Mission Society of Enrolled Agents

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Welcome to the Mission Society of Enrolled Agents (MSEA)

The Mission Society of Enrolled Agents is a nonprofit professional association of over 300 members, offering education and networking opportunities to tax preparers in the South San Francisco Bay Area.

See our current newsletter, below.  Also, be sure to see WHAT's HOT!

 

 2021 The Alameda                                                         Phone (800) 832-6732      

 Suite 280                                                                                                        

San Jose, CA  95126                                                      www.missioneas.org        

 

Mission Society of Enrolled Agents July Newsletter

MSEA MONTHLY NEWSLETTER 

July 2014

 

 MSEA

     CSEA

     NAEA

   CONTACT

CALENDAR

In This Issue

ClientWhys Nov. Update

Advertise for a Successful Season

New Members

Anniversaries

What I Have Learned Lately

Legislative Report

June Luncheon Meeting

CSEA by the Sea

President's Message

Education, Education, Education

Monthly Committee Mtgs

CSEA Logo & MSEA Affiliation

 

 

Education, Education, Education!


Save the Dates for These Awesome Workshops

 

August 16th: Entities (LLC, S-Corp., etc.) Torie Charvez, EA

 

August 23rd: What You Don't Know About Tax Law Changes in Depreciation - Frank B. Lloyd, EA

 

September 6th and 13th: Collections, Gift and Estate Tax Returns, 709 and 706 Steven Walker, JD

 

September 9th: Forms 1116 and 2555

- Rob Lee, CPA

 

 

September 11: 2 hours ACA - Peggy Hall

 

September 11: 2 hours Ethics - Alan Pinck, EA

 

September 13: California Updates - Brenda Voet

 

January 8, 2015 Cast in Concrete at Mariani's

 

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Advertise and Increase Your Tax Season Revenue!

 

Your skills and experience are unique. Promote them! Sign up for your own MSEA web site Classified Referral AD.

 

     For examples, please view current advertisements:

 

        http://www.missioneas.org/tax-preparer-referrals.html

 

 

New Members   

 

Nancy C. Callahan, 5/22/14, Carmel

 

Matthew Craig Duncan, EA 6/03/14, Mountain View

 

 

Welcome to MSEA! We look forward to meeting you.

 

 

Anniversaries 

 

We are very thankful for the following members, who are celebrating their 5th, 10th, 15th, 25th, or 35th anniversary of membership in MSEA in the months of May and June. Thank you for you service and dedication. Original join dates are listed after the name. 

 

Name

Original Join Date

Jeanette D. Telesky

06/12/89

Carl U. Middione

06/28/89

Harris W. Willner

06/09/94

Kathleen Crispino

06/30/94

Karen L. Fihn

06/30/94

John M. Mathias

05/10/99

Perviz G. Guard

05/21/99

Jaswant Singh Jessie

05/21/99

Chi Nguyen

06/03/99

Lena M. Diethelm

06/13/99

Kent E. Noard

06/14/99

Myra J. Thompson

06/16/99

Robert D. Mirolo

06/22/99

Cynthia A. Leachmoore

06/30/99

Reuben Martinez

08/27/99

Tom P. Chun

05/05/04

 

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What I have learned lately

 If You're On a Mortgage in CA, You Must Make Six Figures

 

As we know, once a taxpayer lives in or opens a business entity in California, the state does not like to let you go without a fight. If you do not properly close down your business entity CA will continue to look for you, as my client found out. 

 

Taxpayer has an LLC that was shut down but never formally dissolved with the state, leaving the $800 per year Franchise Tax unpaid for years.  California FTB starts levying personal bank accounts of the taxpayer to collect on penalties for not filing or paying the minimum tax. In order to get the LLC closed the LLC taxpayer needs to file back returns and pay the fees in order to get taken out of "Forfeited" status so they can properly close down the entity.  Well I may be preaching to the choir here and a lot of you have run into similar cases with LLC's or Corporations.

