Ed Zollars, CPA CPE Materials » California Education Foundation

Preparing Advanced 1040s (October 23, 2009)

Ed Zollars, CPA — Fri, 23 Oct 2009 08:00:27 +0000

The following are links to items mentioned in the Preparing Advanced 1040s course given in Riverside on October 23:

IRS’s New View on Acquisition Debt – Article describing CCA 200940030 where the IRS decided you could deduct interest on $100,000 of acquisition debt in excess of $1,000,000 as home equity debt.
IRS AMT Assistant – IRS page to help determine if taxpayer may be subject to AMT.
Bogus v. Commissioner – Tax Court decision this week that pointed out taxpayer should have kept records to support passive activity
Levels of Authority – article detailing the various authority levels under the regulations
Census Bureau NAICS website – referenced in chapter on like kind exchanges.
FTB Position on TIC and Revenue Proc 2002-22 – FTB considers qualification under Revenue Procedure 2002-22 a minimum, but not necessarily standing alone sufficient, to qualify as an exchange of other than a partnership interest under §1031.
Garnett v. Commissioner, 132 TC No. 19, IRS loses on argument that LLC is by definition a limited partnership for §469 purposes
Hegarty v. Commissioner, TC Summary 2009-153, IRS loses the LLC argument again, this time with taxpayers representing themselves
California Society TaxTalk group on Yahoo
My Twitter Feed – my name on Twitter 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 whereever I might be at the time. If I’m not available, you can leave a voice mail.

Construction Contractors (October 22, 2009)

Ed Zollars, CPA — Thu, 22 Oct 2009 08:00:03 +0000

The following are links to items mentioned in the construction contracting course given for the Education Foundation on October 22, 2009 in Costa Mesa:

FASB Codification – registration required (free)
FASB Going Concern Project – updated information is posted here
AICPA Construction Contractors Audit and Accounting Guide – AICPA purchase link
IRS Construction Industry Audit Guide – Revised May 2009
California Society TaxTalk group on Yahoo
Presentation Slides – in PDF format
My Twitter Feed – my name on Twitter is edzollars

Google Voice

Ed Zollars, CPA — Fri, 16 Oct 2009 14:02:31 +0000

I now have a Google voice number and will be testing out putting a “call me” widget on my posts here. For those of you who have come to earlier courses, I’m posting the widget here so that if you wish, you can try calling me on using the link. Note that it does not use your computer to place the call, but rather calls your phone and then connects the call.

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.

Partnership Taxation Advanced Issues – September 21, 24-25, 2009

Ed Zollars, CPA — Mon, 21 Sep 2009 11:00:28 +0000

The following items were discussed in the Partnership Taxation Advanced Issues course presented for the Education Foundation on September 21 (Santa Clara), 24 (Ventura) and 25 (Los Angeles):

Partnership – Audit Technique Guide – IRS guide last revised in August 2008
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.
TaxTalk Discussion Group – California Society sponsored
Presentation Slides – PDF format file
My Twitter Feed – my Twitter name is edzollars
IRS Release on Extension of Offshore Program – the breaking news of the morning of the Santa Clara course

Partnership Taxation Advanced Issues – September 1, 2009

Ed Zollars, CPA — Tue, 01 Sep 2009 02:00:56 +0000

The following items were discussed in the Partnership Taxation Advanced Issues course presented for the Education Foundation on September 1

Partnership – Audit Technique Guide – IRS guide last revised in August 2008
Norwood v. Commissioner, TC Memo 2000-84
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
TaxTalk Discussion Group – California Society sponsored
Presentation Slides – PDF format file
My Twitter Feed – my Twitter name is edzollars

Future presentations of this course offered by the Education Foundation:
Santa Clara – September 21
Ventura – September 24
Los Angeles (LAX area) – September 25

Construction Contractors – (August 31 and September 2)

Ed Zollars, CPA — Mon, 31 Aug 2009 02:00:20 +0000

The following are links to items mentioned in the construction contracting course given for the Education Foundation on August 31 and September 2:

FASB Codification – registration required (free)
FASB Going Concern Project – updated information is posted here
AICPA Construction Contractors Audit and Accounting Guide – AICPA purchase link
IRS Construction Industry Audit Guide – Revised May 2009
California Society TaxTalk group on Yahoo
Presentation Slides – in PDF format
My Twitter Feed – my name on Twitter is edzollars

Future presentations of this course offered by the Education Foundation:

October 22

– Costa Mesa