We Are Here, You Should Be Too!
The AAA-CPA Fall Meeting & Education Conference starts today, and we have a spot for you. Daily registrations are available for you to join us Thursday, Friday and/or Saturday. Don't miss out on the many opportunities to network with your peers and be updated on the latest education topics by top experts in your field. Just come to the Sofitel Lafayette Square in Washington, D.C., and we will take care of your registration when you get here. Click here for the schedule of events and for details on the education sessions.
AAA-CPA Luncheon in Conjunction With the Heckerling Institute on Estate Planning
Join your fellow attorney-CPAs for a free luncheon Jan. 13 during the 49th Annual Heckerling Institute on Estate Planning. This event is open to members and affiliates of the AAA-CPA and nonmembers who qualify to become a member. You do not need to be currently practicing. For more information and to register, go to our Calendar of Events section on our website, or click here to download a registration form.
Allen Buckley to Present Year-end Tax Planning With Employee Benefits Study Group
Join AAA-CPA member Allen Buckley Nov. 18 as he will be presenting a study group called Year-end Tax Planning With Employee Benefits at 2 p.m. EST. This study group will cover means of minimizing income and Federal Insurance Contributions Act tax for individuals and businesses for 2014 and 2015 via utilization of employee benefits. Members and nonmembers of the AAA-CPA are welcome to join. For more information and to register for this program, please click here.
CCH Member Tax Essentials Bundle
The Member Tax Essentials Bundle is brought to you by CCH tax law editors. These publications, now bundled, represent a highly experienced staff of writers, analysts and editors with professional designations including J.D., LL.M., C.P.A., M.B.A., M.S.A., M.L.S. and E.A.
This bundle consists of the following 2015 edition titles at a special bundle price:
"U.S. Master Tax Guide®"
"Internal Revenue Code, Winter"
"U.S. Master™ Estate & Gift Tax Guide"
"U.S. Master™ Depreciation Guide"
State Tax Handbook
Changes Coming Next Year in W-2 and 1099 Forms
The Internal Revenue Service is making changes in W-2 and 1099 forms and reporting requirements starting next year.
Greatland, a provider of W-2 and 1099 business software, offered a description of the changes.
Deal to Lock in US Tax Cuts is Bubbling Up on the Hill
Some U.S. lawmakers are exploring a post-election deal that would lock in permanent tax cuts for major corporations and low-income families.
The potential trade is one way Congress could break a logjam over reviving dozens of popular tax breaks that lapsed at the end of 2013, said a Senate Democratic tax aide who sought anonymity because the idea is still in early discussion stages.
Record Number of Americans Renouncing Citizenship Because of Overseas Tax Burdens
Frustration over taxes is as American as apple pie, but some U.S. citizens are becoming so overwhelmed by the Internal Revenue Service that they've decided to stop being Americans altogether.
According to new Department of the Treasury data, 776 Americans renounced their citizenship over three months ending in September for a total of 2,353 renunciations this year, on pace to surpass the previous year's record number of 2,999 renouncers.
States Are Lowering Their Estate Taxes to Lure Retirees
It's not unusual for states to claim that they're terrific places to live. But increasingly, states are trying to get out the message that they're also great places to die. In 2015, four states will increase the amount that's exempt from state estate taxes, reducing or eliminating the tax that heirs will have to pay.
IRS Raises Limit on Tax-free Lifetime Gifts for 2015
As many estate planners anticipated, the Internal Revenue Service has raised the limit on tax-free transfers during life or at death. Starting in 2015, that amount, known as the basic exclusion, will go up to $5.43 million per person from $5.34 million this year. The announcement indicates that there will be no change in the annual exclusion, which allows you to give $14,000 in cash or other assets each year to each of as many individuals as you want without dipping into the basic exclusion.
Tax Avoidance is a Global Problem
U.S. tax law creates perverse incentives for American companies to hold cash offshore, and the U.S. Department of the Treasury recently announced proposals to deter the practice. The proposals have triggered an outcry that ranges from criticisms that the Obama administration has overstepped its authority, on one side, to criticisms that the proposals have not gone far enough, on the other.
Missed last week's issue? See which articles your colleagues read most.
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