The AAA-CPA Weekly Update
Jan. 30, 2013

New Undergraduate Affiliate status
Are you an undergraduate student with a focus on accounting or law? With the new Undergraduate Affiliate status, we welcome you to affiliate with the AAA-CPA for free. Learn more about each profession and how they work hand in hand. Free membership can last no longer than a period of five years unless you move to a new level of affiliate or membership status.

Affiliate status gives individuals the opportunity to network with our dually-licensed members, along with other great benefits such as:

For a complete list of affiliate benefits, please click here.

Now is your chance to belong to the only association in the nation whose members are comprised of professionals who are dually qualified as both attorneys and CPAs. Click here to join today.More

AAA-CPA is pleased to announce Newkirk as their latest Bronze Partner
The AAA-CPA Partners Program is all about developing relationships with an exclusive and unique group of professionals. The AAA-CPA Partners Program is an excellent way for companies to gain ongoing visibility before attorney-CPAs and affiliates that are key decision makers in their firm or practice. Newkirk, a DST Company, is a leading national financial communications company that offers valuable marketing tools at cost-effective pricing. Newkirk can help enhance your professional reputation by providing meaningful and useful information to clients and prospects. You can personalize comprehensive brochures, newsletters and seminar presentations to help increase your name recognition. You can also subscribe to online content for electronic distribution. Get started by reviewing materials and/or placing your order online at or contact us at 800-525-4237. To read the full press release, click here.More

Boomers' aging parents may yield a tax deduction
The Associated Press via CNBC
Members of the sandwich generation — caught between supporting elderly parents whose assets are nearly exhausted and adult children without jobs — might find some relief come tax time. The bottom line is, who's a dependent? More

Obama nominates Mary Jo White as SEC chair
The Washington Post
VideoBriefWhen lawyers at the Securities and Exchange Commission went after ­JPMorgan Chase for misleading mortgage investors, they came up against a defense team led by the tenacious Mary Jo White. Little did they know that she could soon become their boss.More

Senate bill would expand tax credit for hiring veterans
Accounting Today
Senate Finance Committee Chairman Max Baucus, D-Mont., and Sen. Jon Tester, D-Mont., have introduced legislation that would expand an existing tax credit for hiring veterans to encourage further hiring while making it easier for businesses to claim. The Veteran Employment Transition Act of 2013 aims to combat unemployment among veterans by allowing employers to claim a $2,400 tax credit when hiring any recently discharged veteran and streamlining the certification process for both veterans and businesses.More

IRS: Let new tax return preparer rules proceed
In a move to protect taxpayers from unscrupulous tax return preparers, the U.S. Internal Revenue Service has asked a federal judge to reconsider his earlier order that shut down the agency's first attempt to regulate the tax return preparation industry. With up to 700,000 preparers potentially affected, the agency asked U.S. District Judge James Boasberg to suspend a permanent injunction he issued against the IRS program.More

White House official: Corporate tax reform should boost green energy
The Hill
A White House economic adviser said that any overhaul of the corporate tax code should provide a lift for green energy technologies. "The first headline of corporate tax reform will not be 'corporate tax reform for the clean energy economy.' But the way that corporate tax reform gets done could have a dramatic effect, long-term, on the incentives for investment in the United States for ... technologies and renewable technologies," said Brian Deese, deputy director of the National Economic Council. More

Investors get a tax break with early dividends
USA Today
Big investors and insiders with big stakes in individual companies are getting a big gift this year: a massive tax break. More than 600 companies announced plans late last year to either pay dividends early or cough up extra dividend payments in 2012. The dividends are enormous, totaling more than $14.4 billion just from the 30 companies in the Standard & Poor's 500 that made early or special payments.More