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Join us for the 2015 AAA-CPA Fall Meeting & Education Conference in Charleston, South Carolina, Nov. 11-15, and gain up to 18 hours of CPE and CLE/MCLE on a 50-minute hour track or 15 CLE/MCLE on a 60-minute hour track, including four hours of A&A and two hours of ethics. Enjoy fantastic networking with fellow attendees at the following events:
Enhance your trip to the South by extending your stay one day and join us for a day trip to Savannah, Georgia, on Sunday, Nov. 15! Click here for details.
- Welcome reception, hospitalities and special closing dinner at the Francis Marion Hotel
- Student meet and greet at the Charleston School of Law
- Optional tours,
including a Charleston city tour, Boone Hall Plantation tour and cruise to Fort Sumter
Click here for details about the conference and to register today.
Please note that the Thursday, Sept. 17, study group titled Charitable Leads Trusts has been postponed to Thursday, Nov. 12. The time and dial-in number will remain the same. Click here to register for this study group. Each program will discuss the mechanics of setting up the entity; the estate/gift tax consequences; income tax consequences; and when to use the entity.
The New American Magazine
Based on the latest data from the Internal Revenue Service, Americans for Tax Reform concluded that, given the opportunity, taxpayers as well as businesses move from high-tax states to lower-tax states. In 2013, more than 200,000 people moved from New York, Illinois, California, Connecticut and Massachusetts to Texas, Florida, South Carolina, North Carolina and Arizona.
We have to give at least a little credit to Chinese regulators. While they let their market skid out of control in the past year, equally unable to stop the bleeding during July and August of this year, China's newly proposed dividend tax rules are a simple, clean and bold change. And they just might quell some of the volatility plaguing China's market.
The Internal Revenue Service cannot readily identify American citizens and resident aliens working in a foreign country, along with resident aliens working in the United States, who may have improperly claimed exemption from U.S. Social Security taxes, according to a new report. The report, from the Treasury Inspector General for Tax Administration, pointed out that the United States entered into international agreements, known as totalization agreements, with 24 foreign countries in an effort to eliminate dual taxation with respect to Social Security taxes.
|| MISSED AN ISSUE OF THE AAA-CPA WEEKLY UPDATE? VISIT AND SEARCH THE ARCHIVE TODAY.
The "manufacturing deduction," the name often used to describe the deduction for qualified domestic production activities under Section 199 of the tax code, can provide a big boost to traditional manufacturers, as well as other qualified business entities. But the deduction can't exceed certain annual limits.
Journal of Accountancy
Taxpayers who receive gifts or bequests from certain individuals who gave up their U.S. citizenship or residency will be subject to tax under rules proposed by the Internal Revenue Service. The proposed regulations implement Section 2801, which was added to the code in 2008 by the Heroes Earnings Assistance and Relief Tax Act of 2008, to tax "covered gifts" and "covered bequests" a U.S. citizen or resident received from a "covered expatriate" on or after June 17, 2008.
Last year, the Senate waited until just over two weeks left in the calendar year to pass a bill that extended certain tax provisions through Dec. 31, 2014 (retroactive to Jan. 1, 2014). In contrast, this year it felt like Congress was getting a jump on things when they began contemplating a tax extender package in July.
Study Group: Charitable Lead Trusts
New York Chapter Dinner
Issues Impacting Entity Selection
Study Group: Successor Liability
Successor Liability: Should My Client Purchase the Selling Entity or Its Assets?
AAA-CPA Lunch and Learn at the University of Florida Levin College of Law
Study Group: Talking to Your Clients About Sales Tax
Tax Planning Using Partnerships
Drafting, Negotiating and Enforcing Covenants Not to Compete in Texas
Study Group: Charitable Remainder Trusts
Aligning Charitable Giving Strategies With Important Tax Considerations
NYU Law Student Reception
Social Function — Barbeque at the Home of Barbara and Rhett Buck
Study Group: IRS and NYS Tax Collections
AAA-CPA Lunch and Learn at the University of Miami School of Law
2015 Fall Meeting & Education Conference
Determining a Worker's Legal and Tax Classification-Employee Versus Independent Contractor
2015 Tax Update
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063