Learn how to help your clients prevent or survive an IRS audit at the 2011 Fall Meeting & Education Conference, Nov. 2-6, 2011, New York City, N.Y.
They say "never mess with the IRS," but at some point, contact with this ubiquitous agency is inevitable.
However, with careful preparation, an audit doesn't have to be a taxing experience! This panel of leading IRS experts will tell you exactly what you need to know to prepare your individual or small business clients for the audit process, from information on preventing one in the first place to getting through the process unscathed. What you learn could save your clients countless hours (and headaches).
Frank Agostino, J.D., LL.M., Agostino & Associates
James A. DiGabriele D.P.S., CPA/ABV, CFE, CFSA, FACFEI, Cr.FA, CVA
DiGabriele McNulty Campanella & Co. LLC
Matthew Magnone, J.D., LL.M., Ernst & Young
Richard Sapinski, Esq., LL.M., Sills, Cummis & Gross, P.C.
The AAA-CPA welcomes our new members from July-August!
Please click here to view the list of new members. Interested in joining the AAA-CPA? Visit us online at www.attorney-cpa.com to apply for membership and receive the month of September for free.
AAA-CPA 2011-2012 Membership Dues - Payments due by Oct. 1, 2011
Dues payments may be made online at www.attorney-cpa.com by logging into the Members Only section. Checks may be mailed to our office at: AAA-CPA, 3921 Old Lee Highway, Suite 71A, Fairfax, Va., 22030 or faxed to 703-352-8073.
Please contact the national office if you do not receive your renewal statement or have questions on our payment plans.
AAA-CPA Past President Sydney S. Traum selected for inclusion in the 2012 edition of 'The Best Lawyers in America'
Congratulations to Sydney S. Traum for being selected by your peers for inclusion in the 2012 edition of "The Best Lawyers in America" in the practice area of tax law. Indeed, special congratulations are in order as Sydney is one of a distinguished group of attorneys who have now been listed in "Best Lawyers" for twenty years or longer.
For nearly three decades, "Best Lawyers" has been regarded – by both the profession and the public – as the definitive guide to legal excellence in the United States. Selection to "Best Lawyers" is based on an exhaustive and rigorous peer-review survey (comprising more than 3.9 million confidential evaluations by your fellow top attorneys). Because no fee or purchase is required to be listed, inclusion in "Best Lawyers" is rightly considered a singular honor.
This annual, advertisement-free publication has been described by "The American Lawyer" as "the most respected referral list of attorneys in practice." "The Best Lawyers in America" also reaches the largest and most targeted audience of any peer-review listing in the legal profession. "Best Lawyers" lists appear regularly in Corporate Counsel magazine, which reaches more than 88,000 general counsel. Excerpts from the lists also appear in The Washington Post, The Los Angeles Times, New York magazine and more than 85 other regional and city magazines around the world, reaching more than 17 million influential readers.
Obama mulls tax cuts beyond Republican plans
President Barack Obama may press Congress for tax cuts that would exceed his past proposals as well as some of the offerings from House Republicans to strengthen his hand in talks on measures to boost the U.S. economy, according to a person familiar with the discussions. With Obama set to lay out his plans in a Sept. 8 address to Congress, the administration is focusing on cuts targeted at middle-income Americans to spur consumer spending, which accounts for 70 percent of the economy, said the person, who spoke on condition of anonymity to discuss internal deliberations. More
Where pay for chiefs outstrips US taxes
The New York Times Share
At least 25 top United States companies paid more to their chief executives in 2010 than they did to the federal government in taxes, according to recent study. The companies - which include household names like eBay, Boeing, General Electric and Verizon - averaged $1.9 billion each in profits, according to the study by the Institute for Policy Studies. But a variety of shelters, loopholes and tax reduction strategies allowed the companies to average more than $400 million each in tax benefits - which can be taken as a refund or used as write-off against earnings in future years. More
SEC examining mutual funds' use of derivatives
U.S. securities regulators voted unanimously to seek public comment on whether they need to write new rules to better address the risks posed by mutual funds, exchange-traded funds and other investment companies that use derivatives. The decision to solicit input marks an initial step by the Securities and Exchange Commission as it examines the effectiveness of current disclosure and leverage rules as they relate to derivatives. More
Companies shift losses to high-tax countries to trim taxes
For nearly two decades, global corporations have increasingly shifted trillions of dollars in worldwide profits to low-tax countries across the Caribbean, Europe and Asia to reduce their tax bills and maximize the bottom line. With the shaky world economy now battering those profits, a new trend has emerged: some corporations are quietly moving losses back to high-tax countries, a move that can also lower their tax bills. More
Ex-Beazer homes CFO giving back $1.4 million in SEC deal
ABC News Share
The former chief financial officer of a major U.S. home builder accused of committing accounting fraud five years ago is giving back roughly $1.4 million in bonuses and stock profits. James O'Leary, the former CFO of Beazer Homes USA Inc., agreed to return the money to the company in a deal with the Securities and Exchange Commission. He admitted no wrongdoing. More
Illegal workers got $4.2 billion in tax credits
Accounting Today Share
Individuals who are not authorized to work in the U.S. nevertheless received $4.2 billion in refundable Additional Child Tax Credits from the Internal Revenue Service last year. A report released by the Treasury Inspector General for Tax Administration found that claims for the tax credit, which is based on earned income, more than quadrupled in the past five years, from $924 million in 2005 to $4.2 billion in 2010. More