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August 12, 2010 — In This Newsletter:

      Unexpected Pitfalls in Using LLCs
by Jeffrey Glickman, JD and L. Andrew Immerman, JD
How state tax treatment can complicate tariff consequences of M&As and business restructurings involving LLCs operating in multiple states.
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    Do You Remember?
by Annette Nellen, CPA, Esq.
In 2011, many rules of our federal tax system revert back to their 2001 version. Do you remember what those old rules were?
    Repeal of the Estate Tax, But Carryover Basis for 2010
by Thomas Wechter, JD, LLM

The temporary repeal of the estate tax for 2010 brings with it the modified carryover of basis of property received by beneficiary from a 2010 decedent.

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Advanced Tax Strategies for LLC and Partnership Transactions.
Partnership Tax Update …
Disproportionate Distributions …
Death or Retirement of a Partner …
Troubled Debt Transactions … and more.
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Three Things to Do Now to Prepare for New IRS Regulations
Sponsored by 2nd Story Software®, the Makers of TaxACT
New IRS regulations for paid tax return preparers don’t go into effect until January 1, 2011, but some requirements require your attention now before September 1, 2010.


Congress Votes to Limit Use of Foreign Tax Credits


IRS Will Stop Providing Debt Indicators; Exploring Ways for Taxpayers to Use Refunds to Pay Preparers


IRS Changes Name of LMSB Division, Expands Focus

35th Annual National Tax Conference Forum
October 25-26, 2010 JW Marriott Hotel, Washington, DC

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New in the CPA2Biz Store

2010 Health Care Reform Act: Critical Tax and Insurance Ramifications for You, Your Business and Your Clients
The nearly $1 trillion, 10-year cost of the Patient Protection and Affordable Care and Reconciliation Acts of 2010 will change the way health insurance is delivered and how we will pay for it. Be informed of these changes and get tips for strategies to best deal with them. Earn six CPE credits.

Financial Reporting Fraud: A Practical Guide to Detection and Internal Control — 2nd edition
Discusses the role of senior management and the CPA in the prevention of financial reporting fraud, plus the seven most common occurrences of financial reporting fraud, based on COSO’s research.

Adviser's Guide to Retirement Plans for Small Businesses
Designed to provide you with the tools you need to offer strategic advice on retirement plans. Covers statutory requirements and the legal structure of various plan types, as well as providing detailed information on plan design, establishment, monitoring, administration, correction of failures, and termination.

The Adviser's Guide to Health Savings Accounts New Edition
In convenient download format, this comprehensive, well-organized guide provides in-depth coverage of the final 2009 regulations on employer comparable contributions, the exceptions for nonhighly compensated employees, the guidance relating to the manner and method or reporting and paying excise tax, as well as examining and explaining many other topics.

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What’s Going on With Estate Taxes?
AICPA Vice President of Taxation, Ed Karl, CPA, divulges all
What’s Going on With Estate Taxes?
AICPA Vice President of Taxation, Ed Karl, CPA, divulges all.
  Best Sellers

Investment Companies — AICPA Audit and Accounting Guide

Annual Update for Accountants and Auditors (2010 – 2011 Edition)
Accounting Trends Techniques
Codification of Statements on Auditing Standards
  Sponsored Links
Missed the latest headlines from AICPA Wealth Management Insider?
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  AICPA Tax Section

Essentials of Federal Payroll Taxes Benefits and New Hire Reporting

Advanced Tax Issues for Federal Payroll Taxes, Benefits and Form 1099s

Taxation Essentials of LLCs, LLPs, LPs and Other Partnerships

International Taxation: To and From the United States

  Career Resources
  AICPA Conferences
AICPA National Tax Conference
10/25 – 10/26, Washington, DC
National Real Estate Conference
11/11 – 11/12
, Las Vegas, NV
AICPA & PDI National Oil & Gas Conference
11/15 – 11/16
, Denver, CO
See Full Conferences Calendar
  AICPA Webcasts
8/17 - Family Law: The Divorce Process
8/18 - Doing Business in China
9/14 - Forensic Technology: Options & Methodologies
See Full Web Events Calendar
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