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Also, you can earn 18 hours of CPE and CLE/MCLE on a 50-minute hour track or 15 CLE/MCLE on a 60-minute hour track. This includes four hours of audit and accounting and two hours of ethics:
Click here for details about the conference and to register today.
- Audit and accounting
- "Accounting Malpractice Matters: The Impact of Fraud on the Auditors," presented by Karen Fortune, IAG Forensics
- "Audit and Accounting Updates," presented by K. Glenn Aldridge, Aldridge Shelley, PC
- "Status of Circular 230," presented by David Golden, Troutman Sanders LLP
- "Insider's View of Circular 230 and the Office of Professional Responsibility," presented by Karen Hawkins, former director of the Internal Revenue Service Office of Professional Responsibility
The annual meeting of the Attorney-CPA Foundation is being held during the AAA-CPA Fall Meeting & Education Conference on Saturday, Nov. 14, at the Frances Marion Hotel in Charleston, South Carolina. The annual meeting agenda will include electing trustees and transactions of any other business that may arise before this meeting. It will be followed by a trustee meeting. If you have any questions about the upcoming meeting, please contact Rob Scharar at RScharar@fcacorp.com or 713-260-1410.
The AAA-CPA is pleased to announce the following elected chapter leader:
Capital Area chapter: Kaitlyn A. Loughner.
Click here to read the full announcement.
Owing back taxes to the government can be stressful. A taxpayer's paycheck, bank accounts or driver's license can be at risk. When the Internal Revenue Service or the New York State Department of Taxation and Finance knocks on the taxpayer's door, practitioners need to recognize the issues and know the options available to their clients. Join AAA-CPA member Karen J. Tenenbaum, Esq., LL.M. (taxation), CPA, along with her colleagues Yvonne R. Cort, Esq., and Brad J. Polizzano, Esq., LL.M. (taxation), as they address IRS and New York state collection techniques and possible resolutions for taxpayers with outstanding liabilities, including nonfilers. For more information and to register for this Oct. 29 study group, click here.
About half of all American adults get health insurance through their employer, and beginning in 2018, the government will impose heavy financial penalties on any employer-provided health plans it deems overly generous. The tax was designed to rein in health care inflation and raise tens of billions of dollars.
The Washington Free Beacon
The length of the federal tax code and regulations now exceed 10 million words, according to a report from the Tax Foundation.
According to the report, the federal tax code is 2,412,000 words long, and federal tax regulations are 7,655,000 words long.
Tax professionals are more pessimistic now that an overhaul of the U.S. tax code will occur before 2017 than they were earlier this summer, according to the September "Tax Reform Business Barometer" from Ernst & Young LLP and The Tax Council. Of the 97 U.S. tax executives and practitioners who participated in the most recent study, 37 percent believe Congress will pass tax reform legislation sometime between now and 2017, down from 41 percent in the June barometer and 52 percent in January.
The Internal Revenue Service recently released Publication 597, which provides information concerning the income tax treaty between the United States and Canada. The publication addresses a number of treaty provisions that affect U.S. citizens or residents who may be subject to taxation in Canada.
|| MISSED AN ISSUE OF THE AAA-CPA WEEKLY UPDATE? VISIT AND SEARCH THE ARCHIVE TODAY.
The Internal Revenue Service has made progress on implementing the Foreign Account Tax Compliance Act, including explaining the various requirements to the affected stakeholders, according to a new report.
The report, from the Treasury Inspector General for Tax Administration, examined FATCA, which was included as part of the HIRE Act of 2010.
The Wall Street Journal
As part of the Financial Accounting Standards Board's simplification initiative, it has issued an update related to measurement-period adjustments recorded for business combinations. ASU 2015-16 responds to stakeholder feedback that restating prior periods to reflect adjustments made to provisional amounts recognized in a business combination adds cost and complexity to financial reporting but does not significantly improve the usefulness of the information provided to users.
The New York Times
When federal authorities want to ferret out abusive tax shelters, they send an army of forensic accountants, auditors and lawyers to burrow into suspicious tax returns.
Analyzing mountains of filings and tracing money flows through far-flung subsidiaries is notoriously difficult; even if the Internal Revenue Service manages to unravel a major scheme, it typically does so only years after its emergence, by which point a fresh dodge has often already replaced it.
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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