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	<title>Arizona Society of CPAs Blog</title>
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		<title>Arizona Society of CPAs Blog</title>
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		<item>
		<title>Expand Your Choices Without Going into Overload</title>
		<link>http://ascpa.wordpress.com/2013/05/21/expand-your-choices-without-going-into-overload/</link>
		<comments>http://ascpa.wordpress.com/2013/05/21/expand-your-choices-without-going-into-overload/#comments</comments>
		<pubDate>Wed, 22 May 2013 05:52:16 +0000</pubDate>
		<dc:creator>Heidi Frei</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2822</guid>
		<description><![CDATA[You have probably walked into a store and stared at a shelf of what seems like hundreds of products that do the same thing and felt paralyzed trying to make a decision. While the choices in a store may be overwhelming, in the business world we may not be giving ourselves enough choices. Multitracking or &#8220;considering [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2822&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">heidifrei</media:title>
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	</item>
		<item>
		<title>Surrender Charges Are Not to Be Automatically Disregarded in Determination of Value of Life Insurance Policies Distributed from Plan</title>
		<link>http://ascpa.wordpress.com/2013/04/26/surrender-charges-are-not-to-be-automatically-disregarded-in-determination-of-value-of-life-insurance-policies-distributed-from-plan/</link>
		<comments>http://ascpa.wordpress.com/2013/04/26/surrender-charges-are-not-to-be-automatically-disregarded-in-determination-of-value-of-life-insurance-policies-distributed-from-plan/#comments</comments>
		<pubDate>Fri, 26 Apr 2013 17:54:07 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Tax]]></category>
		<category><![CDATA[employee benefit]]></category>
		<category><![CDATA[life insurance]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2820</guid>
		<description><![CDATA[In the case of Schwab v. Commissioner, (http://cdn.ca9.uscourts.gov/datastore/opinions/2013/04/24/11-71957.pdf) 2013-1 U.S.T.C. ¶50,294, CA9, affirming 136 T.C. 120, the Ninth Circuit Court of Appeals affirmed the Tax Court’s holding rejecting the IRS’s view that surrender charges must be ignored in determining the value of a life Michael Schwab and Kathryn Kleinman, a married couple, were the sole [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2820&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/04/26/surrender-charges-are-not-to-be-automatically-disregarded-in-determination-of-value-of-life-insurance-policies-distributed-from-plan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ed Zollars, CPA</media:title>
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		<item>
		<title>IRS clarifies S. 1446 withholding rate on ECI for Form 8804</title>
		<link>http://ascpa.wordpress.com/2013/04/26/irs-clarifies-s-1446-withholding-rate-on-eci-for-form-8804/</link>
		<comments>http://ascpa.wordpress.com/2013/04/26/irs-clarifies-s-1446-withholding-rate-on-eci-for-form-8804/#comments</comments>
		<pubDate>Fri, 26 Apr 2013 16:47:35 +0000</pubDate>
		<dc:creator>cpaglobaltax</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/2013/04/26/irs-clarifies-s-1446-withholding-rate-on-eci-for-form-8804/</guid>
		<description><![CDATA[IRS recently clarified the withholding rate for the effectively connected income (ECI) allocated to foreign partners. As readers may be aware. IRC 1446 withholding rate was increased from 35% to 39.6% effective 2013. However, there was a confusion if the new rate on ECI would apply if teh partnership&#8217;s tax year was a fiscal year [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2818&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/04/26/irs-clarifies-s-1446-withholding-rate-on-eci-for-form-8804/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">cpaglobaltax</media:title>
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		<item>
		<title>Court Revises Taxpayer&#8217;s Values, Finds a Portion of Debt Forgiveness Excludable Under Insolvency Exemption</title>
		<link>http://ascpa.wordpress.com/2013/04/24/court-revises-taxpayers-values-finds-a-portion-of-debt-forgiveness-excludable-under-insolvency-exemption/</link>
		<comments>http://ascpa.wordpress.com/2013/04/24/court-revises-taxpayers-values-finds-a-portion-of-debt-forgiveness-excludable-under-insolvency-exemption/#comments</comments>
		<pubDate>Wed, 24 Apr 2013 17:44:21 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Tax]]></category>
		<category><![CDATA[Cancellation of debt]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2815</guid>
		<description><![CDATA[In the case of McAllister v. Commissioner, TC Memo 2013-96 (http://www.ustaxcourt.gov/InOpHistoric/mcallistermemo.TCM.WPD.pdf), the Tax Court had to decide first if there was debt forgiveness and, if there was, was some or all of the cancellation of debt income excludable from income. Interestingly enough, both the IRS and the taxpayer argued there was no debt forgiveness in [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2815&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/04/24/court-revises-taxpayers-values-finds-a-portion-of-debt-forgiveness-excludable-under-insolvency-exemption/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ed Zollars, CPA</media:title>
