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Home   Membership   Calendar   Foundation   Links   Job Board June. 29, 2011


New Affinity Partner: Technical Solutions
AAACPA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Technical Solutions is a special Central Processing Unit (CPU) Maintenance Package for AAA-CPA members, and is aimed at meeting your needs in the most cost-effective way. The fact that we serve some 50,000 satisfied customers is evidence of the fact that you can depend on us to meet your needs. As a member, you will have access to a one of a kind, comprehensive small business survival kit from Technical Solutions.

Congratulations to Sydney S. Traum on your recent selection in 2011 Super Lawyers
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Sydney S. Traum, Of Counsel to the Firm, is a graduate of Harvard University (J.D.). He was admitted in 1962 - New York and U.S. Tax Court; 1965 - Florida Bar; 1966 - U.S. Court of Appeals for the Second Circuit and U.S. District Court, Southern and Eastern Districts of New York; 1967 - U.S. Supreme Court and U.S. Claims Court; 1968 - U.S. Court of Appeals for the Fifth Circuit and U. S. District Court of the Southern District of Florida; 1981 - U.S. Court of Appeals, Fifth and Eleventh Circuits. Click here for more information.

IRS sets tax filing extension at 5 months for partnership, estate and trust returns
Accounting Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Internal Revenue Service has issued final regulations shortening the automatic extension time period for partnership, trust and estate tax returns from six to five months, meaning the returns are due Sept. 15. The final regulations in TD 9531 put in place a temporary change that was originally promulgated in July 2008. More

Estate planning urged for small-business owners
Las Vegas Business Press    Share    Share on FacebookTwitterShare on LinkedinE-mail
Small-business owners may not take estate planning as seriously as they do other aspects of their enterprises. But observers say they should. "It's not as common as it should be," said Brooke Borg, founder of the Borg Law Group. More

Estate tax or carryover basis?
Journal of Accountancy    Share    Share on FacebookTwitterShare on LinkedinE-mail
For decedents dying in 2010, Congress provided two systems of taxing estates and determining basis of their assets. Executors of those estates must determine the better course. To do so, especially for valuations of gross estates above the new $5 million exclusion, they must take many factors and considerations into account. Should they use the exclusion or elect out of the estate tax and instead allow assets to pass tax-free to heirs, in the prior-law system of modified carryover basis? The latter comes with its own basis exclusions but without the step-up to fair market value on the date of death. More

The tax law that could make your grandchildren super-rich
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sometimes Congress hands out a break that is so generous it seems it must be a mistake. This one's a doozy: the ability to receive a tax-free inheritance of $400 million or more. Thanks to two recent changes in the tax code, investors with huge 401(k) accounts have a way to turn them into tax-free income for their grandchildren's lifetimes. More

To give or not to give? The 2-year estate planning 'opportunity'
Fox Business    Share    Share on FacebookTwitterShare on LinkedinE-mail
Much is being made in financial and estate planning circles about last year's 11th hour passage of the 2010 Tax Relief Act, the first major piece of legislation passed by the newly-elected Republican majority in the House of Representatives. Although the law reinstated estate and gift taxes, which had enjoyed a one-year hiatus in 2010, it instituted much lower rates and higher exemption amounts than both would have reverted to had they been allowed to expire. More

What next? ILITs and estate planning with the $5 million exclusion
AdvisorOne    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Life insurance is a common tool for ensuring that estates have adequate liquidity to pay estate expenses and taxes. But recent changes to the estate tax have some people questioning whether the high premiums they're paying are worth it when their estates are no longer likely to be hit by the estate tax. With a $5 million exclusion amount and brand-new exclusion portability provisions, far fewer households have to deal with the federal estate tax. But is allowing unneeded life insurance to lapse the best solution? More

Deals precede a tax increase
The Wall Street Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Businesses in Connecticut are trying to lure customers into their stores with promotions that expire July 1, when the largest tax increase in the state's history goes into effect. In Guilford, Yolo Laser Center & Med Spa's "Bank Your Botox" special offers customers who buy in bulk nearly a third off of Botox treatments. More

June 25-30, 2011
48th Annual Meeting & Education Conference
June 30, 2011
Members Only Study Group: Special Needs Trust
July 5, 2011
Unwinding the Black Box of Life Insurance - MO Chapter Meeting
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. 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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