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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
Time to Kick off Fiscal Year 2011-2012
I want to start by saying I am excited and honored to be serving as your President this fiscal year. I will do my best to serve and represent the members of Mission Society of Enrolled Agents both the local levels as well as at the state level with California Society of Enrolled Agents.
I would like to personally thank Stan Skelton, EA for installing me at the June meeting and conducting the installation ceremony for the other Officer's and Board Directors.
Thank you to Jessie Singh, EA. Our Immediate Past President worked hard last year and made sure to turn over MSEA in great shape. The efforts of Jessie and his Board were rewarded with and increase in membership winning the last CSEA membership drive with 27 new members. As well as combined advertising on KGO radio with 3 other Chapters making the public more aware of who and what Enrolled Agents are...the Tax Experts!
We have a new Board and a new lunch venue (The Wyndham Hotel). Come visit a board meeting and see what is going on. Please stay for lunch and enjoy great speakers, get some CE units and interact and network with your fellow EAs.
There are great education events happening over the next few months. Check them out at our website: www.missioneas.org, under education and our "What's Hot" area.
Our first social event of this fiscal year is the San Jose Giants game on July 27, 2011. More information and registration can be found at our website.
The next CSEA Board meeting is on September 24-25, 2011. I encourage you as a member to join me in attending. MSEA does have a reimbursement program for members who wish to attend and participate at CSEA meetings and committee. Contact me for more information-maybe we can car pool!
This year will be full of exciting and rewarding benefits for all our members. I hope you will join me in participating to your fullest and taking advantage of all the things your membership in MSEA, CSEA and NAEA offers.
Warmest Regards,
Torie Charvez, EA
MSEA President
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July Mission Society Lunch Meeting
When :Tuesday 191, 2011, 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 : Cynthia Leachmoore, EA
Topic : RDP Tax Issues
Location:Wyndham Hotel
1350 North First Street
San Jose CA 95112
CPE : 1 Hour CPE for this meeting
Lunch Fee: By reservation $35 on/or before Thursday 07/14/11 by 5pm
or $40 at the door.
RSVP Requested: Sign Up Now!Contact : MSEA Office at 1-800-832-6732 |
| What I have learned lately
First of all, thank you to all that read my submission from last month and gave me feedback. There will be more on that issue forthcoming, I am working on gathering more information on that issue.
This month, I would like to let you know that I am seeing more and more auditors willing to waive penalties. As we know, the 20% accuracy related penalties have been assessed on adjusted tax liabilities that are over 10% of the original tax or $5,000 of increased tax.
This is not every office but a couple of the offices started implementing a policy that if the taxpayer agrees and can full pay the liability they will waive the penalty. I have also had success in self-prepared returns by letting the auditor know that the taxpayer is either not going to file their returns without help in the future or they are going to get educated so that they can file an accurate return. As for professionally prepared returns, as long as the
taxpayer has provided the correct information to the preparer and the preparer does not prepare a good return, than in that case we can always blame the preparer. I know this may sound a little harsh but if you are doing your best as a preparer then this is not going to affect you. On the other hand, we all see returns that are poorly prepared and the taxpayer is counting on the preparer to keep them out of trouble, when these types of returns are audited and liabilities occur it should not be the taxpayer's problem.
Alan Pinck EA
Contact me at alan@apinckandassociates.com.
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EAs in the Community
We have several MSEA members participating in various outreach activities. If you have given a presentation, been interviewed by a reporter, assumed a leadership role in your community or worked to promote Enrolled Agents, in general, we want to know.
In June, Tori Charvez EA (MSEA President) was very busy. She presented an Ethics seminar to the California Society of Tax Consultants on June 15, a Sales Tax seminar to the Small Business Meetup in Mountain View and co-presented a Payroll seminar with EDD on June 16.
Cynthia Leachmoore EA was interviewed on KSCO in June on tax issues for Registered Domestic Partners (RDP). In July, she will speak at the MSEA luncheon meeting and teach a workshop in Santa Cruz on this topic.
Claudia Hill EA will be presenting a Spidell webinar on July 7 on responding to IRS notices. Forbes published an online article by Claudia in May on the taxation of high income taxpayers by the state of California. If you would like to read the article you can find it at http://blogs.forbes.com/irswatch/. CSEA Annual Meeting The 2011 Annual meeting for the California Society of Enrolled Agents (CSEA) was held in Pasadena the week of June 20. MSEA members attending the CSEA Annual and Board Meetings were Tori Charvez EA (MSEA President), Bob Davi EA (MSEA President Elect), Jessie Singh EA (MSEA Immediate Past President), Jill Mendenhall EA (CSEA Director), and Margy Dunn (CSEA Education Committee Chair).
The CSEA Officers were elected and the Board of Directors installed during this meeting.
Jean Nelsen EA is our 2011/2012 CSEA President. We look forward to her upcoming visit to
our chapter.
