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AAA-CPA Fall Meeting & Education Conference pre-registration open
AAA Four Diamond Award and Forbes Four-Star Award-winning Vdara Hotel & Spa offers contemporary interior spaces with modern amenities and services, a rooftop pool and lounge, spa, salon and intimate meeting space all wrapped up in an atmosphere bound to surpass every expectation. Join us for an amazing program that will provide 16 hours of CPE and CLE/MCLE on a 50-minute hour track and 13 CLE/MCLE on a 60-minute hour track. We will also be offering several of these sessions for continuing education credit as a new provider.

Featured education courses:

FBAR: Workshop on Current Issues With Foreign Bank Account Reporting
Estate Planning: Why Designating a Beneficiary is Important Drafting Docs Using BusinessDocx
Ethics: Where the Lawyer Ends and the CPA Begins
Ethical Obligations With Regard to IRS Criminal Subpoenas Fraud in Nonprofits: Forensic Accounting Tools and Techniques

Proposed Revisions to Circular 230 — Death of a Legend
Recent Developments in Tax Jurisprudence in the Federal
Circuit and Court of Federal Claims
Risk vs Reward in Business Decisions

Click here for the full promo and pre-registration form.

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IRS, Treasury delay FATCA tax evasion law by 6 months
The Internal Revenue Service is giving overseas banks a six-month delay to the start of the Foreign Account Tax Compliance Act, the Department of the Treasury said. The extension of the act, or FATCA, follows a previous delay announced in 2011. The extension, to July 1, 2014, will allow foreign banks time to comply with the law "while helping ensure efficient implementation," the Department of the Treasury said.
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Looking for similar articles? Search here, keyword FATCA.

US tax system ranks 94th out of 100 — Right below Zimbabwe
Well, is the U.S. tax system competitive? Many global companies say it isn't. In his recent Senate testimony, Apple Tim Cook distanced Apple from tax gimmicks, but the Permanent Subcommittee on Investigations report on Apple paints a grim picture. Many companies are even more aggressive and say our tax system is at fault.
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Study: Immigration reform would boost tax revenues
U.S. News & World Report
The economic impact of legalizing 11 million immigrants who entered the country illegally is one of the main stumbling blocks keeping some fiscally conservative lawmakers from backing any path to citizenship. A new study by the Institute on Taxation and Economic Policy, however, shows the economic impact of legalizing immigrants is a positive one, not the financial drain some have claimed.
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  Don't Miss Our Most Popular Annual Event

Join us in Denver, July 24-26, for The 2013 Planning for the Generations Symposium. This unique event is your source for quality education, interdisciplinary networking, and the secrets to growing your practice through the “Continuum of Care” approach. It’s a must-attend for estate planning professionals!

Lawmakers wrestle with cutting big tax breaks
When it comes to tax reform, it's go big or go home. As lawmakers wade into the specifics of overhauling the tax code, they'll find it tough to enact major cuts in tax rates — for many, the only reason to bother with all the controversy that will come with a once-in-a-generation overhaul — without slicing a wide swath of tax breaks benefiting millions of Americans.

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Federal tax update — June
By David De Jong, Esq., CPA, Stein Sperling Bennett De Jong Driscoll PC
In Daly v. Commissioner, a civilian worker in Afghanistan and Iraq failed to convince the tax court that he was a bona fide foreign resident. Aside from the fact that he spent time during the years in question in other countries and back in the United States, he was not even allowed to leave the military bases in Afghanistan and Iraq.

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Why tax refund fraud could get worse
From the April 10 issue: VideoBrief When suburban Atlanta accountant Priscilla Diggs-Costen met the police at her office after the alarm company called in December, she thought it might have been a false alarm. "When I first got here, it looked like there was no robbery. And then I looked at my desk."

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A bipartisan duo takes tax pitch on the road
VideoBrief Congress is setting up for a showdown this fall on the budget, the debt ceiling and possibly immigration. But another item on the agenda hasn't been getting as much attention: changing tax policy. The chairmen of the two tax-writing committees have been working for years, holding hearings, releasing white papers and even hosting bipartisan tax chat lunches at a pub — often with little notice.
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Appeals court rules IRS can't tax some gambling winnings
Everything is taxed, right? Just about. So when something isn't, it seems truly remarkable. When you add that it's gambling winnings we're talking about, the idea that anything isn't taxed is too good to be true.
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Competitiveness expert slams Obama tax plan
USA Today
Renowned U.S. competitiveness expert Michael Porter criticized President Barack Obama's corporate tax reform proposal, saying his plan to tax the foreign profits of U.S. multinationals would discourage investment in this country. "I'm actually disappointed with President Barack Obama," said Porter, a Harvard Business School professor, in a meeting with several reporters before testifying at House Small Business Committee hearing.
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Missed last week's issue? See which articles your colleagues read most.

    Why tax refund fraud could get worse (CNBC)
Switzerland's rejection of US tax deal leaves taxpayers in suspense (Accounting Today)
Ruling hands married gay couples potential tax benefits (Reuters)
In 2 states, conservatives sought more tax exemptions (The Cincinnati Enquirer via USA Today)
Tax chairmen begin reform tour (The Hill)
Married same-sex couples uncertain about their taxes (Los Angeles Times)

Don't be left behind. Click here to see what else you missed.

July 25
Tax Jurisdiction and Tax Practice in the United States Court of Federal Claims

Aug. 6
Members Only Study Group: Medicare Surtax — Analysis and Planning

Aug. 8
PA/DE Chapter Meeting

Sept. 12
PA/DE Chapter Meeting

Oct. 15
Georgia Chapter Meeting

Nov. 6
AAA-CPA Fall Meeting & Education Conference

Nov. 4, 2014
AAA-CPA Fall Meeting & Education Conference


The AAA-CPA Weekly Update

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