07.28.10

Tax Staff Training Advanced – Reno, NV (July 28, 29 2010)

Posted in Nevada Society of CPAs at 7:14 am by Ed Zollars, CPA

Below are links to items discussed in the Tax Staff Training Advanced session held in Reno, Nevada on July 28 and 29, 2010:

• Circular 230 – Treasury standards governing practice before the IRS
• Statements on Standards for Tax Services – AICPA standards, recently revised
• Listed Transactions – IRS web page containing list of items considered listed transactions
• IRS Form 1120-UTP – Draft version of uncertain tax position reporting form
• Internal Revenue Manual
• United States Tax Court – Today’s Opinions (posted at 3:30 pm Eastern time daily).  Historical opinion search page
• IRS open “public directory” – contains many IRS documents, but in a rather cryptic interface.  Information in the directories include private letter rulings and the like, IRS Revenue Rulings, Revenue Procedures, etc., and draft forms.
• TIGTA 2010 Report on Problems With IRS Lien Processing – 28% failure to notify representative of lien filings.
• Partnership Audit Technique Guide
• Arizona Society CPAs Blog
• Tax Talk – discussion group

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07.26.10

Tax Practice Ethics and Quality Control: The New Imperative (July 26, 2010)

Posted in Arizona Society CPAs at 1:00 am by Ed Zollars, CPA

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07.19.10

Financial, Estate and Tax Planning for Individuals Over 55 (July 19, 2010)

Posted in Nevada Society of CPAs at 1:00 am by Ed Zollars, CPA

Materials and links referenced in November 12, 2009 presentation in Las Vegas, Nevada

• Immediate Annuities – resource for getting the price of giving retiree an assured (or at least as assured as insurance can be) lifetime income stream.  Good for a “reality check” for retirement planning.
• AARP Reverse Mortgage resource page – resource page provided by AARP for retirees thinking about a reverse mortgage
• Analyze Now website – retirement issue site by Henry Heeled
• Social Security Administration Early or Late Retirement Calculator
• Social Security My Statement Page – page for information on annual statements and to request a statement
• Social Security Benefits Estimator – allows us to do “what if” simulations on social security benefits
• IRS Notice 2009-82 – Relief for individuals that received required distributions from plans in 2009
• IRS Life Expectancy Tables – the Appendix of Publication 590, containing the life expectancy tables for IRA and plan distributions
• Life and Death Planning for Retirement Benefits – link for purchase of Natalie Choate’s volume that is considered the key work on use of trusts for distributions from retirement plans.
• Medicare Premiums 2010 – revised 2010 limits and deductibles
• Part B Premiums Based on Income – 2010 premiums tied to 2008 adjusted gross income
• Medicare & You Handbook – produced by Center for Medicare Services to explain Medicare
• Physician Directory – Medicare provided physician directory, including information on participation
• Medicare Part D Information – Medicare page for Part D information
• Chosing a Medigap Policy – Publication of Medicare on standard Medigap policies

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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07.16.10

Passthrough Entities – Advanced Issues (July 16, 2010)

Posted in Arizona Society CPAs, tax at 6:07 am by Ed Zollars, CPA

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06.04.10

Construction Contractors: Special Accounting & Tax Considerations – June 4, 2010

Posted in Arizona Society CPAs, tax at 1:00 am by Ed Zollars, CPA

The following items were referenced in the Construction Contracting:  Special Accounting & Tax Considerations course given in Phoenix, Arizona on June 4, 2010:

• ASCPA Federal Tax Update Podcasts – along with instructions on subscribing to the podcast in iTunes
• Phoenix Tax Workshop
• Slides for Presentation – Keynote slides from presentation
• FASB Going Concern Project Status Page – discusses status of FASB’s continuing going concern project
• SSARS 19 Summary
• IRS Construction Industry Audit Technique Guide
• Koch Industries v. United States, CA10 No. 08-3347 – road construction contractor could not include contracted expected maintenance as part of job for percentage of completion purposes

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05.15.10

The New Statements on Standards for Tax Services (May 15, 2010)

Posted in Arizona Society CPAs, Phoenix Tax Workshop at 8:01 am by Ed Zollars, CPA

Presented at the Phoenix Tax Workshop (now part of the Arizona Society of CPAs) on May 15, 2010.

