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CA UPDATE BY SUSAN MAPLES, CPAMs. Maples will be providing our members with a CA Update, and will cover the
following topics: the services available through the Taxpayers’ Rights Advocate’s Office, Current Issues like the CA EITC and FTB communication , Future Issues such as new legislation, Cannabis taxation and Power of Attorney form revisions, MyFTB, as well as Fraud and ID Theft.
About the Speaker:
Susan Maples is the Taxpayers’ Rights Advocate for the Franchise Tax Board (FTB) and is respon-sible to ensure taxpayers’ rights are protected.
As the Advocate, her responsibilities include the coordination and resolution of taxpayer com-plaints and problems; and education and outreach efforts to taxpayers and tax practitioners.
She has been with the FTB for 20+ years working in both Sacramento and the Southern California field offices. She started as an auditor and has experience with personal income tax and corporate tax law. Susan has worked closely with the practitioner community in her previous role as the Tax Practitioner Liaison to FTB and presented a variety of topics with the Education and Outreach pro-gram.
She also worked as a Public Affairs spokesperson. Susan earned her Certified Public Accountant license while with the FTB.
“To Promote the Professionalism and the Growth of Our Members”America’s tax experts
CSEA Inland Empire Chapter October 2017
As tax professionals, and Enrolled Agents specifically, sometimes we tend to focus on what’s happening at the IRS, in Congress, and at the White House. This is impor-tant, to be sure, but let’s not forget about the State House! Many of us work with FTB, EDD, and CDTFA (California Department of Tax and Fee Administration, formerly BOE) every day on behalf of our clients. Keeping up with new legislation and procedures at each of the agencies can be overwhelming. Fortunately, we are members of CSEA! We are a part of the only profes-sional association dedicated to serving Enrolled Agents in California through California specific education and information and advocacy with the State Tax Agencies and Legislature. CSEA’s Legislative Affairs Committee works tirelessly, to foster strong working relationships with each of the State Agencies, giving us opportunities
both to work with the agencies to address systematic issues and receive real-time information about tax law and procedure changes. Our October dinner meeting is a prime example of the access we have through our organi-zation. We are pleased to have Susan Maples, CPA, the Tax Payer Advocate of the FTB as our featured speaker! Don’t miss this opportunity to get timely, relevant infor-mation directly from the FTB. I’m looking forward to seeing each one of you on October 11!
PRESIDENT’S MESSAGE Joel Hendriks, EA, Inland Empire Chapter President
QUICKFINDERBarbara Robertson, EA, Chair
PLEASE CHECK YOUR NAME FOR ANY ERRORS IN ATTENDANCEI am pleased to announce that through the September meeting the following mem-
bers have earned a 1040 Quickfinder for attending five meetings: C Bracher, P Cheatum, W Cheney, R Davis, J Hendricks, J Kincaid, V Morel, and R Uehle. They each must attend at least one additional meeting to qualify for the Business Quickfinder.
Members attending four meetings and must attend five to qualify for 1040 and six to qualify for a Business are: K Alvardo, D Dekoekkoek, N Hill, M Johnson, P La Rue, J McReynolds, A Morgan, D Powers, D Stacy, S Tressler, G Watson, and G Williams.
If you have attended 2 or 3 meetings this year by attending the Oct, Nov, and Dec meetings you can qualify also. Remember 5 meetings to get the 1040 and 6 meetings for the Business Quickfinder.
For those of you who will not qualify or would like to order extra books for your office at our reduced rate I will be taking orders at the November and December meet-ings. There will be no extra books for sale. You can call Barbara Robertson (909) 466-7466 to place your additional order or if you have questions.
ALL BOOKS WILL BE SHIPPED DIRECTLY TO YOU FROM QUICKFINDER AT YOUR CSEA ADDRESS OF RECORD EARLY IN JANUARY. THEY WILL DELIVER TO A POST OFFICE BOX.
CO-SPONSORED SEMINARSBarbara Robertson, EA Chair
REMINDER, WHEN SIGNING UP, YOU MUST PUT INLAND EMPIRE CHAPTER IN THE REFERRAL LINE
ClientWhys
Total Practice includes the one day seminar, 8 hours of correspondence course and 12 monthly webcasts. Also you will receive a “Big Book of Taxes” reference guide and access to the timely updated “on-line” “Big Book of
Taxes”. Price $375
1040/540 Review & Update Seminar 2017
November 10, 2017 DoubleTree by Hilton, Ontario8 hour seminar only $239
Registration Information:Phone (909) 466-7466 or www.clientwhys.com
Our chapter earns $25 for each member attending
Brass Tax Seminars - 2017
TUNEUP/UPDATE
San Bernardino Doubletree, Wednesday 11/29/17Ontario Radisson, Friday, 12/15/17
Early Bird Fee 10/31/17 $235
8 Hrs CPEOur chapter earns $25 for each member attending, make sure when registering to
put IEEA in “Referred by line”.
