Newsletter February 2010 : Turn on your Radio!

Mission Society of Enrolled Agents

1080 Minnesota Ave., #1

San Jose, CA 95125

Phone (800) 832-6732

Fax (866) 671-2142

www.missioneas.org

Newsletter

February 2010

In This Issue

EA Radio Ad on KLIV

New York Tax Returns

2010 Education Preview

Welcome New Members

February Anniversaries

1031 Exchanges and more updates at no cost

Classifieds

Quick Links

MSEA

CSEA
NAEA
Contact us
Calendar of Events

President's Message

As we start the "Enrolled Agents Holiday Season",I would like to take a moment and remind you all that we have the best jobs ever. There are not many jobs out there that you can make a good portion of your income in a short period of time. As things get crazy busy and sometimes a little out of hand, we need to remember that in 2 and ½ months we can catch our breath and take a nice vacation. With the economy in the state that it is, our clients need our services more than ever so do not get discouraged if you see a little drop off you will see a bigger pickup in the long term. Do not let yourselves get over loaded and remember that sleep and an occasional day off is most necessary. Good luck to you all and I will look forward to seeing you all at the April luncheon.

Alan L Pinck EA
MSEA President 2009-2010

Turn on Your Radio : EA Radio Ad on KLIV

MSEA is sponsoring a 60 minute radio ad on KLIV (1590 AM News Radio). The ad will provide tax payers with information on Enrolled Agents and direct them to a web page where they can search for an EA by zip code and/or specialty.

The radio ad will air 5 times a day every Monday, Wednesday and Friday from February 1 to March 26. At least one ad will air during the prime commute time of 6:00 a.m. to 9:00 a.m. The remainder will be aired through the day.

If your tax practice information is not currently listed on the CSEA website consider listing it now, it is free for members. Log onto the CSEA website and select "My Information" from the Members Area tab at the top of the page. Enter your information and indicate "yes" when asked if you want to participate in "Find an EA". The web page for the KLIV ad will draw from the CSEA member information.

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Do you do any New York Tax returns?

You need to apply for a license from New York to be able to prepare these returns even if you only prepare one New York State tax return.

For more information go to: http://www.nystax.gov/tp/tpreg.htm

NYSSEA and NAEA are aware of the issue and are fighting to get the law overturned or at least to get EAs exempt from the registration process.

It takes about 20 minutes to go through the process of registering online.

If you would like more information you can look at your December 18, 2009 e@lert from NAEA.

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2010 Education Preview

What's in the works for tax classes in 2010?

Watch for our upcoming mini seminar series in Silicon Valley and Monterey Bay. Our class selections this year will include an S-Corporate class where we will actually walk you through filling out the forms in detail. We also plan to offer classes on the undocumented worker and filing their returns, Ponzi schemes, stock issues, and whatever hot topic comes out of the tax season.

Our full day seminar will concentrate on collection representation; the instructor will run the class through simulated collection cases ranging from a simple installment arrangement to getting a client designated as currently non collectible to an Offer in Compromise with Appeals!

Again we will hold the SEE class for EA exam candidates in San Jose and the 60hour Basic class in San Jose, Santa Cruz and Monterey Bay area.

Of course to start 2011 off with a bang we will offer the 2011 Annual Update with Claudia Hill and Vicki Mulick.

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Welcome New Members

01/04/2010 Yong Sam Choi EA
01/05/2010 Meriel Jenks
01/05/2010 Michael Snyder
12/28/2009 Steven Walker Esq

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February Anniversaries

2/26/1982 Karen Owen EA CFP

2/05/1985 Varsha Vyas EA

2/10/1986 Walter Saltzman EA

2/17/1987 Janet Grindy EA

2/02/1988 Doris Altman EA

2/08/1988 Thomas Shafer EA

2/17/1989 Dan Olmstead EA CFP

2/11/1992 David Schwartz EA

2/03/1993 Kerstin Eriksson-Splawn EA CFP

2/17/1993 David Hatt EA

2/13/1995 Jeffery Cambra EA

2/23/1995 Dieter Kaelker EA

2/05/1997 Diana Redfern EA CFP

2/26/1997 Marilyn MacNab EA

2/27/1997 Ted Johnston EA

2/08/1999 George Vogel EA

2/08/1999 Danny Nguyen EA

2/09/2004 Fred Evans EA

2/06/2008 Mike Novielli

2/25/2008 Almon Babbitt CPA

2/25/2008 Diep Trinh EA

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February Classifieds:

Free Seminar for Enrolled Agents, Financial Planners, CPAs

and Attorneys

As a professional in your field it is critical to your success that you establish "Trusted Advisor" status with your clients and their sphere of influence.

Possessing up-to-date information that is vital to your working and retired clients' future is the most effective way to develop and maintain these valuable, hard earned relationships.

We want to invite you to a seminar that will enable you to more effectively advise your clients. Topics will focus on real estate and how to help your clients achieve financial security through careful planning and knowledge.

You will learn about: recent changes affecting your clients' ability to access their trapped equity, new tax deferral methods, and how to utilize recent changes in tax law to minimize liability.

There is no charge for this information-filled two hour seminar and we have nothing to sell you.

The topics to be covered are:

1031 Exchanges: Understand what's new from the IRS.

Reverse Mortgages: Learn FHA's latest program provisions, along with myths and truths about this valuable tool.

Structured Sales: Hear the newest tax deferral strategy for people tired of real estate or who can't complete their 1031 exchange.

Primary Residence Exemption: Learn what changes Congress made last year to Section 121 of the tax code and how that will impact your clients.

Learn how HUD has created a Solid Solution for Senior Homeowners needing to downsize. FHA's Reverse Mortgage for Home Purchase provision increases Re-Purchasing Power after the sale of a primary residence. Find out the Number One Question advisors must ask every senior client.

Please join us at either session:

Tuesday, February 16 Thursday, February 25

2:00 to 4:00 PM 2:00 to 4:00 PM

Los Gatos San Mateo

290 Los Gatos-Saratoga Rd. 155 Bovet Rd.

To RSVP, call (650) 726-8934

Ron Ricard Mary Jo Lafaye

IPX 1031 Security 1 Lending

(408) 483-1031 (650) 726-8934

ron.ricard@ipx1031.com info@maryjolafaye.com

You may contact either speaker with questions. We look forward to seeing you!

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