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New Tax Bill Is Focus of CCH Audio Conference
(RIVERWOODS, ILL., June 2, 2006) – The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA), signed into law by the President in May, 2006, has a retro date in its title but will affect taxpayers and tax practitioners this year and for years to come, according to CCH, a Wolters Kluwer business and a leading provider of tax information, software and services (CCHGroup.com). To orient professionals to the ins and outs of the new law, CCH is presenting a 100-minute audio seminar on TIPRA, featuring CCH’s Principal Tax Analyst Mark Luscombe, JD, CPA and Senior Federal Tax Analyst John W. Roth, JD, LLM on Wednesday, June 7, at 2 p.m. Eastern, 1 p.m. Central (CCHgroup.com/Audioconferences).
“TIPRA contains several ‘surprise’ provisions that open new planning opportunities but also present new planning problems,” said CCH Managing Editor Richard Jarvis. “This audio conference is an excellent way for practitioners to get up to speed on the new law and make sure their clients get the maximum benefit from it.”
Specifics of Changes, Planning Tips
In the presentation, Luscombe and Roth will lead participants through the specifics of the changes brought about by the new law, as well as give planning tips to allow individuals and businesses to take the maximum advantage of the opportunities presented by this new law. Key points include:
- The effect of increasing the age of the “kiddie” tax;
- The extension of AMT protection for 2006;
- The effects of the extension of the capital gains and qualified dividend rates;
- The new rules for Roth IRA rollovers;
- The extension of increased expensing election for small business;
- A limitation on W-2 wages that may adversely affect the amount of the domestic manufacturing deduction; and
- A confusing set of rules for corporate estimated tax payments.
In addition, the audio conference will discuss provisions targeted at specific groups of taxpayers: Americans living abroad, government contractors, song writers, lenders to qualified care facilities, managers of tax exempt entities in tax shelters, tax-exempt bond holders and veterans.
About the Speakers
Mark Luscombe, a CPA and attorney, is a key member of the CCH Tax Legislation team tracking and analyzing legislation before Congress. Luscombe is the current developments chair of the Partnership Committee, American Bar Association Tax Section, and regularly speaks on a wide range of tax topics. In addition, Luscombe co-authors a biweekly tax column for Accounting Today and authors a monthly column for TAXES, The Tax Magazine. Prior to joining CCH, he was in private practice with several Chicago-area law firms where he specialized in taxation.
John W. Roth JD, LLM, is a tax analyst specializing in the day-to-day application of tax law across a wide range of tax topics. He provides practical insight into how tax laws apply to individuals, corporations and special entities. Roth joined CCH from a national tax service where he was responsible for its premier tax preparation services and trained other CPAs for the company’s advanced services.
How the Audio Seminars Work
CCH’s live audio conferences require nothing more than a telephone connection. For the $249 per site fee, an unlimited number of listeners at a site can participate, get up to speed and in-the-know on these hot new topics.
Three hours of CPE credit are also available for each seminar for an additional $25 for each person wishing to receive a CPE certificate for participation in a conference.
Along with detailed handout materials, each site registering will receive the following special bonuses:
- A free issue of TAXES: The Tax Magazine;
- A copy of 1065 Express Answers; and
- A copy of 1120S Express Answers.
How to Register
To register online using a credit card go to https://www.krm.com/cch. To register by phone, call CCH Customer Service at 1-800-775-7654. Please have your credit card information ready. For more information, go to: CCHgroup.com/Audioconferences.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHgroup.com) is a leading provider of tax and accounting law information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a leading multinational publisher and information services company. The Company’s core markets are health, corporate services, financial services, tax, accounting, legal, regulation, and education. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, see www.wolterskluwer.com.
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