California CPA July 2006

California's Leader
Growing membership and reaching out to young CPAs are among CalCPA Chair Marc Parkinson's goals for the coming year.
Jerry Ascierto

Creating a Blockbuster
Good movies sell out, and CalCPA's seating capacity is limitless. CalCPA Chair Marc Parkinson says by delivering what CPAs want, CalCPA is becoming a must-see.
Marc Parkinson, CPA/PFS

Money Found
Cost segregation studies, one of the IRS' cash-flow secrets, can help CPAs unlock "hidden treasures" and realize significant tax savings for their clients.
Angie Grainger, CPA

Public Defender
CalCPA recently sat down with former Assistant U.S. Attorney Jeffrey Bornstein to get his perspective on prosecuting fraud, the effects of SOX and options backdating.
Jerry Ascierto

In the Zone
Though often overlooked, location-based incentive credits such as those offered by California's Enterprise Zone programs, offer businesses substantial tax credits and deductions.
Gina Ballard, CPA and Blake Christian, CPA

Lifelong Leadership
The California CPA Education Foundation–celebrating its 40th anniversary–continues to deliver quality CPE while keeping up with the profession's changing needs.
John V. Dunleavy

Sec. 104: What's Excludable?
IRC Sec. 104, which concerns damages for personal physical injuries or sickness, continues to frustrate practitioners in search of clarity and guidance.
Robert W. Wood, Esq.

Government Relations: Capitol's Newest CPA
CalCPA member and San Francisco City Supervisor Fiona Ma has been elected to the California Assembly. Plus: client confidentiality interpretations, business valuation standards exposure draft.
Bruce C. Allen

California Tax: TaxTalk Highlights
Getting taxpayer permission before accessing information; Hawaiian income tax withheld on a real estate sale; Q&As from the Employment Development Department, and more.
Len Williams, CPA

News/Trends
Our news digest, filled with updates from the IRS, SEC and more.