The AAA-CPA Weekly Update
Mar. 13, 2013

Featured education sessions at the Northeastern Regional Education Conference
Join us May 3-5 for the Northeastern Regional Education Conference in Hershey, Pa. We will feature eight hours of top-notch continuing education. Here are some of the sessions being offered:

Special Risk Management Considerations Dual Practicing Professionals Need to Think About
Fiduciary Duties (Delaware and Pennsylvania Law)
Business Transition Planning, Use of Redemption in Combination With an ESO
Update From 47th Annual Heckerling Institute on Estate Planning
An In-Depth Look at New York State and New York City Residency Issues

Panelists include Marty Ween, Esq.; Eric Andersen, Esq., CPA; Edward Bortnick, CPA, CVA, CFD, CFFA, CFF; Louis Diamond, Esq., CPA; and Karen Tanenbaum, Esq., CPA. Come add to the discussion and receive up to eight hours of CLE/CPE credit. Education sessions begin the morning of Saturday, May 4, and end in time for you to take part in a pickup game of basketball or visit Hershey Park, which opens that weekend. Our hotel offers complimentary transportation to the park. We will conclude the conference on the morning of Sunday, May 5, with an in-depth session on the latest estate planing updates. Registration is now open. Make sure to plan to be with us after tax season to decompress. Please click here to register online. For more general information and information on the programs and presenters, click here. See you all in the sweetest place on Earth. More

2013-2014 Networking & Referral Directory and Find an Attorney-CPA search engine updates
The AAA-CPA is in the process of updating our membership records for the 2013-2014 Networking & Referral Directory and our Find an Attorney-CPA search engine on our website. Please review your contact information by logging into our website and going to the My Information tab under the Members Only section. Please note that if your practice area or biography needs updating, you will have to email changes to, as those fields are unable to be updated online. Updates received by April 5 will be included in the 2013-2014 Networking & Referral Directory and mailed to all members in June.More

American Bar Association Section of Real Property, Trust and Estate Law Spring Symposia
American Bar Association
As a fellow member of Synergy Summit, the American Bar Association Section of Real Property, Trust and Estate Law invites AAA-CPA members to join them at the Spring Symposia, May 2-3. This year it is in Washington, D.C., at the Capital Hilton. There will be two days of CLE, covering everything from the fundamentals to cutting-edge aspects of real property and trust and estate law. Programs will include speakers who are some of the most respected experts in the fields of real property and trust and estate law. Please note that members of the AAA-CPA who have never attended the Spring Symposia before may take advantage of the special $250 discount extended to all first-time registrants. In addition, all members who register before April 12 will receive a complimentary ticket to the committee luncheon (a $25 value). This luncheon is an excellent opportunity to find out more about the work of the ABA Section of Real Property, Trust and Estate Law and gather with a smaller group of attendees with common practice interests. Click here for more details.More

Alan E. Weiner appointed to 5th term as judge
Alan E. Weiner, CPA, J.D., LL.M., has been appointed to a fifth term (2013-2014) as a judge on the New York State Society of Certified Public Accountants' Excellence in Financial Journalism Awards Committee. He is the founding tax partner, and now partner emeritus, at Holtz Rubenstein Reminick in New York City. The NYSSCPA offers its annual Excellence in Financial Journalism Award to recognize reporters from the national and local press who contribute to a better understanding of business topics. A panel of members from the NYSSCPA and the New York Financial Writers' Association judge entries on accuracy, quality and thoroughness of research; the ability to communicate a balanced understanding of the topic; and the examination of a significant and complex subject with depth and context. Original entries created in 2012 before Jan. 1 (inclusive) are eligible for the competition.More

Federal workers owe $3.5 billion in back taxes
The Associated Press via U.S. News & World Report
The number of federal workers and retirees who owed delinquent income taxes jumped by nearly 12 percent in 2011, the Internal Revenue Service said. Nearly 312,000 federal workers and retirees owed more than $3.5 billion in back taxes as of Sept. 30, 2011, the agency said. The year before, about 279,000 workers and retirees owed $3.4 billion.More

Senate eyes wasteful spending in tax code
Accounting Today
With lawmakers under pressure to find ways to reduce the deficit while avoiding the more painful spending cuts in the sequester, the Senate Budget Committee held a hearing to examine how to reduce the deficit by eliminating wasteful spending in the tax code. A recent hearing scrutinized the trade-offs between increasing taxes on the wealthy and large corporations as opposed to cutting programs relied on by families, seniors and communities nationwide.More

Americans take payroll-tax increase in stride to keep spending
Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year. Americans are saving less and spending more for purchases such as new automobiles, as household net worth climbs with rising home values and stock indexes surging to record highs. Companies are ramping up hiring, adding 246,000 to private payrolls in February. More

'Common ground' exists for eliminating tax loopholes
The Hill
VideoBriefRep. Jason Chaffetz, R-Utah, said he believes there is some "common ground" with congressional Democrats in identifying and eliminating tax loopholes. "I do believe there is common ground in getting rid of a lot of these loopholes. I really do," Chaffetz told CNN.More

NFIB: Small businesses want simpler code, lower taxes
The Hill
A prominent small business advocate says its members want tax reform to both simplify the code and lower their taxes. The National Federation of Independent Business found in a survey that owners want Washington, D.C., to overhaul the tax code, and a similar percentage want policymakers to rely on spending cuts rather than revenues to reduce deficits. More

6 corporations that hate the US tax system
The Huffington Post
It's no secret that the U.S. tax code is complex, and companies shelter billions in overseas tax havens to avoid paying out to Uncle Sam. In fact, several major companies are vocal about their lack of plans to bring overseas cash home. Apple's chief financial officer said last year that Apple has no plans to bring home its billions in overseas cash because of "current tax laws."More

More US profits parked abroad, saving on taxes
The Wall Street Journal
U.S. companies are making record profits. And more of the money is staying offshore, and lightly taxed.More

With more blended families, estate planning gets ugly
USA Today
The couple in their 50s pulled up to the estate lawyer's office in a snazzy sports car. She was dripping in jewelry and carrying a designer bag. He wore an expensive watch. They lived in a swanky part of town. More

In memoriam via Los Angeles Times
Member Meyer "Mike" Branman of Beverly Hills, Calif., passed away on Feb. 26. He was very ill. His wife Shirley Prince Branman passed away on Sunday, Feb. 24. Mike Branman was previously married to Ethel Branman.More