas W. McCulloch and Jane P. Lehto
Feb. 26: Bad Debt Deductions and Sales Tax Compliance Best Practices, presented by Judy Vorndran
March 10: Marketplace Fairness Act, presented by Judy Vorndran
March 17: The New AICPA Conflict of Interest Paradigm, presented by Jim Rigos
April 28: Special Drafting Considerations for Asset Protection Trusts, presented by Howard Rosen
AAA-CPA 50th Anniversary Lapel Pins
To commemorate the AAA-CPA's 50th anniversary in 2014, we have purchased lapel pins for our members. You can pick yours up at the next national or regional meeting that you attend. Alternatively, you can receive a lapel pin in the mail. If you would like it mailed, please email Kimmy Livingston at email@example.com or call 888-ATTY-CPA, ext. 2 to request one.
David De Jong Serves as Lead Counsel for Amicus Brief in Supreme Court Case, Comptroller v. Wynne
Stein Sperling Bennett De Jong PC
The U.S. Supreme Court is currently deliberating the most important case involving individual taxation in decades. The ruling will have wide implications for Maryland and for individuals with source income outside of their state of residence. The question raised in Maryland State Comptroller of Treasury v. Wynne is whether Maryland's failure to credit taxes paid to other states against its "piggyback tax" on income violates the Commerce Clause of the U.S. Constitution, which prohibits states from passing laws inhibiting interstate commerce. The comptroller has argued the tax is proper in that it ensures all residents pay for their share of benefits provided by the local governments.
Brian S. Bernstein Appointed as Co-chair of the Securities Committee
The AAA-CPA is pleased to announce that Brian S. Bernstein has been appointed as Co-chairman of the AAA-CPA Securities Committee. Bernstein is with Nason Yeager and practices in the securities and corporate departments. His corporate practice includes: counseling clients concerning various employment issues and prepare employment agreements, stock option agreements and other agreements related to employment;
counseling clients concerning their responsibilities under the stock exchange rules; and counseling directors regarding corporate governance and their responsibilities under federal and state law.
Federal Tax Update — January 2015
By David S. De Jong, Esq., CPA, Stein Sperling Bennett De Jong PC
In Perez v. Commissioner, 144 TC No. 4, the tax court determined that payments made to an egg donor are taxable and cannot be excluded as "damages."
Illegal Ways People Are Nabbing Bigger Tax Credits
Most people who want to cheat on their taxes will do anything they can to understate their income. After all, the more you make, the more you'll likely to owe.
IRS Launches Tax Preparer Directory
The Internal Revenue Service has launched a new, online public directory of tax return preparers as part of its effort to promote its Annual Filing Season Program for testing and continuing education of tax preparers on a voluntary basis. This searchable directory on IRS.gov will help taxpayers find a tax professional with credentials and select qualifications to help them prepare their tax returns.
10 States With the Worst Taxes for Average Americans
24/7 Wall St.
While a certain degree of income inequality might be expected, the difference between rich and poor Americans has grown dramatically in recent years. As of 2013, the wealthiest 20 percent of Americans had more income in aggregate than the bottom 80 percent combined.
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IRS Offers Extra Tax Refunds to Illegal Immigrants Granted Amnesty by Obama
The Washington Times
Internal Revenue Service Commissioner John Koskinen confirmed that illegal immigrants granted amnesty from deportation under President Barack Obama's new policies would be able to get extra refunds from the IRS for money they earned while working illegally, as long as they filed returns during those years.
Republicans Try Again to Revive, Lock in Lapsed US Tax Breaks
The U.S. House Committee on Ways and Means voted to revive and permanently extend six lapsed tax breaks that would help small businesses and people who make charitable contributions.
The tax benefits expired at the end of 2014 and are among several dozen provisions that Congress has routinely extended after allowing them to lapse.
Obama Budget Would Upend Estate Plans
Just when you thought the estate tax laws were permanent, President Barack Obama comes out with a comprehensive plan for changes that would take away many strategies that save wealthy families taxes. grantor retained annuity trusts, annual exclusion gifts, generation-skipping trusts, you name it, it's on the list of tax-saving strategies under attack in the fiscal year 2016 budget.
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