• Presentation Materials
• Revised SSTS Standards
• IRS Circular 230

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01.24.10

Partnership Taxation – January 24, 2010

Posted in California at 1:00 am by Ed Zollars, CPA

The following items were discussed in the Partnership Taxation Advanced Issues course presented January 24, 2010:

• Partnership – Audit Technique Guide – IRS guide last revised in August 2008
• Worker, Homeowner and Business Assistance Act of 2009 – new law
• FTB Position on TIC and Revenue Proc 2002-22 – FTB considers qualification under Revenue Procedure 2002-22 a minimum, but not necessarily in its self-sufficient, to qualify as an exchange of other than a partnership interest.
• Norwood v. Commissioner, TC Memo 2000-84
• Garnett v. Commissioner, 132 TC No. 19, LLC members aren’t automatically passive (LLC member not the same as limited partner)
• Revised Procedure for Late Entity Selection – revised manual pages on new late election Revenue Procedure effective September 28, 2009.
• Article on Partnerships and §6501(e) Six Year Statute – article I wrote for the Arizona Society of CPAs blog site.
• IRS FAQ on Unified Partnership Audits – Chief Counsel Notice issued August 21, 2009
• Suzanne J. Pierre v. Commissioner– Check the box does not apply to single member LLC for gift tax valuation
• Malkin v. Commissioner – Taxpayer blows transfer tax planning due to both implied retained life estate and indirect gift on formation problems, among others.
• Presentation Slides – PDF format file
• My Twitter Feed – my Twitter name is edzollars

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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01.19.10

Arizona Income Taxes – January 19, 2010

Posted in Arizona Society CPAs at 1:00 am by Ed Zollars, CPA

Below are links mentioned in the Arizona Income Taxation course for the Arizona Society of CPAs conducted on January 19, 2010 in Tucson:

• Arizona Revised Statutes Title 42 – General Taxation Provisions of Arizona Law
• Arizona Revised Statutes Title 43 – Arizona Income Tax Provisions in Arizona Law
• Arizona Department of Revenue Rulings
• Arizona Department of Revenue Procedures
• Arizona Department of Revenue Decisions
• Arizona Department of Revenue NOL Guidance – Department of Revenue’s guidance on ARRA 2009 Net Operating Losses
• Arizona Board of Tax Appeals Opinions
• Arizona Tax Court Cases - Decisions of the Arizona Tax Court (a court in Maricopa County where tax cases for the state are heard)
• Arizona Court of Appeals Tax Cases – From Division One, where tax cases are heard
• Federal Tax Update Podcast – ASCPA weekly update on federal tax developments, presented by E. Lynn Nichols, CPA and Edward K. Zollars, CPA

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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Arizona Ethics – January 19, 2010

Posted in Arizona Society CPAs at 1:00 am by Ed Zollars, CPA

Some resources related to the Arizona Ethics course given on January 19, 2010 in Tucson.

• AICPA New SSTS Standards – effective January 1, 2010
• AICPA Code of Conduct – current version of AICPA standards
• AICPA Professional Ethics Committee Exposure Draft Site (to contain new exposure draft sometime in August).
• Authoritative Support Presentation audio presentation and article from my podcast site that was posted in August 2008.

The above are items will give you some additional information on items discussed in the course.

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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01.16.10

Arizona Income Tax Update – January 16, 2010

Posted in Phoenix Tax Workshop at 1:00 am by Ed Zollars, CPA

Below are links mentioned in the Arizona Income Tax Update session presented at the Phoenix Tax Workshop meeting on January 16, 2010 in Phoenix:

• Arizona Tax Guides – available for purchase via Lulu.com as a printed set that includes the Income Tax Guide, Sales Tax Guide and Business Personal Property Tax Guide
• Arizona Revised Statutes Title 42 – General Taxation Provisions of Arizona Law
• Arizona Revised Statutes Title 43 – Arizona Income Tax Provisions in Arizona Law
• Arizona Department of Revenue Rulings
• Arizona Department of Revenue Procedures
• Arizona Department of Revenue Decisions
• Arizona Department of Revenue NOL Guidance – Department of Revenue’s guidance on ARRA 2009 Net Operating Losses
• Arizona Board of Tax Appeals Opinions
• Arizona Tax Court Cases - Decisions of the Arizona Tax Court (a court in Maricopa County where tax cases for the state are heard)
• Arizona Court of Appeals Tax Cases – From Division One, where tax cases are heard

Below is a Google Voice connect box. You can click on the button, provide your phone number, and Google will connect us toll free by calling you back and then, when you answer, calling me. The call is forwarded to me wherever I might be at the time. If I’m not available, you can leave a voice mail.

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