Wish You Were Here? You Can Be This Summer!
Join us at the AAA-CPA Annual Meeting and Education Conference, June 30-July 5, at the Hilton Branson Convention Center Hotel in Branson, Missouri.
Branson is centrally located within a day's drive of one-third of the U.S. population in southwestern Missouri. From water parks to Broadway shows and freshwater fishing to scenic hikes, there is something for everyone. This fantastic week of amusement and adventure, plus 18 hours of CPE/CE (on a 50-minute hour) or 15.5 CLE/MCLE (on a 60-minute hour), is one not to miss.
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Congratulations to AAA-CPA Assistant Secretary/Treasurer and Capital Area Chapter President Eric Rollinger
Stein Sperling is pleased to announce that Eric Rollinger has been elevated to the role of Principal. Find out more about Rollinger's background and accomplishments by clicking here.
E. Martin Davidoff, CPA, Esq.
E. Martin Davidoff & Associates
Marty established the firm Dec. 1, 1981, with a vision of providing the highest level of tax expertise in a warm, friendly environment. Today, the firm is a dual CPA-attorney practice specializing in taxation and tax controversy work.
Marty is a former president (2008-2009) of AAA-CPA. Using his extensive knowledge base as the impetus, he founded and chairs the group's Internal Revenue Service's Tax Liaison Committee, which enables him to work side-by-side with high-level officials at the IRS and other tax agencies, as well as state and federal lawmakers. Marty authors a regular column in CPA Magazine on IRS representation, and he has been distinguished as one of the nation's Top 100 Most Influential People in Accounting by Accounting Today in each of the past seven years, as well as one of the Top 50 IRS Representation Practitioners by CPA Magazine in their April/May 2008 edition and one of the Top 40 Tax Advisors to Know During a Recession by CPA Magazine in their April/May 2009 edition.
Marty is a staunch advocate for small businesses. He represented their best interests at two White House conferences on small business, authored New Jersey's S corporation legislation and frequently testifies on small business issues. The U.S. Small Business Administration named him the regional Accountant Advocate of the Year in 1997. As a nationally recognized tax expert, he speaks at seminars across the country, educating other tax professionals about IRS procedures and policies, tax law changes and various tax planning strategies.
As one of the founders of the Make-A-Smile Foundation Inc., Marty chairs its annual programs for its Children's Holiday Shopping Sprees for underprivileged families. Throughout his career, he has held leadership roles in prominent professional associations including the New Jersey Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the Middlesex County Chamber of Commerce and the National Federation of Independent Businesses. Marty earned his undergraduate degree from Massachusetts Institute of Technology, an MBA from Boston University Graduate School of Management and his J.D. from Washington University School of Law. He has two adult daughters, Sherri and Laura, and two granddaughters, Charlie and Violet.
For more information on E. Martin Davidoff & Associates, please click here.
The Latest in the Saga of the Pierced Veil of a Singer-member Liability Company: The Greenhunter Case
By Domenick R. Lioce, Esquire, Nason, Yeager, Gerson, White & Lioce P.A.
Piercing the veil of an entity is a case which a court decides to look through the fiction of a company (corporation or LLC) to hold the owner liable for the company's debts.
Average Tax Refund is $3,120 So Far
One month into the tax filing season, the average federal tax refund was $3,120, the Internal Revenue Service said.
As of Feb. 20, the agency said it paid out US$125 billion in refunds and processed about 50 million tax returns.
New York City Finds Widespread Noncompliance by Tax Preparers
New York City's Department of Consumer Affairs found that 1 in 4 tax preparers do not comply with the city's Consumer Protection Law. On the heels of a three-week enforcement sweep of income tax preparers throughout New York, DCA Commissioner Julie Menin said that of the nearly 600 tax preparers inspected, 1 out of 4 were in violation of the New York City Consumer Protection Law for failing to post qualifications, fees and disclosures in all the languages in which the preparer advertises, for failing to inform consumers that every return filed must be signed and for not providing consumers with a copy of New York City's Bill of Rights Regarding Tax Preparers.
Peter Roskam: House Bill Would Ban IRS From Gift Taxes on Nonprofits
The Washington Times
A key House Republican will introduce a bill to ban the Internal Revenue Service from taxing gifts to nonprofits, trying to make sure the tax agency isn't able to selectively target conservative organizations by singling them out for scrutiny. Rep. Peter Roskam, R-Illinois, chairman of the House Committee on Ways and Means, said the bill will make sure that when someone gives large donations to nonprofit organizations, nobody will have to pay a gift tax on the transaction, ensuring that all of the money goes to the work of the organization.
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Most Americans Failed This Simple Tax Quiz
It's a good thing we don't have to pass a test on the U.S. tax code to get a job — a lot of us would probably be out of work.
Financial education company NerdWallet recently put more than 1,000 adults to the test with a 10-question quiz on basic tax information. The average quiz-taker failed abysmally, answering just 5 out of 10 questions correctly.
IRS Will Allow People to Keep Extra Money From Obamacare Tax Error
People who received incorrect tax information from Obamacare will be allowed to keep the extra money in their refunds and will not have to refile their taxes, the Department of the Treasury said.
The Obama administration announced that 800,000 people signed up for Obamacare had received incorrect tax information. Most of those people will be receiving a corrected form in the mail early next month, and are being asked to delay filing their taxes until then.
10 States With the Worst Taxes for Average Americans
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. State and local tax systems play a significant role in redistributing income among people.
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