11.30.09

Tax Practice and Ethics – (November 30, 2009)

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

Some resources related to the Arizona Ethics course given on August 19, 2009 at the Doubletree in Phoenix for eCPAn:

• AICPA New SSTS Standards – effective January 1, 2010
• AICPA Code of Conduct – current version of AICPA standards
• The IRS July 15, 2009 Tax Talk Today audio program that discussed the Office of Professional Responsibility is available (apparently available through December 31, 2009, does require setting up free account with TaxTalkToday.tv).
• 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.

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11.23.09

Health Savings Accounts, Health Reimbursement Arrangements, and Flexible Spending Accounts (November 23, 2009)

Posted in Maryland Association of Certified Public Accountants at 1:00 am by Ed Zollars, CPA

Links discussed during the presentation given on November 23, 2009 in Columbia, Maryland

• Worker, Homeowner and Business Assistance Act of 2009 – write up of new tax laws
• 2009 COBRA Q&A from IRS – IRS’s questions and answers related to COBRA
• Department of Labor 2009 COBRA Page – DOL’s page on the ARRA issues for COBRA
• Case Law Search – Google’s new case law search option (be sure to check the button to select legal opinions).
• Presentation Slides – PDF version of Keynote slides

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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11.20.09

Estate and Gift Taxation: The Basics (November 20, 2009)

Posted in Iowa Society of Certified Public Accountants at 1:00 am by Ed Zollars, CPA

The following are links related to Estate and Gift Taxation:  The Basics presented in Des Moines for the Iowa Society of Certified Public Accountants on November 20:

• Worker, Homeowner and Business Assistance Act of 2009 – new law
• IRS Estate Tax Examinations - section of Internal Revenue Manual on Estate Tax Field Examinations
• IRS Campus Estate Tax Procedures – section of Internal Revenue Manual dealing with Estate Tax returns on campus
• 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 of Keynote slides

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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11.18.09

Partnership Taxation – Advanced Issues (November 18, 2009)

Posted in Iowa Society of Certified Public Accountants at 1:00 am by Ed Zollars, CPA

The following items were discussed in the Partnership Taxation Advanced Issues course presented for the Iowa Society of CPAs in Des Moines on November 18:

• 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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11.16.09

Arizona Entity Income Taxation Webinar (November 16, 2009)

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

Below are links mentioned in the Arizona Entity Income Taxation webinar for the Arizona Society of CPAs conducted on November 2, 2009:

• Arizona Revised Statutes Title 42 – General Taxation Provisions of Arizona Law
• Arizona Revised Statutes Title 43 – Arizona Income Tax Provisions in Arizona Law
• Federal Tax Update Podcast – ASCPA weekly update on federal tax developments, presented by E. Lynn Nichols, CPA and Edward K. Zollars, CPA
• Slides – Presentation slides from Keynote presentation

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11.13.09

C Corporation – Advanced, (November 13, 2009)

Posted in North Carolina Association of CPAs at 1:00 am by Ed Zollars, CPA

Resources for the C Corporation Advanced course in Morrisville, NC on November 13, 2009:

• IRS Form 5452 – includes worksheet for computation of earnings & profits
• Worker, Homeowner and Business Assistance Act of 2009 – explanation of law provisions from Arizona Society of CPAs blogpost I wrote
• Analysis of Menard Excess Compensation Opinion – analysis of the reversal of the Tax Court decision by the Seventh Circuit in the case of John Menard, CEO of Menard’s
• Federal Tax Update Podcasts – provided by the North Carolina Association of Certified Public Accountants on a weekly basis

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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11.12.09

Financial, Estate and Tax Planning for Individuals Over 55, (November 12, 2009)

Posted in North Carolina Association of CPAs at 1:00 am by Ed Zollars, CPA

Materials and links referenced in November 12, 2009 presentation in Morrisville, NC

• Worker, Homeowner & Business Assistance Act of 2009 – description of new tax bill and its provisions
• 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 2009 - updated list of 2009 premiums and deductibles
• Medicare Premiums 2010 – revised 2010 limits and deductibles
• Medicare & You Handbook – produced by Center for Medicare Services to explain Medicare
• Physician Directory – Medicare provided physician directory, including information on participation
• Part B Premiums – Income linked Part B Premiums for 2010, based on 2008 AGI
• Medicare Part D Information – Medicare page for Part D information
• Chosing a Medigap Policy – Publication of Medicare on standard Medigap policies
• NC Division of Medical Assistance
• Federal Tax Update Podcasts – provided by the North Carolina Association of Certified Public Accountants on a weekly basis

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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11.10.09

Partnership Taxation – Advanced Issues (November 10, 2009)

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

The following items were discussed in the Partnership Taxation Advanced Issues course presented for the Minnesota Society of CPAs:

• 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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11.09.09

Passthrough Entities – Advanced Issues (November 9, 2009)

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

The following items were discussed in the Passthrough Entities – Advanced presented for the Minnesota Society of CPAs:

• Presentation Slides – PDF of slides on topics in the manual
• Worker, Homeowner, and Business Assistance Act of 2009 – Description of provisions in this new law
• Partnership – Audit Technique Guide – IRS guide last revised in August 2008
• 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.

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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11.05.09

Fringe Benefits – (November 5, 2009)

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

Presentation on Fringe Benefits given November 5, 2009 in Memphis, Tennessee.

• IRS National Research Program – Payroll – Bloomberg article on IRS plan to examine 6,000 business returns for payroll issues.   Notices set to be sent out this month.
• Qualified Plan Limitations for 2010 – IRS News Release
• IRS Notice 2009-82 – Relief for individuals that received required distributions from plans in 2009
• Split Dollar Life Insurance Audit Technique Guide – from IRS website
• Stock Based Compensation Audit Technique Guide – from IRS website
• Tax Provisions in Unemployment Extension – my writeup on the Arizona Society of CPA’s blog on provisions in proposed bill now moving through Congress
• Worker, Homeownership and Business Assistance Act of 2009 – text of bill as passed out of the Senate Finance Committee
• Presentation Slides – PDFs of today’s presentation slides

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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