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		<item>
		<title>How Can You Increase Your Odds When Making Decisions?</title>
		<link>http://ascpa.wordpress.com/2013/04/16/how-can-you-increase-your-odds-when-making-decisions/</link>
		<comments>http://ascpa.wordpress.com/2013/04/16/how-can-you-increase-your-odds-when-making-decisions/#comments</comments>
		<pubDate>Tue, 16 Apr 2013 16:58:59 +0000</pubDate>
		<dc:creator>Heidi Frei</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[decision making]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2813</guid>
		<description><![CDATA[If you have a “yes or no” or a “whether or not” question, you have a 50-50 chance of being right. Would you like to increase these odds? Did you know that adding more choices will increase your odds of success in decision making? According to research by Paul Nutt referenced in the book “Decisive: [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2813&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/04/16/how-can-you-increase-your-odds-when-making-decisions/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">heidifrei</media:title>
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		<item>
		<title>Tax Court Rules Against Its Prior Precedent, Holds Conceding Adjustment on Alternative Grounds Does Not Insulate Taxpayer from 40% Valuation Misstatement Penalty</title>
		<link>http://ascpa.wordpress.com/2013/03/15/tax-court-rules-against-its-prior-precedent-holds-conceding-adjustment-on-alternative-grounds-does-not-insulate-taxpayer-from-40-valuation-misstatement-penalty/</link>
		<comments>http://ascpa.wordpress.com/2013/03/15/tax-court-rules-against-its-prior-precedent-holds-conceding-adjustment-on-alternative-grounds-does-not-insulate-taxpayer-from-40-valuation-misstatement-penalty/#comments</comments>
		<pubDate>Fri, 15 Mar 2013 14:44:04 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Tax]]></category>
		<category><![CDATA[penalties]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2809</guid>
		<description><![CDATA[In the case of AHG Investments, LLC v. Commissioner, 140 TC No. 7, (http://www.ustaxcourt.gov/InOpHistoric/AHGDiv.TC.WPD.pdf) the Tax Court decided to depart from a prior holding in the case of Todd v. Commissioner, 89 TC 912 (1987) affd, 862 F.2d 540 (5th Cir. 1988).  In that case the court had held that if a taxpayer conceded an [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2809&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/03/15/tax-court-rules-against-its-prior-precedent-holds-conceding-adjustment-on-alternative-grounds-does-not-insulate-taxpayer-from-40-valuation-misstatement-penalty/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/20e8706f2a4607ac893bb1a907342a60?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Ed Zollars, CPA</media:title>
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		<item>
		<title>Payments Made to Providers for Meaningful Use of Electronic Health Records are Taxable Income, Not Return of Capital</title>
		<link>http://ascpa.wordpress.com/2013/02/18/payments-made-to-providers-for-meaningful-use-of-electronic-health-records-are-taxable-income-not-return-of-capital/</link>
		<comments>http://ascpa.wordpress.com/2013/02/18/payments-made-to-providers-for-meaningful-use-of-electronic-health-records-are-taxable-income-not-return-of-capital/#comments</comments>
		<pubDate>Mon, 18 Feb 2013 14:33:59 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Tax]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[Reimbursement]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2805</guid>
		<description><![CDATA[A government agency may provide incentives payments to businesses that take certain actions.  Such programs raise income tax and information reporting questions that can be more complex than they appear at first. In Chief Counsel Advice 20121307005 (http://www.irs.gov/pub/irs-wd/1307005.pdf) the IRS looks at such a program sponsored by the Centers for Medicare and Medicaid Services (CMS).  [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2805&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/02/18/payments-made-to-providers-for-meaningful-use-of-electronic-health-records-are-taxable-income-not-return-of-capital/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/20e8706f2a4607ac893bb1a907342a60?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Ed Zollars, CPA</media:title>
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	</item>
		<item>
		<title>Although Court Found It Doubtful That Appraisal Substantially Complied With Requirements, Contribution Allowed Due to Reliance on CPAs Advice that Appraisal Was Sufficient</title>
		<link>http://ascpa.wordpress.com/2013/02/15/although-court-found-it-doubtful-that-required-appraisal-substantially-complied-with-requirements-contribution-allowed-due-to-reliance-on-cpas-advice-that-appraisal-was-sufficient/</link>
		<comments>http://ascpa.wordpress.com/2013/02/15/although-court-found-it-doubtful-that-required-appraisal-substantially-complied-with-requirements-contribution-allowed-due-to-reliance-on-cpas-advice-that-appraisal-was-sufficient/#comments</comments>
		<pubDate>Fri, 15 Feb 2013 16:11:43 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Tax]]></category>
