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Join us for the 2015 AAA-CPA Fall Meeting & Education Conference in Washington, D.C., 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:
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.
The AAA-CPA is pleased to announce that our upcoming study groups will now be offered as webinars! The first study group to debut this new feature will be on Thursday, Oct. 15 at 2 p.m. EDT and will be presented by Judy Vorndran titled "Talking to your Client about Sales Tax." Judy Vorndran will discuss how to approach your clients about sales tax issues, what to look for when advising clients as well as common mistakes that can lead to substantial tax liabilities, methods for limiting sales tax exposure and the various sales tax opportunities and pitfalls. To register for this study group, please click here.
AAA-CPA is pleased to announce the following elected chapter leader:
Pennsylvania/Delaware Valley: Timothy N. Rausch
Click here to read the full announcement.
The 32nd Annual National Institute on Criminal Tax Fraud is the annual gathering of the criminal tax defense bar combined with the Fifth Annual National Institute on Tax Controversy. This program brings together high-level
government representatives, judges, corporate counsel and private practitioners engaged in all aspects of tax controversy, tax litigation and criminal tax prosecutions and defense.
Curriculum topics include:
Program fees for AAA-CPA members:
- Roundtable discussions with senior officials from the Internal Revenue Service and Justice Department
- Strategies for experienced practitioners when representing clients in examination, at appeals and during criminal investigations
- Breakout sessions focused on civil tax controversy and criminal tax defense strategies
- Advice from judges on what they want to hear from you
Early bird rate through Oct. 23: $875
Advance rate through Nov. 20: $975
Standard rate: $1,080
For more information, click here or contact Shannon Burke at Shannon.Burke@americanbar.org.
From a remote location, Ruby offers all the benefits of having a personal, on-site receptionist at a fraction of the cost. We'll answer your phone with your custom greeting. We'll screen, announce and transfer your calls anywhere. We'll take your messages, offer voicemail and answer your callers' questions with care. As a Ruby preferred partner, AAA-CPA members receive a 21-day money-back guarantee and enjoy a 10 percent lifetime discount off of their monthly service. Visit them online here.
Coast magazine recently named 194 Orange County Bar Association members from 154 firms to its 2015 Top Attorneys list. Zaher Fallahi was named as one of the top attorneys in Orange County, California. Click here and scroll under "Tax" to read the entire article.
By David S. De Jong, Esq., CPA, Stein Sperling Bennett De Jong PC
In Friedman v. Commissioner, TC Memo 2015-177, the U.S. Tax Court required an individual who had lent almost $5 million to his daughter's finance company to report monthly payments of scheduled interest as taxable notwithstanding the unlikelihood of repayment of principal.
U.S. News & World Report
As an unusually large pack of contenders chase the seat of a lame-duck president, age-old ideological debates have reignited as the candidates discuss hot-button issues. The overarching theme appears to be equality — or, perhaps more accurately, a lack thereof.
The Financial Accounting Standards Board issued an exposure draft Sept. 30 that outlines changes that are being proposed to certain areas of its revenue recognition standard, which will go into effect starting in 2018. The areas of the standard that the FASB is hoping to improve include collectibility, sales or other taxes collected from customers, noncash consideration, contract modifications and completed contracts at transition.
The Fiscal Times via CNBC
Mitt Romney, the 2012 Republican presidential nominee, did irreparable damage to his campaign when he asserted that the 47 percent of Americans dependent on government who don't pay federal income taxes would back President Barack Obama "no matter what."
A few years later, that estimate needs to be revised.
|| MISSED AN ISSUE OF THE AAA-CPA WEEKLY UPDATE? VISIT AND SEARCH THE ARCHIVE TODAY.
The Internal Revenue Service has made only limited progress to date in eliminating the unnecessary use of Social Security numbers in tax forms, letters and notices, according to a new report, leaving taxpayers exposed to potential identity theft. The report, from the Treasury Inspector General for Tax Administration, found that in fiscal year 2014, the IRS mailed more than 141 million notices and 37 million letters to taxpayers for various reasons, to help them understand and meet their tax obligations.
With global assets under management predicted to grow to more than $100 trillion by 2020, asset managers will become more influential and, as a result, will attract increased scrutiny from tax authorities and clients alike. According to a recent report published by PricewaterhouseCoopers, "Asset Management 2020 and Beyond: Global Tax Gets Competitive," tax will take on far greater importance for asset managers in terms of risk management, investment strategy and as a selling point for clients.
Life is about to get much tougher for global corporations that use loopholes to avoid paying taxes. Finance officials from the world's top 20 economies are about to approve a package of new rules that should help governments crack down on corporate tax avoidance.
Study Group: Talking to Your Clients About Sales Tax
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
Study Group: AICPA Proposed Attestation Independence Rule Changes
2015 Fall Meeting & Education Conference
Study Group: Charitable Lead Trusts
Determining a Worker's Legal and Tax Classification-Employee Versus Independent Contractor
32nd Annual National Institute on Criminal Tax Fraud and 5th National Institute on Tax Controversy
2015 Tax Update
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