Ed Zollars, CPA CPE Materials

Partnership Taxation – January 24, 2010

Ed Zollars, CPA — Sun, 24 Jan 2010 08:00:17 +0000

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.

Arizona Income Taxes – January 19, 2010

Ed Zollars, CPA — Tue, 19 Jan 2010 08:00:42 +0000

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

Arizona Ethics – January 19, 2010

Ed Zollars, CPA — Tue, 19 Jan 2010 08:00:03 +0000

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.

Arizona Income Tax Update – January 16, 2010

Ed Zollars, CPA — Sat, 16 Jan 2010 08:00:16 +0000

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

Arizona Ethics – January 6, 2010

Ed Zollars, CPA — Wed, 06 Jan 2010 13:09:07 +0000

Some resources related to the Arizona Ethics course given on January 6, 2010 in Phoenix.

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.

Arizona Income Taxes – January 6, 2010

Ed Zollars, CPA — Wed, 06 Jan 2010 13:07:12 +0000

Below are links mentioned in the Arizona Income Taxation course for the Arizona Society of CPAs conducted on January 6, 2010 in Phoenix:

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

Partnership Taxation – Advanced Issues (December 18, 2009, Pendleton, Oregon)

Ed Zollars, CPA — Fri, 18 Dec 2009 08:00:39 +0000

The following items were discussed in the Partnership Taxation Advanced Issues course presented for the Iowa Society of CPAs in Pendleton, Oregon on December 18:

Late Year Summary of Developments – Information on developments related to partnerships from the latter portion of 2009
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

Current Federal Tax Developments – Pendleton, OR (December 17, 2009)

Ed Zollars, CPA — Thu, 17 Dec 2009 08:00:58 +0000

The following links were discussed in the Current Federal Tax Developments Course on December 17, 2009 in Pendleton, Oregon:

December Updates – New developments that took place after the manual was printed.
2010 Inflation Adjusted Figures – or perhaps, more appropriately, nonadjusted for most things since there was a drop in the index from 9/30/08 to 9/30/09
Infant Formula Not Deductible Medical Expense – Recent IRS PLR for mother with double mastecomy that asked for deduction for infant formula for her new child
New Reg. §1.152-4 effective for 2009. Effectively forces the use of Form 8332 to release exemption and makes clear noncustodial parent cannot use the divorce decree
Arizona Society of CPAs Blog Post on Menard case – An analysis of the Seventh Circuit’s ruling in the Menard case I wrote when the case came down back in March.
Arizona Society of CPAs Blog Post on Madoff Rulings – Another blog post I wrote up describing the Madoff rulings.
Hegarty v. Commissioner, TC Summary 2009-153, latest IRS loss on LLC as limited partner for §469 purposes.
IRS Section 183 Audit Technique Guide – guide for IRS agents to use in examining activities potentially not engaged in for profit
IRS Listed Transactions - The official and updated IRS list of listed transactions that are subject to reporting.
INFO 2009-0087 - The IRS explains the first time homebuyer credit marriage penalty
Construction Industry Audit Guide – IRS guide updated May 2009
List of Audit Technique Guides – List on IRS website of currently published Audit Technique Guides
FIN 48 Final Guidance for Public Companies - Accounting Standards Update 2009-06
Qualified Plan Limitations for 2010 – IRS News Release

Tax Research Systems and Methods – December 15, 2009 (Boise, ID)

Ed Zollars, CPA — Tue, 15 Dec 2009 08:00:34 +0000

The items below are links to items discussed in the December 15 course held in Boise, Idaho:

IRS Directory for Revenue Ruling, Procedures, etc… – The IRS “drop” directory where the IRS publishes rulings since late 1998.
IRS Letter Ruling, CCA, etc. – Directory of “semi-official” IRS releases
Google Scholar – has option to search all court cases published on the web
US Tax Court Opinion Search – Search opinions back to 1999
US Tax Court Today’s Opinions – Opinions posted here daily at 3:30 pm Eastern time. The next day they move to the historic search area.

IRS Practice and Procedure – December 14 (Boise, ID)

Ed Zollars, CPA — Mon, 14 Dec 2009 08:00:55 +0000

The following are items mentioned in the December 14 course on IRS Practice and Procedure given in Boise, Idaho:

Internal Revenue Manual – Current version of the IRM
Circular 230 – Current version of Circular 230
Listed and Abusive Transactions – IRS list of such transactions
Course slides – slides from course