Volunteers Needed at IRS Forum
CSEA needs volunteers to set up, staff and breakdown the Booth-in-a-Box at the San Jose
IRS Forum. Set-up is on Monday, August 8, from 1:00-3:00pm. Staffing shifts are Tuesday, August 9, from 11:00am-1:30pm, 1:30-3:45pm, 3:45-6:00pm or Wednesday, August 10, from 10:00am-12:00pm or 12:00-2:00pm. Breakdown will be on Wednesday from 2:00-4:00pm. If you are attending the IRS Forum, have a break in your schedule and want to promote Enrolled Agents - we would appreciate your help. For more information or to volunteer contact Cary Steward at csteward@csea.org or (916) 366-6646.
Booth-in-a-Box
If you have not seen the Booth-in-the-Box, we will have one at the July luncheon meeting. MSEA purchased one to promote Enrolled Agents and MSEA at community and society events.
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| Welcome New Members
11/15/2010 Robert Francis McGrath, EA
11/24/2010 M Lynn Lorimer
12/02/2010 Barbara F Knirlberger, EA
12/08/2010 Stacy L Plummer, EA
12/15/2010 Frank T. Chen, EA
12/15/2010 Svetlana Ballow, EA
12/15/2010 Robert S. Dougherty, EA
12/15/2010 Jek F Yong, EA
12/27/2010 Fyrouse Basma, EA
12/28/2010 Carolyn R Battaini, CFP
01/04/2011 Mary H McDowell, EA
01/13/2011 Armine Kirakossian, EA
01/21/2011 Amandeed Kaur
01/21/2011 Rupal P. Wadher
01/21/2011 Hyobin Andrew Kim, EA
01/31/2011 Lee J Assaf, EA
02/10/2011 Lynn White
02/10/2011 Carmen Murillo
02/22/2011 Thomas P. Kearney, EA
03/04/2011 Adam Chong, EA
03/04/2011 Mona Dawn Edwards, EA
03/04/2011 Terri Goddard, EA
03/04/2011 Sang S. Han, EA
03/04/2011 Judith Kleinjan, EA
03/04/2011 Howard L. Lyons, EA, CFP
03/04/2011 John G. McEwan, EA
03/04/2011 Ted Reyes, EA
03/04/2011 Marion B. Wallof, EA
03/04/2011 James C. Wells, EA
03/16/2011 Nina T. Kickhofel
05/23/2011 Christina Andrade
05/25/2011 Jacqueline DiSalvo
06/14/2011 Lina Van Scherrenburg, EA
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Committee Meetings
PIA Committee Meeting
When: Friday, July 15, 2011
11:30 am -12:30 pm
Location: Mama Mia's Restaurant
200 Hamilton Avenue
Campbell, CA 95008
(408) 379-3333
Attendees: All members are welcome!
RSVP Requested
For more info: Contact Richard DeVaney at richard@goldenstatetaxservice.com
or at 408-866-9829
Education Committee Meeting
When: Wednesday, July 13, 2011
9:30 am-11:00 am
Location: Telesky-Hernandez Offices
2095 Park Avenue
San Jose Ca 95126
Attendees: All members are welcome!
For more info: Contact Myra Thomson at Myra.J.Thompson@intel.com
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Classifieds
_______________________________________________________________________
Certified Financial Planner
PAM FLOURNOY, CFP®
Personal Financial Planning
Willow Glen, San Jose
408-271-8800
Pam Flournoy, CFP® provides planning advice to help your clients:
- Determine their appropriate financial decisions,
- Recognize pitfalls and mistakes, and
- Implement more effective financial solutions.
Successful long range financial planning and management, especially in these turbulent times,
requires an experienced financial operator. They must be able to identify trends as they are
forming, and find the best ways to take advantage of market conditions while staying true
to the client's long term planning objectives.
Equally importantly, however, the successful financial manager is someone who truly
understands what their clients want to achieve in life, how they prioritize
wealth vs. stability vs. risk vs. intangible needs. Pam Flournoy understands this is what
makes a good financial manager great.
At the end of the day, it's not just about making money; it's about achieving what you
want to in life, and knowing you have done the hard work to make it last. We believe
an educated woman is one of our best customers and we work to provide more education
for them.
Pam Flournoy's investment advisory minimums are lower than most.
I would like for you to add our firm to your list of people to use as a sounding board for
your tougher financial decisions.
Securities and Financial Planning offered through LPL Financial, A Registered Investment Advisor, Member FINRA/SIPC
For a list of states in which Pam is registered to conduct securities business,
please call 408-271-8800, or visit
www.pamflournoy.com
________________________________________________________________________________
Practice Wanted
EA Interested in purchasing tax and/ or accounting practice to add on to current practice.
________________________________________________________________________________ Tax Practice for sale
Retiring EA with approximately 700 clients desires experienced EA/CPA to buy growing year round tax practice.
Renewable lease, and great location in the City of Campbell.
Seller will assist during transition.
Contact Jon at: (408)377-9703 or EMAIL:
jonfield@pacbell.net
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Mission Society of Enrolled agents is a chapter of the California
California Society of Enrolled agents is a Chapter of the
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