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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09.21.09

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

Posted in California Education Foundation, tax at 4:00 am by Ed Zollars, CPA

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

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08.31.09

Partnership Taxation Advanced Issues – September 1, 2009

Posted in California Education Foundation, tax at 7:00 pm by Ed Zollars, CPA

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

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08.30.09

Construction Contractors – (August 31 and September 2)

Posted in California Education Foundation, tax at 7:00 pm by Ed Zollars, CPA

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

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08.20.09

Debt and Taxation Issues – Southern Chapter, ASCPA (August 20, 2009)

Posted in Arizona Society CPAs, tax at 6:55 am by Ed Zollars, CPA

Below are materials referenced at the Southern Chapter meeting of the Arizona Society of CPAs presentation on Debt Issues and Taxation on August 20, 2009.

• Presentation Slides (from OSX Keynote presentation).
• IRS Publication 4681
• IRS Guidance on Election to Defer COD Income Recognition under §108(i) – Revenue Procedure 2009-37
• Arizona Society blog post on Section 108(i) guidance

The presentation was at the Sheraton Hotel on Grant in Tucson.

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08.17.09

Nondeductible Expense Allocation Post

Posted in Arizona Society CPAs, tax at 9:04 am by Ed Zollars, CPA

Over on the Arizona Society of CPA’s blog I’ve got a post dealing with an email that discussed how to apply §265. The post, located here, links out to the actual CCA email on the IRS website.

I post my tax updates over on that site, and there other active posters posting regularly as well on other topics. You might want to check it out (or at least subscribe to its RSS feed).

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