The Attorney-CPA Weekly Update
Dec. 22, 2010

Holiday office hours
The AAA-CPA Offices will be closing at noon EST on Thursday, Dec. 23 and will be closed on Dec. 24 in observance of the holiday. We will reopen at 8:30 a.m. Monday, Dec. 27. More

2011 Southwest Regional Education Conference registration open
What better way to relax ahead of the busy tax season than a weekend getaway to the AAA-Four Diamond Barton Creek Resort & Spa? The AAA-CPA invites you to attend the 2011 Southwest Regional Education Conference, Jan. 21-23, 2011. Barton Creek features some of the region's most beautiful views while also boasting the number one and two ranked golf courses in Texas.

Don't miss out on the many networking opportunities or education sessions. This program will provide up to 7.5 hours of CPE and CLE/MCLE on a 50-minute hour track and 6.25 hours of CLE/MCLE on a 60-minute hour track. Attorney-CPAs; both members and non-members are encouraged to attend and bring their families. To register online visit

Join the AAA-CPA at The Heckerling Institute on Estate Planning for 2 free events
Come join your fellow Attorney-CPAs while we exhibit at the Heckerling Institute for Estate Planning for a free breakfast and luncheon at the Orlando World Center Marriott Resort and Convention Center. These events are open to members of the AAA-CPA and non-members who qualify to become a member. You do not have to be currently licensed as an Attorney and CPA to be a member. Membership is open to any person who has at any time qualified as a Certified Public Accountant and who also has qualified at any time to practice as an Attorney at Law. Make sure to ask about our discount memberships for Government, Educators and Students! Register online today at REGISTRATION CLOSES IN ONE WEEK!

FREE Luncheon for Attorney-Certified Public Accountants
Tuesday, Jan. 11, 2011
Sponsored by BCG Valuations & The Florida Association of Attorney-CPAs
Time: 12:35-2 p.m.
Location: Miami Room, Orlando World Marriott

FREE Breakfast for Attorney-Certified Public Accountants
Wednesday, Jan. 12, 2011
Sponsored by Integrity Marketing Solutions & The Florida Association of Attorney-CPAs
Time: 7-9 a.m. (Doors close at 8 a.m.)
Location: Solaris Restaurant, Private Room, Orlando World Marriott
Breakfast Buffet features over 80 items including: Omelets, meats, fishes, eggs, waffles/pancakes, fruit, pastries & cereals
Fee: FREEMore

2010-2011 delinquent membership dues
The AAA-CPA fiscal year and dues year runs Oct. 1 through Sept. 30. By now all members should have paid their 2010-2011 dues. If you have not yet paid your dues, a third notice was sent last week. Please note that all members who have not yet paid by Jan. 3 will be removed from all member benefits including, but not limited to the list serv, forwarding email and if you have signed up for any Members Only Study group registration will be cancelled. Make sure to get your payments in as well to avoid the $25 reinstatement fee. Dues may be paid online at and logging in to the Members Only area, by phone to 888-288-9272 or via mail. Questions should be directed to Thank you for your timeliness.More

Co-authors and contributors sought for publications
A number of books, for the largest CPE provider for CPAs, are seeking co-authors or contributors on the subjects listed below. These books are read by more than 100,000 CPAs and can provide a good source of business opportunities for contributors. This offer is on a first-come basis. If interested, please contact Lance Wallach, a past presenter at AAA-CPA Conference at or call him at 516-938-5007. Subject areas will be: Federal Estate and Gift Taxation, Litigation Support, Loss of Profit, Bankruptcy, and Business Valuations.More

Just an accountant with a law degree?
Mark McBride, Esq., CPA, Toledo, Ohio
Recently, after settling a rather long, drawn-out legal battle, opposing counsel attempted to compliment me by expressing surprise at my performance because he had always thought of me as "just another accountant with a law degree." More

Estate planning: Death bed planning is common
Q: I'm having a surgery after the first of the year. If there are complications and it appears I may not make it, can my son use the power of attorney to close my bank accounts? That way he won't have to pay inheritance tax on the money. Is there any reason that he should not do this?More

Last minute 2010 estate planning opportunities under the new Tax Relief Act
President Obama signed the "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" (the "Tax Relief Act"), to extend for two years certain expiring tax provisions. The Tax Relief Act adopts the compromise President Obama announced, which the U.S. Senate and House passed during the last two days.More

New tax laws preempt existing trusts tax
PR Newswire
Congress enacted the most sweeping change in the estate tax law in 29 years. The new law contains some good news for the very wealthy, but it also makes most estate plans obsolete. Everyone who has a living trust (family trust) should update it promptly. More

How the new tax law affects your 2010 taxes
Q: Can I still deduct my home's property taxes if I take the standard deduction?More

Tax deduction for mortgage interest could be on the chopping block
The Los Angeles Times
It's been around since 1913, but its time may be up. Such a change would generate billions of dollars in federal revenue that could be used to cut the deficit while inflicting little pain on most middle-class homeowners.More

Congress provides certainty on taxes -- at least for now
Investment News
Investment advisers now can confidently tell their clients they don't need to rush stock or real estate sales, or scramble to gift chunks of their estate to heirs before the end of the year. With the House vote late to extend Bush-era tax cuts, Congress has provided advisers with some much-needed certainty -- at least for the moment. The bill, which President Barack Obama signed, locks in the current marginal tax rates for all income levels.More

Atlanta property taxes: Values fall faster than tax bills
The Atlanta Post
In 2009, an exclusive, in-depth investigation found that amid the historic real estate collapse, many of us paid more in property taxes than we should have. This is the beginning of an eight-part series revealing continued flaws in the property tax systems in Clayton, Cobb, DeKalb, Fulton, and Gwinnett counties in Georgia.More