2017-2018 Board of Directors
CSEA Inland Empire Chapter Committee Chairs 2017-2018AWARDSGerald D. Watson, EA 951/[email protected] RETENTIONTBABYLAWSConnie Bracher, EA909/[email protected] SEMINARSBarbara Robertson, EA909/[email protected] SERVICETBAEDUCATIONPatricia LaRue, EA909/[email protected] & BUDGET Paul Cheatham, EA909/[email protected] REVIEW Victor Morel, EA951/[email protected] Don Stacy, EA951/[email protected]
MEMBERSHIPVictor Morel, EA951/[email protected] Martin, EA 909/[email protected] Kincaid, EA 951/[email protected] Amber Morgan, EA909/[email protected] INFO. & AWARENESSTBASEMINARSVictor Morel, EA951/[email protected] PLANNINGAmber Morgan, EA909/[email protected] J Williams, EA 951/[email protected]
PresidentJoel Hendriks, EA909/797-3140 [email protected] Vice PresidentAmber Morgan, EA909/915-1040 [email protected] Vice PresidentVic Morel, EA951/237-8728 [email protected] Andrade, EA760/[email protected]
TreasurerRon Uehle, EA800/[email protected]
Immediate Past PresidentJackie Kincaid, EA951/[email protected] Director(Two Year Term)Don Stacy, EA951/203-9021 [email protected]
CSEA RepresentativeJoel Hendriks, EA909/797-3140 [email protected]
DirectorsDeborah Blaze, EA909/[email protected] Cheatham, EA 909/[email protected] Cheney, EA909/[email protected] LaRue, EA909/874-5664 [email protected] J Williams, EA951/[email protected] Watson Jr, EA951/[email protected]
Inland Empire Chapter CSEA Examination Report
Vic Morel, MS, EA2017 Chapter Financial Review Committee Chairperson
The IECSEA – Board of Directors tasked the Chapter Financial Review Committee with the responsibility of exam-ining the books and records of the CSEA-Inland Empire Chapter (IECSEA) for the fiscal year ending June 30, 2017.
The Financial Review Committee was comprised of members Vic Morel, E.A. and Jerry Watson, E.A. who con-ducted the Examination on 08/17/2017 & 08/18/2017 (plus various follow-up times thereafter).
We planned and performed the Examination to obtain reasonable assurance that the IECSEA finances are free from material misstatement. In addition, we reviewed the imple-mentation & maintenance of internal management controls.
The Committee’s responsibility is to express an opinion on the financial statements books & records based on the Examination.
This examination was done in accordance with the California Society of Enrolled Agents Chapter Examination Committee Standard Operating Procedures (SOP).
The committee choose three representative months: August 2016, November 2016, and June 2017 for sampling and testing purposes.
The Examination consisted of a review of the general ledger in QuickBooks, bank statement deposits, canceled check numbers in bank statement as compared to the QuickBooks files.
Upon the completion of the examination of the items above, it has been determined that:
• Transactions as recorded are reasonable• Recorded transactions are valid and properly autho-
rized• Accounts Receivable and Accounts Payable are rea-
sonable and accurate• Transactions are properly valued & classified• Expenses validated with accompanying receipts/
invoices
There are no further recommendations.
Please find attached below a Summary of the fiscal year end Profit & Loss Statement and the fiscal year Balance Sheet.
CSEA Inland Empire Chapter – Profit & Loss Statement – 07/01/2016 to 06/30/2017*
Total Revenues . . . . . . . . . . . . . . . . $32,472.73
Total Expenses . . . . . . . . . . . . . . . . $32,999.80Net Income. . . . . . . . . . . . . . . . (.-.$ 527.07)
CSEA Inland Empire Chapter – Balance Sheet – 07/01/2016 to 06/30/2017 *
Total Assets . . . . . . . . . . . . . . . . . . $31,521.17
Total Liabilities
Fund Balances . . . . . . . . . . . . . . . . $32,048.24
Net Income. . . . . . . . . . . . . . . . . (-$ 527.07)Total Liabilities & Equity. . . . . . . . . . . $31,521.17
*For a more detailed P & L and Balance Sheet, please con-tact Vic Morel @ (951) 237-8728.
With no further findings or recommendations, we con-cluded our examination of the chapter books and would like to thank the treasurer Ron Uehle, EA for doing such a great job keeping the books and records.
IRS Reminds Parents, Students to Explore Education Resources
on IRS.gov
WASHINGTON – The Internal Revenue Service today reminded parents and students that there are many tax ben-efits available to them, and the easiest way to learn more about them is through the education resources available on IRS.gov.