 

I recently ran into a new twist: taxpayer owns a home with her brother. They are both on the mortgage and she is primary, so her social security number is on form 1098. The taxpayer is transferred to Illinois and she moves out of California. Her brother stays in the house continues to make the mortgage payments.  After 3 years of living in another state and filing in the other state she starts getting her bank accounts levied by CA FTB. The basis of the levy is SFRs (substitute for returns) are being filed by the FTB, and she is not getting the notices. It turns out that, even after you move out of state they want returns to be filed.

FTB came up with the income for the SFRs by multiplying mortgage interest on form 1098 by four, in this case $180,000 of assumed income. (She actually makes only about $80,000.) This leads to notices with no response, and levies on bank accounts. When talking to the FTB in order to get this corrected the TP needed to file returns with all 0's to show she has no tax liability. Now we are fighting to get  refunds of the amounts levied from bank accounts. I will keep you posted.

 

Alan Pinck, EA

 

 

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May 2014  MSEA  Legislative Affairs Committee Report

 

AB 2180 (Secretary of State Statement of Information  Filing) Update :   

 

AB 2180 was heard in Assembly Appropriations Committee on May 15th, 2014. The bill has a price tag of $2.5 million which reflects SOS's supposed costs to implement the bill. The bill is on the suspense file and we will be working with the committee and author on possible amendments to reduce the costs. The SOS opposed the bill and the CA Chamber, Nonprofits, Caltax all voiced support for the bill. Our arguments really resonated with the members on the committee.

 

In order to help our bill get off suspense and for it to be allowed to pass it would behoove us to offer some amendments to reduce the cost. Assemblywoman Brown (the bill's author) would like to offer that rather than changing the due dates, we use the existing due dates, but similar to DMV registration, we allow a window in which to pay and include a late charge depending on how late the SOI is filed.  Another suggestion is that we should also eliminate suspension for non-compliance so businesses are not unduly harmed when they forget to turn in the form on time. 

 

Existing law requires a corporation, a nonprofit public benefit corporation, a nonprofit mutual benefit corporation, a nonprofit religious corporation, a consumer cooperative corporation, other specified corporations, a limited liability company, and a credit union, to file a return with the Franchise Tax Board within a specified period following the close of its taxable year, except as otherwise specifically provided, and to file annually or biennially, as provided, a statement with the Secretary of State containing specified information during the calendar month during which the organization's original articles were filed or during the immediately preceding 5 calendar months. Existing law requires the Secretary of State to provide notice to each organization to comply with this provision approximately 3 months prior to the close of the applicable filing period.

 

Currently, this bill would require  those corporations, limited liability companies, and credit unions to file the statement with the Secretary of State during the calendar month of, or within the 5 months preceding, the organization's due date for filing its return, excluding extensions, with the Franchise Tax Board or if no return is required, by May 15, as provided. 

 

 

Larry Behage, Legislative Committee Chairman

 

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July

Luncheon Meeting

  

 

When: Tuesday, July 15th, 12:00 PM-2:00 PM


Where: Holiday Inn, San Jose Airport 

            1350 North 1st Street

  San Jose, CA 95112

 

Agenda: 11:30- 12:00 Registration and Networking

   12:00-12:30 Lunch and Announcements

   12:30-2:00 Arlette Lee, IRS 

   

Criminal investigations and the impact on the Tax Practitioner community

Car pooling is encouraged but MSEA does pay for your parking at the event

 

 Click here for more information or to register. 

 

Contact: MSEA Office at 1-800-832-6732 or email: office@missioneas.org

 

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Check the CSEA web site for updates and to sign up for events: Click Here 

 

Calling all volunteers ---- Mission Society of Enrolled Agents!!!

 

CSEA's 2014 Annual meeting will be in our own back yard in July 2014!  It has been a long time....so let's show the rest of the chapters how to throw a real party!  Save the dates now, July 7 to July 13th  since the Annual meeting runs into the CSEA May 2014 Board Meeting.