		<category><![CDATA[Charitable Documentation]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2798</guid>
		<description><![CDATA[Mistakes happen and sometimes clients are given erroneous advice on a matter.  In the matter of Crimi, et al. v. Commissioner, TC Memo 2013-51 (http://www.ustaxcourt.gov/InOpHistoric/JohnC.TCM.WPD.pdf), the taxpayer had relied upon his long time CPA’s advice that the use of a four year old appraisal on a piece of land involved in a part-sale, part-charitable gift [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2798&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/02/15/although-court-found-it-doubtful-that-required-appraisal-substantially-complied-with-requirements-contribution-allowed-due-to-reliance-on-cpas-advice-that-appraisal-was-sufficient/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/20e8706f2a4607ac893bb1a907342a60?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Ed Zollars, CPA</media:title>
		</media:content>
	</item>
		<item>
		<title>Individual Intended to Develop Property in Question, Allowed Ordinary Loss on Expiration of Option</title>
		<link>http://ascpa.wordpress.com/2013/02/15/individual-intended-to-develop-property-in-question-allowed-ordinary-loss-on-expiration-of-option/</link>
		<comments>http://ascpa.wordpress.com/2013/02/15/individual-intended-to-develop-property-in-question-allowed-ordinary-loss-on-expiration-of-option/#comments</comments>
		<pubDate>Fri, 15 Feb 2013 15:26:12 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Tax]]></category>
		<category><![CDATA[developer]]></category>
		<category><![CDATA[option loss]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2794</guid>
		<description><![CDATA[The tax treatment of the expiration of an option is governed by IRC §1234(a)(1) which provides: Gain or loss attributable to the sale or exchange of, or loss attributable to failure to exercise, an option to buy or sell property shall be considered gain or loss from the sale or exchange of property which has [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2794&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/02/15/individual-intended-to-develop-property-in-question-allowed-ordinary-loss-on-expiration-of-option/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ed Zollars, CPA</media:title>
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		<item>
		<title>Buried Acrobat Standard/Professional Feature You Probably Should Learn About to Deliver Files to Your Client</title>
		<link>http://ascpa.wordpress.com/2013/02/09/buried-acrobat-standardprofessional-feature-you-probably-should-learn-about-to-deliver-files-to-your-client/</link>
		<comments>http://ascpa.wordpress.com/2013/02/09/buried-acrobat-standardprofessional-feature-you-probably-should-learn-about-to-deliver-files-to-your-client/#comments</comments>
		<pubDate>Sat, 09 Feb 2013 23:59:14 +0000</pubDate>
		<dc:creator>Ed Zollars, CPA</dc:creator>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[acrobat]]></category>
		<category><![CDATA[security]]></category>

		<guid isPermaLink="false">http://ascpa.wordpress.com/?p=2780</guid>
		<description><![CDATA[Many CPAs have Adobe Acrobat Standard or Professional installed on their computers, most often used as part of their paperless office workflow.  However, many may not be aware that in addition to its use for viewing and editing PDFs, a feature in Acrobat can help solve the problem of transferring files securely to clients.  That [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=ascpa.wordpress.com&#038;blog=2221528&#038;post=2780&#038;subd=ascpa&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://ascpa.wordpress.com/2013/02/09/buried-acrobat-standardprofessional-feature-you-probably-should-learn-about-to-deliver-files-to-your-client/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="http://2.gravatar.com/avatar/20e8706f2a4607ac893bb1a907342a60?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">Ed Zollars, CPA</media:title>
		</media:content>

		<media:content url="http://ascpa.files.wordpress.com/2013/02/securityenvelopeselection.png?w=174" medium="image">
			<media:title type="html">SecurityEnvelopeSelection</media:title>
		</media:content>

		<media:content url="http://ascpa.files.wordpress.com/2013/02/security2.png?w=300" medium="image">
			<media:title type="html">Security2</media:title>
		</media:content>

		<media:content url="http://ascpa.files.wordpress.com/2013/02/security3.png?w=300" medium="image">
			<media:title type="html">Security3</media:title>
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			<media:title type="html">Security4</media:title>
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			<media:title type="html">Security5</media:title>
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		<media:content url="http://ascpa.files.wordpress.com/2013/02/security6.png?w=300" medium="image">
			<media:title type="html">Security6</media:title>
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			<media:title type="html">Password</media:title>
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			<media:title type="html">CPAEnvelope</media:title>
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			<media:title type="html">ClientPassword</media:title>
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			<media:title type="html">SaveFile</media:title>
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