Featured education sessions at the Northeastern Regional Education Conference
Join us May 2-4 for the Northeastern Regional Education Conference in Atlantic City, N.J. We will feature eight hours of top-notch continuing education. Here are some of the sessions being offered.
Federal Tax Update, presented by Henry Meadows, CPA
Heckerling Update, presented by Ed Bortnick, Esq., CPA
The Impact of Obamacare on Filing Form 1040's in 2014, presented by Bill Noll, Esq., CPA
Tutunikov v. Markov, Docket No. A-1827-10T3 (N.J. App. Div. Aug. 1): Duties of New Jersey Fiduciaries, presented by Eric Andersen, Esq., CPA
Offers in Compromise, presented by Marty Davidoff, Esq., CPA
Come add to the discussion and receive up to eight hours of CLE/CPE credit. Education sessions begin the morning of Saturday, May 3, and we will conclude the conference on the morning of Sunday, May 4. Registration is now open! Please click here to register online.
AAA-CPA members enjoy an additional 15 percent discount on the March CCH books of the month
"U.S. Master™ Depreciation Guide," 2014
Regular price: $105
In March: $63
"U.S. Master™ Multistate Corporate Tax Guide," 2014
Regular price: $145.50
In March: $87.30
"U.S. Master™ Estate and Gift Tax Guide," 2014
Regular price: $109.50
In March: $65.70
Click here for more information and to place an order.
Study: Many big US corporations pay very little in taxes
Most high-income people subject to the new 3.8 percent Medicare tax on certain net investment income can safely file their 2013 tax returns now that the Internal Revenue Service has finally published final instructions for calculating the tax.
The instructions for Form 8960 – all 19 pages of them — were published on IRS.gov.
Credit unions descend on Washington, DC, in hopes of preserving tax exemption
The Washington Post
Thousands of credit union representatives came to Washingto, D.C., to rally Congress to preserve a long-standing tax exemption for credit unions.
They got their wish — at least for now.
Does a tax code overhaul justify a bank tax?
Frank Keating, president and CEO at American Bankers Association, discusses the impact of a bank tax included in a proposed overhaul of the tax code and the state of the relationship between banks and the American people on Bloomberg Television's "Bloomberg Surveillance."
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Big steps toward curbing overseas tax evasion
For nations around the world, offshore tax evasion is a pressing concern. Every year, wealthy individuals evade millions of dollars in taxes, depriving governments of all sizes of much-needed resources to fund public services and investments. To the average citizen, it seems like some of the most affluent use overseas accounts to avoid paying taxes with relative impunity, contributing to the perception that the tax system is unfair.
4 ways the rich will pay more this tax season
Thanks to the fiscal cliff deal and the Affordable Care Act, the top 1 percent of taxpayers — and many in the top 3 percent as well — will have to pay a bigger tax bill come April 15. That's because those laws included four key tax measures that went into effect for tax year 2013.
Obama plan: Cut tax breaks for richest retirement savers
President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports.
New tax embedded in Affordable Care Act affects homeowners
The Washington Post
A new controversial tax embedded in the Affordable Care Act affects homeowners who sell their homes for a substantial profit.
Homeowners need to be aware of the new 3.8 percent net investment income tax. While this provision became effective Jan. 1, its effect is just now being felt by upper-bracket homeowners who have profitably sold their home in 2013.
Tax overhaul plan faces key hurdles
The New York Times
The proposal by the top Republican on the House Ways and Means Committee to overhaul and simplify the nation's tax code is already coming under scrutiny from fellow Republicans, with at least one party leader, Sen. Mitch McConnell, R-Ky., saying the plan has no chance.
McConnell, the Senate minority leader, said efforts to pass the proposal — which is expected to call for a cut in the top corporate income rate to 25 percent from 35 percent, and a reduction of the seven individual tax brackets to two — would prove insurmountable against Democratic demands that any tax overhaul include $1 trillion in new revenue.
Why Republicans abandoned tax revamp pledge
House Ways and Means Committee Chairman Dave Camp could not make the numbers work.
Republicans had vowed for more than three years to slash the top individual income tax rate to 25 percent as part of a tax code overhaul.
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