Not only do we want to attend in force as a chapter, we are going to need your help.  There are lots of things we as the host chapter are responsible for.  This is a list of some of the areas we need assistance in:

  • Jim Reed Memorial Golf Tournament
  • Assembling Centerpieces
  • Member Dinner
    • Decorations
    • Games
  • Social activities
  • Prize gathering for games, social activities, and gift/swag bags

 

You are not expected to volunteer every day, even a few hours here and there will be greatly appreciated and needed.

 

Torie Charvez EA , Chair :   tc@tax-goddess.com

  or 408-246-6136 

 

 

 

AnchorHere President's Message

 

 

 

Dear MSEA friends,

 

I want to thank you for the honor of serving you this past year. It has been a pleasure getting to know many of you, and a privilege to work with many of our capable leaders.

 

In particular, I would like to thank the following Board and Committee leadership that has preserved our organization, and carried forward its vision of inclusiveness, public awareness, and excellence in education:

 

Officers:

 

 

President Elect: Nancy Pyzel, EA

Vice President/Interim Treasurer/Budget and Finance Chair: Ron Hoggsett, EA

Secretary: Marie Sairy, EA

Interim Immediate Past President:  Alan Pinck, EA

 

Directors:

 

Varish Mohdi, EA (also Education Chair)

Richard DeVaney, EA  (also Strategic Planning Chair)

Larry Behage, EA (also Nominating Chair)

Jenny Barnes, EA  (also Disaster Services Chair)

Jim Jenks, EA (also Membership Chair)

Miles Mikasa, EA  (also Webmaster)

Chris Grindy, EA  (also Technology Chair)

Karen Fihn, EA

CSEA Director/2014 Annual Meeting co-chair: Torie Charvez, EA

 

Committee Leadership:

 

Phillip Levine, EA, PIA Chair

Myra Thompson, EA, Education Vice Chair

Joel Berk, EA Bylaws Chair

Ilse Beck, EA, SEE Class Chair

Randy Warshawsky, EA, IRS Townhall Chair/Luncheon Master

Margy Dunn, EA, 2014 Annual Meeting Co-Chair

 

MSEA Office Manager:

 

Eryn Blankenship

 

Thanks also to those of you who served on committees, attended our luncheons and education events, and participated in our Special Interest Groups (SIG).  By being involved in any way big or small, you have woven yourself into the fabric that is our Society.

 

In gratitude,

 

Cynthia Leachmoore, EA

President, 2013-2014

 

 

 

 

The Mission Society in conjunction with ClientWhys
presents the 1040 Review & Update Seminar
November 20 and 21, 2014 at the Holiday Inn SJ Airport


Register Early and Save!

 

Call 1.800.442.2477 x1 to reserve your seat or order online at taxcpe.com. 

 

If this last tax season is an indication, being prepared for tax season is your #1 job during the off-season.

Complex returns and never-ending tax law changes are the norm. Cutting back on continuing education or looking for the easy way are no longer options for top-shelf tax professionals. You need a continuing education provider who knows the hot issues and supports you year round. You need a vendor who provides you the tools to manage client meetings so you can answer questions before the client leaves.


ClientWhys Tax Update & Review Seminar breaks down complex issues in an easy-to-follow format. The take-home textbook (more that 900 pages) is free for all attendees. In addition, you'll get:


* Searchable Big Book of Taxes eBook for year-round research


* A-Team speakers, including Matt Brodie, CPA; Lee Reams, EA; and Art Werner, JD


* We address the troublesome areas most encountered by professionals throughout the year


* Highlights of tax strategies that will benefit your clients and make you a hero


* Free access to our ClientWhys Connect Technical Support Forum


* A two-day live presentation - 16 hours of CPE


* Includes on-line supplemental self-study courses (for a grand total of up to 29 CPE hours)


* Ten convenient California locations


* CPE accredited for CPAs, EAs, CFPs and CTEC Tax Professionals


Registration Information!


