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AZ ASSOCIATION OF ACCOUNTING AND TAX PROFESSIONALS


AZ Association of Accounting and Tax Professiona

AAATP re-elects new President Jeremy Reed 

 WELCOME

The Arizona Association of Accounting and Tax Professionals (AAATP) is a nonprofit, voluntary, professional organization representing all Arizona accounting and tax professionals.

Whether you are just entering the accounting and tax profession or you are a highly experienced professional, we are here to meet your needs. We welcome all levels of experience to our association, even those currently without credentials, and we are committed to providing programs that advance the highest standards of ethics and practice within our profession while also working with legislators to help protect and maintain our right to practice in Arizona.

AAATP membership provides valuable opportunities for you as a professional. The real value of membership in AAATP is involvement. Involvement includes networking with others at local chapter meetings, attending education seminars, and possibly even volunteering within the association. These opportunities to get involved will allow you to form relationships with other accounting and tax professionals that will become the foundation for a long and successful affiliation with AAATP.

 Our association works to protect, enhance, guide and promote the accounting and tax profession on behalf of its members. If you aren't yet a member of AAATP then I invite you to click on the membership link and take a look at the member benefits.

I invite you to fill out an on-line membership application and join AAATP. Give us a chance to show you the true value of being a member of our association.

Jeremy Reed, ABA

President

 

New Payment Option Available to Taxpayers in Private Collection Debt Collection program

Taxpayers now can choose the convenient option of a preauthorized direct debit to make one payment or a series of payments toward their federal tax debt. With direct debit, the taxpayer will give their written permission to the private collection agency (PCA) to authorize a payment on the taxpayer’s behalf to the U.S. Department of the Treasury. This enables the taxpayer to conveniently and securely schedule multiple payments with the ease of a single phone call with their assigned PCA.  Read More.


IRS Releases Section 199-A Regulations

The IRS released the long awaited guidance for 199-A, Qualified Business Income (QBI).  This release contains proposed regulations concerning the 20% QBI deduction that impacts small businesses, individuals, partnerships, trusts and estates, and S-corps involved in domestic trades or businesses.  The text of this update can be found here.

Notice to Taxpayers Claiming Arizona School Tax Credit

For the purpose of claiming Arizona’s tax credit for contributions made or certain fees paid to a public school, the Arizona Department of Revenue now requires taxpayers report the school’s County Code, Type Code, and District Code & Site Number (CTDS) number on Form 322, which is included with the Arizona income tax return.

The CTDS is a nine (9) digit number that the Arizona Department of Education uses to identify Arizona public and charter schools.  Read More

IRS Notice 2018-64 Addresses Wage Calculation for 199-A

Notice 2018-64 proposes a revenue procedure that provides guidance on methods for calculating W-2 wages for purposes of section 199A of the Internal Revenue Code (Code) and proposed ยงยง 1.199A-1 through -6 of the Income Tax Regulations (26 CFR part 1) which are being published contemporaneously.   Specifically, this notice provides methods for calculating W-2 wages (1) for purposes of section 199A(b)(2) which, for certain taxpayers, provides a limitation, based on W-2 wages, to the amount of the deduction qualified business income under section 199A; and (2) for purposes of section 199A(b)(7), which, for certain specified agricultural and horticultural cooperative patrons, provides a reduction to the section 199A(a) deduction based on W-2 wages.

The notice will appear in IRB 2018-34 dated Aug. 27, 2018.


UPCOMING  SEMINARS



1040 In Depth Phoenix 

Delta Hotels Phoenix Mesa

200 North Centennial Way

Mesa, Arizona 85201

Phone:  480-898-8300

$109 single or double occupancy by 11/05/2019

December 5 & 6, 2019


1040 In Depth Tucson

Location TBA

January 6 & 7, 2020


1040 Boot Camp

January 13 and 14

DoubleTree by Hilton Phoenix Tempe

2100 S Priest Road

Tempe, AZ, 85282

Phone: 480-967-1441

For two or more people call Taxspeaker.com at 

1-877-466-1040


 

 

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AAATP is proud to be

the Arizona State Affiliate of:  

National Society of Accountants

 

AZ Association of Accounting and Tax Professionals is a 501(c)6 non-profit organization. 813 W Elliot Rd Ste 1 Chandler AZ 85225.

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