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2013 annual meeting cruise cabins open for booking
AAA-CPA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Next year's annual meeting will be a dual-city meeting. On July 3, 2013, AAA-CPA will be meeting in Boston and on the July 4, 2013, we will set sail aboard the Carnival Glory to Nova Scotia. Education sessions will be held on both land and sea. Full details on the conference will be made available in the coming months. For those interested in traveling on the cruise portion, cabins are open for booking. Please click here for a full brochure and rates. We hope to see you next summer in Boston.





Davidoff, Tenenbaum to present at the IRS and New York State Tax Collections Program
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AAA-CPA Past-President Marty Davidoff and AAA-CPA member Karen Tenenbaum will be presenting at the IRS and New York State Tax Collections Program on Aug. 28 at Long Island University in Brookville, N.Y. For more information on this event and to register, please click here.

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IRS under fire for making taxpayer identity fraud a low priority
Government Executive    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Internal Revenue Service managers "created an environment which discourages employees from detecting fraudulent applications" for taxpayer identification numbers, risking billions of dollars in improper tax refunds, auditors said. None of the IRS' subdivisions made detecting fraud a priority because doing so would eliminate some applications, and maintaining a large inventory of applications provides job security, according to the Treasury Inspector General for Tax Administration. More

Crowdfunded businesses may owe taxes, too
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When Julie Uhrman, chief executive of gaming startup Ouya Inc., went looking for funding to launch a new video gaming console, she turned to crowdfunding site Kickstarter Inc. The goal: $950,000. Instead, when the campaign ended Aug. 8, so many gamers and game developers had pledged $99 (or more) to get the new Android-based Ouya that the company raised $8.6 million, making it one of the biggest crowdfunding success stories ever. More

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SEC creates new data analysis group
Traders Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Number crunchers, programmers and ex-traders can get their resumes ready. The Securities and Exchange Commission is in an expansion mode and hiring, because it is forming a new group to analyze trading data and monitor the markets. The Office of Analytics and Research is the new group and comes under the Division of Trading and Markets. Gregg Berman, senior adviser to the director of the division, will head the team. More

Social Security surplus dwarfed by future deficit
The Associated Press via Newsday    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As millions of baby boomers flood Social Security with applications for benefits, the program's $2.7 trillion surplus is starting to look small. For nearly three decades Social Security produced big surpluses, collecting more in taxes from workers than it paid in benefits to retirees, disabled workers, spouses and children. The surpluses also helped mask the size of the budget deficit being generated by the rest of the federal government. Those days are over. More



Paul Ryan to release 2 years of tax documents
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Paul Ryan plans to release two years of tax returns, following the lead of Mitt Romney. The Republican vice presidential contender said on "60 Minutes" that people he talks to say they're not asking about the personal tax information of the candidates. "They're asking where the jobs are. Where's the economic growth? Those are the issues that matter," Ryan told CBS' Bob Schieffer. " More

SEC list shows 155 money funds that got approval for help
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Money-market fund companies obtained permission to support 155 of their funds during the financial turmoil of 2007 and 2008, and six more funds got the same go-ahead since the crisis, according to a list provided to Congress by the U.S. Securities and Exchange Commission. Bank of New York Mellon Corp., Morgan Stanley and Charles Schwab Corp. are among companies that lined up the ability to bail out funds to guard against credit defaults or market illiquidity, according to the SEC's list, a copy of which was obtained by Bloomberg News. More

Aug. 28
IRS and New York State Tax Collections

Sept. 4
Missouri Chapter Meeting

Sept. 5
The Clock is Ticking ... Lifetime Gift Planning in 2012

Sept. 6
Members Only Study Group: IRS Criminal Investigations

Sept. 19
Dealing with Amended Circular 230 and Preparer Registration

Sept. 20
Members Only Study Group: Financial Elder Abuse: Stockbrokers and Securities/Annuities Salesmen


 



The AAA-CPA Weekly Update

Colby Horton, Vice President of Publishing, 469.420.2601
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Katina Smallwood, Content Editor, 469.420.2675   
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