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Home   Membership   Calendar   Foundation   Links   Job Board   Apr. 11, 2012



CCH discounts for American Association of Attorney-CPAs
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As an association member, you receive a special discount of up to 30 percent on CCH titles each and every month. Take advantage of this special discount, and take a closer look at these popular titles, which are available to you at 30 percent off.

Federal tax update
by David S. De Jong, Esquire, CPA , Stein Sperling    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In Neri v. Commissioner, TC Memo 2012-71, the tax court determined that damages awarded a complainant for failure of his employer to accommodate a disability are taxable when the physical disability was not worsened by the lack of accommodation.

In memoriam — Arthur Singer, Esquire, CPA
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Arthur Singer, Esquire, CPA, past-president and board member from Nevada, has passed away. The AAA-CPA office was informed that he passed away on the March 30. At this time, there has not been a published obituary. He is survived by his wife and children. Singer would have been 89 in May. If you'd like to send condolences, the address to reach his wife is as follows: 3539 South Eastern Avenue, Las Vegas, NV 89109. If you would like to call, the number is 702-732-4501. Per our current policy, we will be sending a sympathy card and basket to the home on behalf of the association.

Your Affordable Estate Planning Solution!

Fore! Trust Software, used by law firms and attorneys through-out the US, provides an automated process for the drafting of state specific, revocable/irrevocable, estate planning documents completely customized for your clients. A virtual “client-portal” is also available. Download a fully-functional evaluation trial. Presentation binders with tabs are also available.

A headwind for the US economy: Tax uncertainty
Seeking Alpha    Share    Share on FacebookTwitterShare on LinkedinE-mail article
When contemplating investment decisions, it's generally a good idea to consider the future tax implications of any moves you might make. Unfortunately, this is especially difficult to do today. The future of the U.S. tax code has never been more uncertain, harder to plan for, and there has never before been such a looming potential headwind hanging over the U.S. market. More

The tax debate cometh
msnbc    Share    Share on FacebookTwitterShare on LinkedinE-mail article
VideoBriefGiven that Americans across the country will be filing their tax returns, don't be surprised if the issue of taxes takes center stage in the political debate. Indeed, Democrats are emphasizing tax fairness and the so-called Buffett rule. The Obama campaign is holding a conference call demanding that Mitt Romney explain why he opposes wealthy Americans paying a lower effective tax rate (due to their investment income) than folks in the middle class. More

IRS may allow virtual face-to-face audits via videoconference
Accounting Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Taxpayer Advocate Service at the Internal Revenue Service is beginning to pilot test a way for taxpayers to engage in face-to-face teleconferences with case workers to help them deal with their tax problems, and the program may expand to audits as well. National Taxpayer Advocate Nina Olson recommended that the IRS set up the technology to conduct "virtual face-to-face audits" with taxpayers as way to overcome persistent problems with the IRS's correspondence examination process. More

Congress prodded to act on tax cuts
The Associated Press via The Buffalo News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
IRS Commissioner Douglas Shulman warned recently of a disastrous tax filing season next year if Congress puts off dealing with tax cuts that are set to expire at the end of the year or have already expired. If Congress waits until the end of the year or acts retroactively on expired tax laws, "you could have a real disaster in the filing season where there is total confusion" about existing tax law, Shulman said at the National Press Club. He said one result could be that the tax agency would have to delay the opening of filing for some taxpayers. More

SEC probes exchanges' disclosure in broad inquiry
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Regulators are closely scrutinizing stock exchanges for failure to disclose material changes to their businesses, part of some 20 different areas of inquiry by the U.S. Securities and Exchange Commission into how the electronic marketplace works. The SEC is interested in everything from the type of orders that the exchanges have devised to allow their clients to execute trades, to whether they are properly self-policing their markets, according to people familiar with the matter. More

IRS confident courts will uphold effort to license tax preparers
The Hill    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The IRS is confident that their initiatives to increase regulation of tax preparers will be found legal, despite challenges from opponents. With a libertarian group filing a lawsuit saying the agency is in the midst of a power grab, Doug Shulman, the IRS commissioner, said that new requirements would help smoke out unscrupulous preparers and were being implemented with care. More

April 12
Legal and Accounting Issues in Private Fund Advisor Examinations

April 17
New York Chapter Networking Event with the NYU School of Law Students

April 20
Planning for Mineral Interest Owners — South Texas Chapter Meeting

April 26
Members Only Study Group: Coordinating and Comparing Veteran's and Medicaid Benefits

April 27
Northeastern Regional Education Conference
Capital Area Networking Reception in conjunction with the Northeastern Regional Conference

April 29
Capital Area Brunch in conjunction with the Northeastern Regional Conference

May 4
Estate and Financial Planning for Clients Living with Chronic Illness

May 8
Income Tax Planning for Chronic Illness
Michigan Chapter Meeting

May 11
Florida Meet and Greet Social

May 18
Preserving the $5,120,000 Exemption and Other Estate Planning Ideas — South Texas Chapter

May 25
Annual Wealth Protection 2012: Creating Wealth Certainty in an Uncertain World

June 5
Capital Area Chapter Meeting

June 30
Annual Meeting and Education Conference
The Attorney-CPA Weekly Update
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
Katina Smallwood, Content Editor, 469.420.2675   Contribute news
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