E-Sources, broadcast the second and fourth Friday of each month, provides timely information about issues affecting the accounting profession, educational opportunities, and special events.

In this issue:
1. The Georgia Society of CPAs is Seeking Proposals From Qualified Firms For Audit & Tax Services
2. Tax Info
3. GSCPA Guide to Accounting Firms in Georgia – Call for Submissions
4. Web Site Tip – See Your Conference Sessions
5. AICPA Clusters – Register Now
6. Section Events
7. CPE News

THE GEORGIA SOCIETY OF CPAS IS SEEKING PROPOSALS FROM QUALIFIED FIRMS FOR AUDIT & TAX SERVICES:
Entities include the GSCPA, the Educational Foundation of the GSCPA and the GSCPA Group Insurance Trust Fund. In order to receive a detailed RFP, please submit a summary of qualifications, including number of audit professionals and number of non-profit audit engagements, to Lloyd McCreary, Director of Finance and Administration at lmccreary@gscpa.org.

TAX INFO:
Tax-filing Extension Expires Oct. 15; Don’t Overlook Tax Breaks, Choose e-file or Free File, IRS Urges- The IRS urges taxpayers whose tax-filing extension runs out on October 15 to double check their returns for often-overlooked tax breaks and then file their returns electronically using IRS e-file or the Free File system.

IRS Offers Relief for Late S Corporation Elections- Businesses that are eligible to elect S corporation tax treatment now have a simpler process for requesting relief for late elections under a change announced by the IRS. Revenue Procedure 2007-62 allows small businesses that missed filing Form 2553, Election by a Small Business Corporation, before filing their first Form 1120S, U.S. Income Tax Return for an S Corporation, to file both forms simultaneously.

Treasury, IRS Issue Pension Protection Act Guidance- The Treasury Department and the IRS has issued a notice providing guidance on the methodology used to produce the corporate bond yield curve and segmented rates as part of enhanced pension funding rules for companies enacted by the Pension Protection Act of 2006 (PPA).

GSCPA GUIDE TO ACCOUNTING FIRMS IN GEORGIA – CALL FOR SUBMISSIONS:
Accounting firms are always looking for new ways to reach qualified applicants whether they be highly qualified Georgia college students (for internships or entry level positions), or individuals looking for part-time, seasonal, or alternative work schedules who may have some prior experience. In an attempt to bring together qualified individuals and Georgia accounting firms, the GSCPA has developed a firm guide to accomplish the goal of both of these groups. The guide will be sent to over 600 GSCPA student members and all colleges and universities throughout the state. In order for your firm to be included in the guide you must complete the firm profile form below and fax to Nealy Wheat upon completion at 404-237-1291. The deadline to submit your firm information is Friday, November 2, 2007.

WEB SITE TIP:
Once you have registered for a GSCPA conference, to see which specific sessions you have registered for, log in to the web site and then click on “My Calendar” under the teal My Membership section. Your sessions will be listed under the conference. To print the list, choose the print icon in the right-hand corner of the window.

AICPA CLUSTERS – REGISTER NOW:
Plan to join the GSCPA for the AICPA Clusters, December 17-18 at the Cobb Galleria Centre. Register for up to four 4-hour sessions, or two full days for a total of 16 hours of CPE. For the list of courses, fees, and registration information, please visit the web site: http://www.gscpa.org/Content/22163.aspx.

UPCOMING SECTION EVENTS:
Estate & Financial Planning Section Lunch & Learn
U.S. Estate and Gift Tax Planning for Resident and Non-Resident Aliens
Course No. 10724
Instructor: Russell P. Love
Date: Wednesday, October 24, 2007
Time: 11:30 a.m. - 1:30 p.m. (Registration at 11 a.m.)
Facility: GSCPA Training Center, Atlanta
CPE Credit: 1 hour general
Fees: $25 GSCPA Members, $25 Non-Members

October Real Estate Roundtable
The Subprime Crisis and Collateral Damage: What’s Happening and What’s Next?
Course No. 10701
Instructor: D.C. Aiken
Date: Tuesday, October 23, 2007
Time: 12 - 1 p.m. (Registration at 11:30 a.m.)
Location: Atlanta
Facility: GSCPA Training Center, Atlanta
CPE Credit: 1 hour general
Fees: $25 GSCPA Members, $25 Non-Members

CPE NEWS

UPCOMING COURSES:
Auditing: Complying With the 11 Most Dangerous Standards (NEW)
Course No. 10059
October 24; 8 hours A&A
Instructor: Gary D. Zeune
8:30 a.m. - 4p.m.; GSCPA Training Center

Mergers, Acquisitions, & Sales of Closely Held Businesses: Advanced Case Analysis**(CFP)
Course No. 10063
October 24; 8 hours General
Instructor: Carolyn M. Turnbull
8:30 a.m. - 4p.m.; GSCPA Training Center

Innovative Tax Planning for Individuals & Sole Proprietors**(CFP)
Course No. 10065
October 25; 8 hours General
Instructor: Debra Simon
8:30 – 4:30; Georgia Mountains Center; Gainesville, GA

UPCOMING CONFERENCES
2007 Atlanta Tax Forum – Preseason Tune-Up for CPAs
November 1-2, 2007; 18 hours CPE (possible 5.5 hours A&A); Cobb Galleria Centre, Atlanta
For the complete program schedule and registration information, visit the web site.

2007 Savannah Tax Forum – Preseason Tune-Up for CPAs
November 29-30, 2007; 18 hours CPE (possible 5.5 hours A&A); Coastal Georgia Center, Savannah
Larry O’Neal, Chairman of the Ways & Means Committee of the Georgia House of Representatives will be presenting “Current Georgia State and Local Tax Issues”
For the complete program schedule and registration information, visit the web site.

Work Life Balance Conference – Daily Strategies for Everyone
November 8, 2007; 8 hours CPE; Cobb Galleria Centre, Atlanta
Topics include: Why Does Work/Life Balance Matter?; Making the Most of Family Time; Stress Management; and Alternative Work Arrangements.
For the complete program schedule and registration information, visit the web site.

2007 Firm Practice Management Conference - Focus on Leadership
November 11-12, 2007; 10 hours CPE; Brasstown Valley Resort, Young Harris, Ga.
Early registration ends October 18
For the complete program schedule and registration information, visit the web site.

Comments/suggestions? Please email jetzbach@gscpa.org.

The next issue of E-Sources will be released Friday, October 26, 2007.