Besides tax credits such as the American Opportunity Tax Credit and the Lifetime Learning Credit, there are other education-related tax benefits that can help reduce a taxpay-er’s tax liability. Savings plans, such as 529 plans, also offer tax-free ways to save for a student’s qualified education expenses.
Deductions:
Student Loan Interest Deduction
If a taxpayer’s modified adjusted gross income (MAGI) in 2017 is less than $80,000 ($165,000 if filing a joint return), there is a special deduction allowed for paying interest on a qualified student loan used for higher education. This may include both required and voluntary interest payments. Eligible taxpayers can claim this deduction even if they don’t itemize their deductions on Form 1040 Schedule A.
• Qualified Student Loan is a loan:
o Taken out solely to pay qualified education expenses that were for the taxpayer, their spouse or a person who was their dependent when they took out the loan.
o Paid or incurred within a reasonable period of time before or after the taxpayer took out the loan.
o For education provided during an academic period for an eligible student.
o From someone other than a relative.
o That is not taken from a qualified employer plan.
• Qualified Education Expenses include amounts paid for the following items:
o Tuition and fees.
o Room and board.
o Books, supplies and equipment.
o Other necessary expenses, such as transportation.
Business Deduction for Work-Related Education
A taxpayer who is an employee and can itemize their deductions may be able to claim a deduction for expenses they paid for work-related education.
For self-employed workers, deduct expenses for qualify-ing work-related education directly from self-employment income. This reduces the amount of income subject to both income tax and self-employment tax.
To claim a business deduction for work-related educa-tion, the taxpayer must:
• Be working.
• Itemize their deductions on Schedule A (Form 1040 or 1040NR), if they are an employee.
• File Schedule C, Schedule C-EZ or Schedule F if the taxpayer is self-employed.
• Have expenses for education that meet the require- ments for qualifying work-related education.
1. I
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October 18, 2017 Registration at 7:30 Seminar from 8 till 4
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On-line Tax Help:Very Active Facebook Groups for Enrolled Agents: US Tax Pros; Tax Pros; Enrolled
Agents – The Tax Professionals.Linked In Groups: NAEA, and California
Society of Enrolled Agents
Wednesday, October11, 2017 Chapter Meeting — FTB Representative Susan Maples, EA 5:30 Social; 6:00 Dinner; 7:00-9:00 CE Presentation Chapter Meeting location: Double Tree by Hilton 285 E. Hospitality Lane, San Bernardino, CA (at Waterman & 10 Fwy)
Due to Hotel Policy dinners will not be provided without prior reservations. Chapter Program cost is $42 for members, if registered by 10/6/17; $47 for non-members and guests if registerd by 10/6/17.
$50 for members after 10/6/17 to 10/11/17; $55 for non-memberafter 10/6/17 to 10/11/17. RSVP to Ron Uehle, [email protected] or 800-436-4199.
We have a new secure credit card payment and online registration for events through 123signup. We accept Visa, MasterCard and Discover. We have opted out of American Express due to the higher cost for processing. You will receive a confirmation by email that you are registered.
You can still pay by check or cash at the door and this option is available through the online registration at www.ietaxpro.comYou can still pay by check or cash at the door and this option is available through the online registration at www.ietaxpro.com
Chapter IdEA’s is published May-January by the Inland Empire Chapter, CSEA. Classified ads are free to members up to 35 words; for non-members the cost is $25. The Newsletter sub-scription is $15 per year. It is distributed free to members of the Chapter. Checks payable to CSEA; include your name, address, email, and phone number; send to Dave DeKoekkkoek, EA; 2551 S. Euclid Ave., Ontario, CA 91762. Email [email protected] Board:
Inland Empire Chapter [email protected]
12199 Heacock St., Ste 1Moreno Valley, CA 92557
Return Service Requested
First Class Mail
October 11, 2017 Chapter Dinner Meeting-FTB Rep. Susan Maples, EANovember 8, 2017 Chapter Dinner Meeting-Audit Techniques by Quinn Departe, Esp.November 10, 2017 1040 Review, ClientWhys, OntarioNovember 29, 2017 1040 Tune Up, Brass Tax, San BerdardinoDecember 13, 2017 Chapter Dinner Meeting-Ehics Roulette by Torie Charvez, EADecember 15, 2017 1040 Tune Up, Brass Tax, Ontario
To receive Chapter IdEA’s Newsletter by printCall Dave at 909-467-5433 or email
EARLY BIRD REGISTRATION for the 2013 Practitioner’s
Update Seminar ends DECEMBER 15, 2012.
Sign up today and save. See registration flyer in this newslette