Looking for Education Hours? Look No Further ... We've Saved You a Seat
Join us at the AAA-CPA Fall Meeting and Education Conference in Washington, D.C., for exceptional educational programming. Courses begin Nov. 6 featuring the following topics:
Click here for more details on these and additional sessions.
- Estate Planning for Digital Assets
- Offshore Tax Compliance — Update on OVDI
- How to Value a Business "Down and Dirty"
Health Care — Reform by the Numbers — Sept. 19
The AAA-CPA South Texas chapter will be holding their monthly breakfast meeting Sept. 19 at the FCA office in Houston. Petula Workman, J.D., CEBS, will be presenting Health Care — Reform by the Numbers at 8:30 a.m. This chapter meeting will provide one Texas MCLE credit and one CPE credit and is free for members and nonmembers. Please click here to register for this meeting.
How the 3.8 Percent Surtax on Net Investment Income Affects Estates and Trusts Study Group — Oct. 16
AAA-CPA affiliate Jere Doyle will be presenting a study group Oct. 16 at 2 p.m. EDT that will explore the application of the 3.8 percent surtax to trusts and estates and the planning ideas to avoid or minimize the tax. The discussion will include grantor and nongrantor trusts, charitable remainder trusts, qualified subchapter S trusts and small business trusts. Also covered will be the reporting requirements and actual case studies, complete with calculations. Click here to register for this study group. Members may listen for free or pay $15 to receive one education credit.
2014-2015 Membership Dues and Fees
Reminder: Membership dues and fees for 2014-2015 are due by Oct. 1. Please contact Kimmy Livingston at firstname.lastname@example.org or 888-ATTY-CPA, ext. 2 if you did not receive your renewal statement. Payments may be made by logging into the AAA-CPA website via fax at 703-352-8073 or by mail to our office: 8647 Richmond Highway, Suite 639, Alexandria, VA 22309. Payment plans are also available upon request.
Help Make a Big Difference While You Increase Your Bottom Line
The Financial Awareness Foundation
As many of you are aware, National Estate Planning Awareness Week is coming up in October. Please join our strategic partners at The Financial Awareness Foundation; leading financial service and nonprofit associations and their members; financial service professionals and their companies; nonprofits; small and large employers; municipalities and government agencies; and news media in supporting and participating in the sixth anniversary of National Estate Planning Awareness Week Oct. 20-26.
Download the 2014 Improving Financial Awareness & Financial Literacy Campaign launch communication here.
To give you an idea of what our colleagues are doing in these campaigns, here's a link to the 2014 Spring Improving Financial Awareness & Financial Literacy Campaign Report & Scrapbook.
Here are some fun and easy ways for you to partake:
This is a real winning approach to solving a major social challenge.
- Place financial and estate planning editorial content within your websites, newsletters, social media groups, local newspapers and radio/television/Web-based shows in support of National Estate Planning Awareness Week and National Financial Literacy Month. If you need content, please see the sample articles, press and industry media kits and guides found under the Campaign tab at
Be sure to email us your articles, checklists, advertisements and seminar/webinar activity notices so we can highlight them and you in the current Campaign Report and Scrapbook.
- Encourage your organization and associates to host or take part in community-wide programs built around estate and financial planning during the months of October and April. If you need help or ideas for these programs, or scripted programs, please contact us. You can also see the Basic Building Blocks to Successful Estate Planning, a version of such a presentation we did as a national live-recorded webinar for The Stelter Company's nonprofit community during the last National Estate Planning Awareness Week. A version of this presentation, slides and attendee gifts can be seen and downloaded at www.stelter.com/webinars.html.
- Circulate financial awareness, campaign materials and the press and industry media kit and guides to your members, colleagues, associates and other parties as you see appropriate. Encourage them to support and participate in these important events. These can be found under the Campaign tab on www.TheFinancialAwarenessFoundation.org.
Let's help make the sixth anniversary of National Estate Planning Awareness Week the best ever!
Families benefit by learning the essential principles of smart financial management so they can make informed financial decisions to reach and maintain their financial freedom and security.
- Employers benefit from having less stressed and happier, more productive employees.
- Financial professionals and their companies benefit by acquiring new business from more informed and motivated clients.
- The news media wins by delivering valuable content to its readers.
- Nonprofits win with increased donations, planned gifts, alternate beneficiary selections and bequests from donors estate plans.
- The overall community wins with a much stronger and financially sound economy.
CCH Books of the Month
For the month of September only, purchase the following titles at 40 percent off:
"U.S. Master Tax Guide," 2014
Regular price: $93.50
In September: $56.10
"Multistate Corporate Tax Guide, Mid-Year Edition," 2014
Regular price: $328.75
In September: $197.25
"Sales and Use Tax Answer Book," 2014
Regular price: $346.50
In September: $207.90
Click here to purchase them at the discounted rate.
'Tax Reform' Cry Hampers Effort to Curb Inversions
Republicans and business allies such as House Committee on Ways and Means Chairman Dave Camp and the U.S. Chamber of Commerce say they know the way to stop companies from changing addresses to cut their tax bills: reform the tax code.
Yet that call for the first major revision of the U.S. tax system in three decades hasn't translated into action and won't anytime soon. There's no consensus on what changes would prevent companies from fleeing the system.
IRS Gears Up for Impact of Health Care Reform on Tax Season
Internal Revenue Service commissioner John Koskinen told a congressional subcommittee about the Internal Revenue Service's progress on the Affordable Care Act and the impact that tax subsidies will have next tax season. In a hearing before the House Committee on Ways and Means, Koskinen talked about how the IRS would be processing the premium tax credit, which helps subsidize the cost of health insurance coverage for eligible taxpayers.
Lew: Administration is Near a Decision on Curbing Corporate Expatriates
The New York Times
Treasury Secretary Jacob J. Lew said that he would decide "in the very near future" what regulatory action the Obama administration can take — given the partisan paralysis in Congress — to close some tax loopholes and reduce incentives for multinational corporations to avoid United States taxes by incorporating in other countries.
No Free Lunch for Companies as IRS Weighs Meal Tax Rules
Be careful when you grab that office bagel. The Internal Revenue Service may be watching.
The U.S. tax agency is taking a closer look at a popular tax-exempt perk offered by companies such as Google Inc.: free meals.
As Congress Returns, Tax Breaks for Owners With Underwater Loans Remain Uncertain
The Washington Post
Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out consumers who are underwater on their mortgages, many of whom face crushing federal tax bills if they accept — or have already accepted — principal reductions by their lenders?
IRS: 1 Million Tax Payments Made in 2014 Through Direct Pay
The Internal Revenue Service has reached the 1 million mark. In a statement, the IRS announced that it has processed over 1 million tax electronic payments to date through IRS Direct Pay. Those payments have totaled over $1.7 billion.
IRS Direct Pay is available to individuals to pay tax bills or estimated tax payments over the Web. There are no fees to use the service, and payments come directly from your checking or savings account. The IRS does not retain your bank account information.
Missed last week's issue? See which articles your colleagues read most.
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