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Annual Wealth Protection 2012: Creating Wealth Certainty in an Uncertain World — May 25
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Co-sponsored by the Florida Association of Attorney-CPAs, The Florida Bar Continuing Legal Education Committee and the Tax Section of the Florida Bar

This seminar is an advanced conference that will feature the following sessions: Florida Trust Planning for the Affluent and Successful: How to Keep Them That Way; The Latest on Florida LLC and Limited Partnership Law and Strategies Update; National and International Developments and Hot Topics in Asset Protection: 2011 to Present; What Tax Lawyers Should Know About the Difference in Litigating Wealth Protection Issues in the U.S. and Offshore; From the Trenches: Asset Protection Cases and What They Teach Us; What is Actually Happening in the Real World; Current Developments in Florida Exemption Planning and Bankruptcy: Rothstein and Recent Cases of Interest; and Federal Income Tax Reporting, Compliance and Tax Controversy Issues — Hot Topics and Practical Strategies.

Click here for more information or to register for this event.

7th Annual South Jersey Working Together Conference (co-Sponsored by the AAA-CPA) — June 14
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This program continues to promote the positive ongoing relationship between the tax practitioner community and the Internal Revenue Service. The annual meeting, open to both IRS employees and the practitioner community, has become an anticipated event for many New Jersey tax professionals. The intent is to engage in ongoing, meaningful dialogue aimed at improving our dealings with one another, thereby improving service to our common customer — the taxpayer public. Click here for more information on this event, or contact Todd Cresci, IRS stakeholder liaison, at 856-414-6771 or

20 percent discount for members on 'The Fundamentals of Estate Planning' by Angela Vallario, University of Baltimore School of Law
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Written specifically for those in the state of Maryland, or studying Maryland estate planning, "The Fundamentals of Estate Planning" provides a unique opportunity to bring the practical aspect of estate planning into the classroom. The casebook provides text, relevant Maryland and federal statutes, forms and checklists used to interview and draft estate planning documents. Major topics include drafting of wills, testamentary trusts, inter vivos trusts, powers of attorney and advance medical directives for tax sensitive and nontax sensitive client scenarios. Additionally, the casebook provides an overview of the ancillary issues including elder law, Medicaid, guardianship, estate administration and will caveats. The book is accompanied by a CD which contains sample forms. AAA-CPA members receive 20 percent off this title with the discount code VALLARIO. This code expires July 31. To place an order, please visit or call 800-489-7486.

Attorney-CPA practice for sale
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A practice that is mostly accounting, tax preparation and legal in the northern California area is for sale. The legal practice consists mostly of trusts, probate and business contracts. No litigation is done. The firm has staff in place to assist during tax season. The gross income last year was $436,000 and net income was $206,000. The building is owned and could be purchased or leased. If you have an interest in learning more about this opportunity, please email Executive Director Nicole Ratner at for more details.

Legislation would cut taxes for companies that move jobs to US
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A pair of Democratic lawmakers have introduced a bill aimed at reducing taxes for businesses that move jobs back to the U.S. The bill, introduced by Congressman Bill Pascrell, D-N.J., and Sen. Debbie Stabenow, D-Mich., would provide a 20 percent tax credit to U.S. companies that bring jobs and business operations back to America, while ending tax breaks for companies that send jobs overseas. More

No US tax reform plan in the works — Obama aide
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President Barack Obama's nominee to be the top tax official at the Treasury Department said that the administration is not actively working on a plan to revamp the tax code, frustrating some of Obama's fellow Democrats. "We'd be negligent if we weren't doing foundational work ... but at this point, there is no plan that is being developed," Mark Mazur, Obama's nominee for Treasury's top tax job, said at a Senate panel hearing on his confirmation. Democrats and Republicans, including Obama, call revamping the complicated tax code a top priority, but acknowledge this will not happen until after the Nov. 6 elections. More

Your Affordable Estate Planning Solution!

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Report: IRS needs to improve whistleblower program
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The Internal Revenue Service needs to beef up oversight of its whistleblower program, a new federal audit has found. The Treasury Department's inspector general for tax administration, following up on a 2009 audit, said that the IRS needed to do more to ensure that whistleblower claims were accurate and that it had a more concrete timeline for processing claims. According to the report, the IRS could also more deeply evaluate the effectiveness of its program. More

Tax-exempt organization deadline nears
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For years, most small tax-exempt organizations were exempt from filing requirements with Internal Revenue Service. This all changed a few years back when The Pension Protection Act of 2006 made it mandatory for tax-exempt organizations to file an annual information return or notice with the IRS regardless of how much (or little) income the organization receives. The new rule was effective beginning in calendar year 2007. More

SEC probes giant private REIT
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The Securities and Exchange Commission's probe into Inland American Real Estate Trust Inc., the largest nontraded real estate investment trust in the industry, is another cause for concern for the $84 billion private real estate investment trust business, which has recently seen some REITs struggle with valuations. Inland American, which has $11.2 billion in real estate assets, made the SEC investigation known in its quarterly report. The probe, for potential violations of federal securities laws regarding fees and administration, is consistent with common criticisms surrounding the nontraded-REIT industry, namely the details of its fees. More

Many Americans abroad surprised by tax code's nasty bite
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As Americans abroad chafe under sharply increased U.S. pressure to declare foreign holdings and catch up on back tax filings, one group with tenuous ties to America and the benefits of citizenship is feeling particular pain and unease. They might be called "accidental" Americans, born during their foreign parents' brief stay on U.S. soil, or born abroad to American parents who long ago settled elsewhere. More

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

May 24
IRS Statutes of Limitations (Assessment and Collection)

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

May 30
Today's Reality: The IRS as Regulator of Tax Practice Conduct

May 31
Members Only Study Group: What Your Clients Can Do in 2012 to Permanently Save

June 5
Understanding IRS Criminal Investigations

June 12
Members Only Study Group: S Corporation Quarterly Update

June 14
7th Annual South Jersey Working Together Conference

June 20
The Art of Tax and Valuation in the World of Art, Collections and Other Tangible Assets

June 22
Annual Income Tax Seminar — Golden Gate University, San Francisco
Annual Income Tax Seminar — University of San Diego, San Diego
Annual Income Tax Seminar — Whittier Law School, Costa Mesa, Calif.

June 30
Annual Meeting and Education Conference


The AAA-CPA Weekly Update

Colby Horton, Vice President of Publishing, 469.420.2601
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Katrina Smallwood, Content Editor, 469.420.2675   
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