The AAA-CPA Weekly Update
Apr. 1, 2015

Don't Be Fooled ... Branson Has so Much to Do
AAA-CPA
Branson, Missouri, is centrally located within a day's drive of one-third of the U.S. population in the Ozark Mountains of southwestern Missouri. Adventures and amusements await you at every turn on land at a world-class theme park, on the water at Table Rock Lake or high in the air on a helicopter ride. Adventure seekers can choose from a wide variety of authentic attractions in this Ozark Mountain destination. Click here to explore. Fill your Spirit of Adventure and join us at the 2015 Annual Meeting & Education Conference June 30-July 5, 2015 at the Hilton Branson Convention Center. Click here for all the details on a foolproof way to spend the July Fourth holiday week this year.More

If You Are Me, Then Who Am I?
AAA-CPA
About 15 million U.S. residents have their identities used fraudulently each year resulting in $50 billion in losses. Identity theft may originate from "dumpster diving," hacking computer systems, using public records or misrepresentations on the telephone to obtain personal information. This is no April Fools' Day joke. Come learn how to avoid being a victim of identity theft from James D. McCartney, co-author of the book "If You Are Me, Then Who Am I?" at the Northeast Regional Education Conference May 1-3 in Baltimore. This program will provide up to eight hours of CPE and CLE/MCLE on a 50-minute hour track and 6.5 hours of CLE/MCLE on a 60-minute hour track. Click here for details and to register today!More

Congratulations Karen Tenenbaum
AAA-CPA
AAA-CPA member Karen Tenenbaum has been named as one of the Top Women Attorneys in New York by Super Lawyers, as well as one of Long Island's Top-rated Lawyers of 2015. Tenenbaum was also selected to be a part of the Super Lawyers' special section in The New York Times, Top Women Attorneys in New York, published March 22.More

Wealthiest Win as US House Panel Advances Estate-tax Repeal
Bloomberg
The 99-year-old U.S. estate tax would disappear under a bill approved by the House Committee on Ways and Means. The legislation, backed on a 22-10 party-line vote, would benefit about 5,500 families who pay the tax each year, plus thousands of others who organize their finances to avoid the 40 percent tax on estates upon death. It would deprive the U.S. government of $269 billion in revenue over a decade.More

Fraudsters Stealing Some TurboTax Refunds After Customers Filed
Accounting Today
In a tax season plagued with identify theft and tax fraud, a new method of online criminal activity has been identified, according to Intuit's statements. Typically, fraudsters file a tax return in their victims' names to collect the refund. In February, a rash of taxpayers reported logging into TurboTax to discover their state return already processed, leading Intuit to temporarily halt TurboTax e-filing. More

Most Americans Hate the Tax Code, but for the Wrong Reason
Investor's Business Daily
The good news is Americans are fed up with the current code. The bad news is most think the biggest problem is that corporations and the rich don't pay enough. A Pew Research Center survey found that 59 percent of the public say so much is wrong with the tax code "that Congress should completely change it." Just 38 percent think it needs only minor tinkering. More

The Truth About Corporate Tax Rates
Forbes
It's a rock-solid fact that the U.S. corporate statutory tax rate is the highest among developed nations and is significantly higher than the average. According to 2014 data from the Organisation for Economic Co-operation and Development, the combined federal and state statutory corporate tax rate for the United States is 39.1 percent. More

Is 2016 the Right Year for Tax Reform?
U.S. News & World Report
Given that the U.S. was founded because a bunch of people didn't want to pay their taxes (and sure, religious freedom and all that), it's perhaps not surprising how much Americans hate taxes. Recently announced presidential candidate Ted Cruz hit on that pressure point in his speech when he mentioned the tax code. More

Federal Worker Tax Delinquency Reaches Highest Point in Past Decade
The Washington Post
Federal employees have fallen further behind on their taxes, with their combined overdue debt to the government rising last year to its highest level in a decade. Civilian federal personnel owed more than $1.14 billion in back taxes in 2014, according to Internal Revenue Service data that the House Committee on Oversight and Government Reform released. More