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Home   Membership   Calendar   Foundation   Links   Job Board June. 8, 2011

We would like to provide the readers of the AAA-CPA Weekly Update, a look at the most accessed articles from the first half of the year. Our regular publication will resume next Wednesday, Jan. 15.

Jan. 5 — Estate planning: Temporary estate tax relief enacted
Lake County News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On Dec. 17, 2010, President Barack Obama signed "stop-gap" legislation to resolve the uncertainty regarding the estate and gift tax, at least for the years 2010 through 2012. Let us examine the changes to the estate and gift tax laws. First, let's look at the estate tax. More

May 25 — Income tax repeal clears next hurdle in Senate
The Times-Picayune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A bill to repeal all state income taxes cleared a hurdle in the Senate on May 17 with a 19-17 procedural vote that sets up the proposal for a May 24 floor debate. The fiscally eye-popping measure — $10 billion to $15 billion in reduced state revenues over five years, depending on the details — prompted a spirited debate, with the cheerleading coming mostly from Democrats and the opposition from Republicans. More

June 1 — Where have all the estate planning lawyers gone?
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Forbes reports that estate planning attorneys have seen their work dry up in the wake of the December 2010 estate tax relief legislation. That legislation raised the value of property which an individual can leave free of estate tax (unified credit) to $5,000,000, allows a decedent's estate to use the remaining unused unified credit of his or her last predeceasing spouse; and lowered the highest Federal estate tax rate to 35 percent. More

May 11 — The essentials of estate planning in 2011
Lexology    Share    Share on FacebookTwitterShare on LinkedinE-mail article
On Jan. 1 new legislation went into effect that: significantly changed the Federal estate, gift and generation-skipping transfer (GST) tax rates, unified exemption amounts and introduced the concept of "portability" to help avoid wasting unused exemptions. This new law sunsets on Dec. 31, 2012 and as we experienced with the Federal estate tax repeal in 2010, there is no telling whether Congress will extend these tax provisions into 2013 and beyond. Accordingly, estate planning should be addressed now to take advantage of the opportunities brought about by new tax law changes, as well as to consider non-tax issues that remain of critical importance. [Free registration required.] More

Feb. 23 — The fine points of S corporations
Fox News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Since 1997, S corporations have been the most popular form of corporate tax return filed with the IRS. Over 3 million U.S. companies that are defined as small businesses "elect" S corporation status on IRS Form 2553 instead of filing their income tax returns as standard C corporations. More

Jan. 5 — Planning for a disappearing estate tax break
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The new provision allowing married couples to pass on $10 million to heirs expires in 2013. What should your will say now? More

May 25 — Now that I've incorporated: What's next?
Small Business Trends    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Over the course of her career, Nellie Akalp helped many small business owners incorporate a business or form an LLC. And certainly there are many questions leading up to the process, such as, what type of business should I form? What's the difference between an S Corp and a C Corp? But she's also found there can be just as many questions after incorporating a business or forming an LLC. More

Feb. 23 — Giving money back to parents    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Q:My mother gave $30,000 away in 2008. She is now in a nursing home and will apply for Medicaid in about 12 months. Can we "give back" the money? If so, how is it done so as not to appear as a gift? She does not have the funds to cover a disqualification period. More

June 1 — Estate planning: 16 things to do before you die
Investopedia    Share    Share on FacebookTwitterShare on LinkedinE-mail article
While many of us like to think that we're immortal, the old joke is that only two things in life are for sure: death and taxes. Not only is it important that you have a plan in place in the unlikely event of your death, but you must also implement your plan and make sure others know about it and understand your wishes — as Benjamin Franklin's famous quote goes, "by failing to prepare, you are preparing to fail". If you've procrastinated on your estate planning, this article will help you get going in the right direction. More

Jan. 12 — Wealth planning under the 2010 Tax Relief Act: Temporary estate and gift tax planning opportunities
State Bar of Wisconsin    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The 2010 Tax Relief Act signed into law last month provides temporary estate and gift tax relief that will have an important impact on estate planning for the next two years. Susan Minahan and Brad Kalscheur discuss planning opportunities and challenges the Act provides estate planners. More

June 10, 2011
The New Estate and Gift Tax Law – California Chapter Meeting (Orange County)
June 17, 2011
South Texas Chapter Meeting
2011 Annual Income Tax Seminar
June 21, 2011
Members Only Study Group: Quarterly Update on S Corporations
June 25-30, 2011
48th Annual Meeting & Education Conference
June 30, 2011
Members Only Study Group: Special Needs Trust
July 20, 2011
Colorado Chapter Meeting
July 28, 2011
Members Only Study Group: Running an Efficient Elder Law Practice
July 30, 2011
Washington Nationals vs. NY Mets — Capital Area Baseball Outing
Aug. 18, 2011
Members Only Study Group: Conversions
Aug. 19, 2011
"How to Ethically Represent your Client in Buying and Selling a Dental or Medical Practice?"
Aug. 25, 2011
Members Only Study Group: What Really is Asset Protection?
Sept. 13, 2011
Members Only Study Group: Quarterly Update on S Corporations
Sept. 22, 2011
Members Only Study Group: Basic vs Advanced Planning in Elder Law

The Attorney-CPA Weekly Update
Colby Horton, Vice President of Publishing, 469.420.2601   Download media kit
Annette L. Kovac, Content Editor, 469.420.2604   Contribute news
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