$335 for registrations received by June 1


$345 for registrations received by August 31


$365 for registrations received September 1 and after  

 

Your Chapter Also Benefits - In a revenue sharing agreement with you chapter, a portion of your registration fee goes to your chapter. 

 

Call 1.800.442.2477 x1 to reserve your seat or order online at taxcpe.com. 

 

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Committee Meetings

 

Membership Committee Meeting 

 

When: Tuesday, June 10th, 11:45 am to 1:00pm

 

Location: GoToMeeting.com

  

Attendees: All members are welcome!

  

For more info: James R. (Jim) Jenks, EA at 1-408-275-8299

                        

RSVP:   Required at least 24 hours before meeting, in order to participate. Jim@jandmtax.net

Or the Membership Committee at:  membership@missioneas.org 

Education Committee Meeting

  

When: Tuesday, June 10th 1:00- 3:00 pm 

 

Where:  

Jan Telesky's Office 

2095 Park Ave 

San Jose, CA 95126

 

Attendees: All members are welcome!

  

For more info: Contact Varish Modi: varish@modisbc.com 

 

 

 

PIA Committee Meeting

  

When:  Friday, June 13, 2014 from 11:30 am to 1:00 pm

 

Where: Mama Mia's Restaurant

           200 E. Hamilton Ave.

           Campbell, CA 95008

 

For more info:  Contact Phil Levine, (408) 402-3725 or the MSEA Office at: 1-800-832-6732

 

Board of Directors Meeting 

 

When: Tuesday, June 24th, 10:00-11:30am (Immediately preceding the MSEA Luncheon)  

 

Where:  

           Holiday Inn, San Jose Airport
           1350 North 1st Street
           San Jose, CA 95112

 

Attendees: All members are welcome!

 

 

Tech Committee Meeting

    

When:  Thursday, June 26nd, 12:30-1:30 pm 

  

Where: https://global.gotomeeting.com/join/697211229

 

Contact: MSEA Office at: 1-800-832-6732 or 

office@missioneas.org

 

TECH Committee Chairperson: 

Chris Grindy, EA, Chris@GrindyTax.com, (408) 371-2262

Monthly SIG Groups 

Join us!

 

 

1st Tuesday of the month from 11:30 AM to 1:00 PM

 

    Holder's Country Inn

    998 S. De Anza Blvd. San Jose, CA 95129

    Contact: Ron Hogsett EA  1-408-462-9589

    Email: ron@rjtaxservices.com

    RSVP: Requested

 

 

 

1st Wednesday of the month  11:45 AM to 1:00 PM

(Except Tax Season Months of: February, March & April) 

 

    Effie's

    331 W. Hacienda Ave, Campbell, CA 95008 

    Contact: Martin Lowe   1-408-879-9469 

    Email: martin@martinlowecpa.com

    RSVP: Requested 

 

 

2nd Thursday of the month 11:30 AM to 1:00 PM

 

    Cup & Saucer

    1375 Blossom Hill Road

    San Jose, CA 95118

    Contact: Bill Herrington (408) 227-6486

    Email: wadketax@sbcglobal.net

    RSVP: Requested

 

 

3rd Thursday of the month from 11:30 AM to 1:00 PM

 

    Olive Garden

    2515 El Camino Real, Palo Alto, CA 94306

    Contact: Jill Mendenhall EA 1-650-641-0881

    Email: mendenhalltaxes@gmail.com

    RSVP: Requested   

 

 

 

 

 

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CSEA-Mission_Logo   Mission Society of Enrolled agents is a chapter

   of the California Association of Enrolled Agents.

   www.csea.org

 

   The California Society of Enrolled agents is a

   Chapter of the National Society of Enrolled

   Agents.

   www.naea.org

          

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