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 Mission Society of Enrolled Agents
1080 Minnesota Ave., #1
San Jose, CA 95125
Phone (800) 832-6732
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President's Message
I
would like to take this opportunity to wish everyone Happy Independence Day. God Bless America.
On behalf of Mission
Members, congratulations to James Houston, EA for becoming CSEA, Finance
& Budget Committee Chairperson and to Margaret Dunn, EA for becoming PEPCO Committee Chairperson .
Last June, I attended CSEA 33rd Annual Meeting at the Double Tree Hotel in Sonoma Wine Country. CSEA awarded Chapter of the Year to Channel Islands Chapter and EA of the Year to Greg Cash, EA.
MSEA was one of the last two finalists for Chapter
of the Year and our members should be proud of the 2009-2010 MSEA Team Work. Let's make an extra effort to win the award next year.
IRS is considering
changes to Circular 230 regarding Continuing Education requirements and EA
designation. IRS may or may not change the Enrolled Agent Designation name. During the Town Hall meeting, CSEA asked suggestions from members regarding EA
Designation name change.
For more information stay tuned.
The upcoming PIN
registration requirements will include ALL 2010 Tax Preparers either by re-registering their old PIN or
getting a new PIN starting on
September 1, 2010.
Current preparers who already have a PIN may re-register using eServices on the
IRS.gov website when the requirement becomes effective. For more information, visit IRS and NAEA website.
Click on the link below to check the CSEA FAQ page:
http://csea.org/Resources/FAQProposedNewRequirementsforTaxReturnPrep/tabid/305/Default.aspx
Mission Education Committee under Myra Thompson, EA planned great Education Topics for Mini Workshops and Full Day Seminar
next month to meet Continuing Education needs. I will encourage all members to
support MSEA Education Team.
I would like to further encourage and invite all members to
come watch the MSEA Board meetings every 3rd Tuesday of the month, this month on July 20, 2010. Be a Member of MSEA Team.
Jaswant
S. Jessie, EA
MSEA President 2010-2011 |
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July Mission Society Lunch Meeting
When :Tuesday 20, 2010, Time 10:AM-1:30PM
10:00 - 11:30 Board Meeting - Everyone is Invited
11:30 - 12:00 Mingle & Network
12:00 - 12:30 Lunch / Announcements
12:30 - 1:30 Speaker : Russell Barnett, EA
Russell Barnett has been a long-time board member of MSEA. He has worked extensively in tax representation and has represented hundreds of clients for all manner of cases, including more than 80 Offers in Compromise.
Topic : Representation
Location: Maggiano's Little Italy
Santana Row
3055 Olin Ave. #100
San Jose CA 95128
CPE : 1 Hour Federal
Lunch Fee:By reservation $30 on/or before Thursday 07/15/10 by 5pm
or $35 at the door.
RSVP Requested: Sign Up Now! Contact : MSEA Office at 1-800-832-6732 or office@missioneas.org
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Click on flyers below to register to any Education Event
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What did I learn recently?
The IRS may start assessing a failure to file penalty even if the taxpayer filed an extension. This will most likely be during an audit and the 25% failure to file penalty will be in addition to any 20% substantial understatement penalty. For example, when a taxpayer has reason to know that they will have a tax liability, has no estimated payments or withholding and, on the application for an automatic extension of time to file, enters "zero" for the tentative tax liability, the Service may invalidate the extension and apply the FTF penalty from the return due date. See Rev. Rul. 79-113, 1979-1 C.B. 389. Do not be fooled by thinking that even if the extension includes a payment it is safe. If the estimate is not considered to be close to a realistic attempt to calculate the tax due the FTF, may and will come up. In Crocker V Commissioner 92TC 899 (1989) in 1981 the TP filed an extension and paid $8,000 the tax liability (prior to audit) was $41,559 the subsequent year they underestimated their liability by approximately $27,000. In his opinion the judge writes "In order to avoid the addition to tax under section 6651(a)(1), a taxpayer must show both reasonable cause and a lack of willful neglect.
Alan L Pinck EA
Immediate Past President |
June Anniversaries
06/02/1977 Renate Howells EA
06/08/1983 Patricia DuNah EA
06/08/1983 Audrey Orlando EA USTCP
06/23/1983 Norman Jenks EA
06/05/1986 Osvaldo Diaz-Christians EA
06/20/1986 William Downey EA
06/12/1989 Jeanette Telesky EA
06/28/1989 Carl Middione EA MBA
06/04/1990 Dung Nguyen EA
06/19/1990 Wasil Petros EA
06/30/1990 Tram Pham EA
06/08/1992 Annie Le Nguyen EA
06/16/1993 Ingermarie Bevans EA
06/09/1994 Harris Willner EA
06/30/1994 Kathleen Crispino EA
06/30/1994 Karen Fihn EA
06/06/1995 David Balog EA
06/24/1996 George Pan EA
06/03/1999 Chi Nguyen EA
06/13/1999 Lena Diethelm EA
06/14/1999 Kent Noard EA CFP
06/16/1999 Myra Thompson EA
06/22/1999 Robert Mirolo EA
06/30/1999 Cynthia Leachmoore EA
06/20/2000 Nancy Pyzel EA
06/25/2002 Joel Berk EA
06/23/2003 Brenda George EA
06/09/2004 Allison Redington EA
06/17/2004 Nga Nguyen EA
06/02/2005 Julie Brown EA
06/03/2005 Patrick Young EA
06/06/2005 Volha Shpilevskaya EA
06/08/2006 Wai Ling Chai EA
06/01/2007 Jonathan Hill EA
06/01/2007 Linda Hudson EA
06/25/2007 Stanley Matsuo EA
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To see a list of other MSEA members and their specialties, click here________________________________________________________________________ |
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Mission Society of Enrolled agents is a chapter of the California  Association of Enrolled Agents www.csea.org. California Society of Enrolled agents is a chapter of the National Society of Enrolled Agents www.naea.org. | |
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