Alan E. Weiner, CPA, JD, LLM, to Present Working With the Medicare Surtax on Net Investment Income — What Have We Seen? Study Group Aug. 19
AAA-CPA member Alan E. Weiner, CPA, J.D., LL.M., of Baker Tilly Virchow Krause LLP will be presenting a study group Aug. 19 at 2 p.m. EDT. This study group is for all that worked on the 3.8 percent NIIT either for clients or personally, but all members are invited to attend. Study groups are complimentary for members and $15 for one CPE/(M)CLE credit. Please click here for more information and to register for this members-only teleconference.
Ethical Considerations When Your Potential Tax Client is a Marijuana Business
By Annette Nellen, Esq., CPA, via The Federal Lawyer, Tax Talk, July 2014
This article is a review of issues for CPAs and attorneys in assisting marijuana businesses given that growing and selling are federal crimes.
America's Tax-cut Obsession is Colliding With Reality in Kansas
It's hard to overstate the appeal of tax cuts in the U.S., a nation that was primarily formed in opposition to government revenue collection.
The traditional champions of tax cuts, conservative Republicans, haven't occupied the White House since 2008, when President Barack Obama was elected as president.
Obama Blames Accountants for Inversion Trend
President Barack Obama put the blame on accountants for the wave of companies doing tax inversions. During a press conference following a summit with African leaders, Obama said, "You have accountants going to some big corporations — multinational corporations but that are clearly U.S.-based and have the bulk of their operations in the United States — and these accountants are saying, you know what, we found a great loophole — if you just flip your citizenship to another country, even though it's just a paper transaction, we think we can get you out of paying a whole bunch of taxes."
Wealthy Businessman Pushes Bill Tying Corporate Taxes to CEO Salaries
The Huffington Post via Capital and Main
One night last year, as the public debate about economic inequality began to sharpen, Sen. Mark DeSaulnier, D-California, was walking to the premiere of a documentary film focused on that very subject. "Inequality for All," narrated by former U.S. Labor Secretary Robert Reich, had been executive-produced by the man DeSaulnier was walking with that evening, Stephen M. Silberstein.
Taxes Go to Operation of Presidential Libraries
In the nearly 60 years since the federal government became the official caretaker of former U.S. presidents' historical documents, presidential libraries have engaged in a delicate dance to keep the private foundations that build them and the taxpayers who keep them running from stepping on each other's toes.
While presidential libraries are designed and built almost entirely with private donations, they are then handed over to the National Archives and Records Administration to oversee.
These Are the Companies Abandoning the US to Dodge Taxes
The Washington Post
It is a tax trick that has been around for years, but the pace of companies moving their headquarters overseas to lower their tax rate has sped up in the last decade.
American firms have moved overseas at a time when a growing number of countries have reduced tax rates. These "inversions" have been taking place as Congress remains at odds over lowering the corporate tax rate of 35 percent, one of the highest rates in the world.
The Muddled Road to Overhauling Corporate Taxes
The New York Times
Every loophole has its lover.
That's why, despite the furor that has erupted over American companies adopting foreign headquarters to reduce their taxes, it is proving so difficult to fix a corporate tax system that most everyone agrees is badly broken.
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