Registration is Now Open for the 2015 AAA-CPA Annual Meeting & Education Conference
Join us June 30-July 5 in Branson, Missouri, for the 2015 AAA-CPA Annual Meeting & Education Conference. Come for the phenomenal education; stay for the plethora of activities to enjoy in Branson. Branson is one of America's favorite vacation destinations, where families that play together, stay together.
Click here for all the details on the best way you can spend the July Fourth holiday week this year.
Registration is Now Open for the 2015 Northeast Regional Education Conference
Join us May 1-3 in Baltimore for the 2015 Northeast Regional Education Conference. Don't miss out on great networking and education sessions in an intimate setting. This program will provide up to eight hours of CPE and CLE/MCLE on a 50-minute hour track and six hours of CLE/MCLE on a 60-minute hour track.
Click here for details and to register today!
New Special Enrollment Period for the AAA-CPA Health Insurance Exchange
The federal government has announced there will be a special enrollment period this year for those who didn't realize they had to buy health insurance when they did their taxes.
This special enrollment period runs from March 15 through April 30.
This is your last chance!
All plans are still Affordable Care Act-compliant, and you will not have to pay a tax penalty if you purchase one.
- All pre-existing conditions are covered.
- No medical questions will be asked.
- You are still eligible for subsides if you qualify.
- There are hundreds of plan designs to choose from.
- Calculate subsidies, pick out a plan and apply right online.
- Sign up in about 15 minutes.
Please visit here today!
James J. Rigos, Attorney, CPA, CMA, to Present "The New AICPA Conflict of Interest Paradigm" March 17
On March 17, AAA-CPA Dual Rights and Ethics Chair James J. Rigos will be presenting a study group titled "The New AICPA Conflict of Interest Paradigm." This study group will cover the new AICPA conflict of interest treatment of their code in ethics recodification effective Dec. 15. Click here for more information and to register online for this study group.
CCH Books of the Month
For the month of March only, purchase the following softcover or e-book titles at 40 percent off:
"U.S. Master Tax Guide," 2010
Regular price: $97.25
In March: $58.35
"Income Tax Regulations," Winter 2015
Regular price: $ 202.95
In March: $121.77
"Internal Revenue Code: Income, Estate, Gift, Employment and Excise Taxes," Winter 2015
Regular price: $142.10
In March: $85.26
Click here to purchase them at the discounted rate.
Michael W. Hoffman
Hoffman & Associates, Attorneys at Law LLC
Hoffman & Associates is an established law firm of 23 years focused on estate planning, probate, business law and taxation matters. Expertise in these areas comes from a dedicated staff of both attorneys and CPAs providing personal attention, exemplary legal service and sound financial guidance. Hoffman & Associates has always been the firm to deliver cutting-edge estate planning to individuals and families, with a particular focus on those with closely held business interests, farmers and other professionals. We represent hundreds of businesses for all of their general legal needs. Our law firm prides itself in having a stand-alone tax practice that prepares and files all types of tax returns, including estate, gift, trust, partnership, corporate and individual returns. Clients can streamline their business and personal affairs by utilizing the same firm for all of their estate planning, general business, tax planning and tax preparation needs. Hoffman & Associates is licensed to practice in Georgia, Florida, North Carolina and Tennessee. By listening compassionately, understanding needs and then delivering the best solution, we are able to help clients protect their legacies and become better planners, better business owners and better stewards of their families' resources.
Federal Tax Update — February
By David S. De Jong, Esq., CPA, Stein Sperling Bennett De Jong PC
In Sabolic v. Commissioner, TC Memo 2015-32, the tax court determined that a Las Vegas bartender kept accurate contemporaneous records of tips and disagreed with the Internal Revenue Service's position that he had understated tip income by about $20,000 in each of three years, amounts about equal to what he had reported. The IRS argued that the logs of the taxpayer were inadequate because he rounded to the nearest dollar.
Treasury: IRS Budget Cuts Could Endanger US Tax System
The Obama administration warned Congress that years of budget cuts to the country's tax collection agency could create a big fiscal headache.
Congress has slashed the budget for the Internal Revenue Service by 10 percent over the last five years, hurting the agency's operations, said Secretary of the Treasury Jack Lew.
US Companies Are Stashing $2.1 Trillion Overseas to Avoid Taxes
Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home.
Microsoft Corp., Apple Inc., Google Inc. and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations.
Nearly 7 Out of 10 Americans Will Use Their Tax Refund for the Same Thing
Take the poll below and tell us how you plan to use yours.
The majority of Americans will use their tax refunds to pay down debt in 2015, according to a survey conducted by the National Foundation for Credit Counseling.
Miss an issue of The AAA-CPA Weekly Update? Click here to visit The AAA-CPA Weekly Update archive page.
States Want to Cut Taxes Even More on Pensions
The siren song of retirement income free of state taxes continues to seduce politicians. No matter that there is little evidence that high taxes on pension income drive away seniors, or that few older people move from one state to another for any reason at all.
Foreign Tax Surprise Like Disney's Have SEC Seeking Sunlight
U.S. officials are concerned that the trillions of dollars companies park overseas are doing more than just helping them skirt taxes. They're worried the practice leaves investors in the dark.
Changing Legal Status Provides Extra Tax Challenges for Same-sex Couples
U.S. News & World Report
Both the U.S. Department of the Treasury and the Internal Revenue Service have recognized all legal same-sex marriages for tax purposes since 2013, but at the state level, the situation continues to evolve. More than a dozen states made same-sex marriage legal in 2014 alone. Same-sex couples married in those states last year, or those who changed their status from a domestic partnership, now have new filing challenges.
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