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In This Issue...
- From the President
- AB 1140 - Thank you for your support!
- 2020 Summer Symposium Schedule!
- CSTC Member Benefit – VeriFyle Pro
- February 2020 Chapter Events
- Welcome New CSTC Members
- Legislative Advocacy
- News from the IRS
- Join CSTC!
CSTC Member Benefits
CSTC members have access to benefits such as free payroll processing services for your tax practice, and the opportunity to earn new revenue through their flexible partnership options.
CSTC is pleased to include the VeriFyle ProTM premium secure online document and message sharing service at no cost to CSTC members!
Wolters Kluwer: Discounts on Tax, Accounting & Audit Resources, Software, Information & Services.
CSTC members receive the TaxBook WebLibrary at a special price
Other Member Benefits Include:
$ Savings on all Society Educational Events
$ Savings on Contact, Correspondence & Self Study Education
$ Savings with member specialty CSTC Connects (previouslyYellow Pages) list
$ Savings with E & O Insurance, plus specialty coverage relevant to your profession
$ Online CSTC Find-a-Tax Consultant search to help promote your business!
$ CSTC Member Listserv
Office Depot has partnered with us to provide exclusive savings in-store and online, plus fantastic additional benefits. This program is all about providing preferred pricing to our clubs, and the savings extend to almost every item.
Savings include 20% to 55% off item office supply core list, 20% to 55% off retail on cleaning & break room items, 10% off branded; 20% off private brand ink & toner core list, Average 10% off retail on 200 technology core items, Free next-day shipping on orders of $50 or more, and SIGNIFICANT savings on copy & print. Become a CSTC member to sign up for our Office Depot Small Business Savings Program, administered by Excelerate America.
We are a professional full-service tax advisory firm in San Diego. Our goal is to provide a level of service for our clients that will exceed expectations in every possible way. We strive to offer a diverse level of services to meet the needs of the diverse community we have been working in for more than 30 years.
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CA DRE 02002824
CSTC Mission
CSTC advances professionalism within the tax industry by:
- Providing quality education
- Creating networking opportunities
- Advocating professional standards
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From the President
SEASONS
Winter is always followed by spring. Spring is followed by summer. Next, fall  puts an end to summer too quickly for most of us. Our lives, like seasons, cycle in the same way. It seems that most things do. During particularly challenging times, perhaps related to money health, family, job, or over-stretched time schedule, it helps to keep in mind that spring always follows winter. Winter never lasts forever and spring always comes. Some winters are longer than others, some are shorter, but they end. I can remember being comforted during rough times by my father in law Alan who would tell my wife Cheryl and me to remember that the saying says “and it came to pass”, not “and it came to stay”.
Tax season is the same way. It will end. Spring will come. Can we avoid our “winters”? I don’t think so. During our “winters” we struggle more than in our “summers”, but we learn and grow during struggle. Isn’t it true that there is always some “winter” going on in our lives? Don’t we all have struggles and challenges going on all the time? Yes we do! It’s what we do as human beings. We struggle through the hard things so we can grow and enjoy the “summers” in our lives. Perhaps, while we are suffering through our own personal winter, we can find joy in someone else’s summer.
Can we relate this to tax season? Sure! As tax professionals, tax season can be winter or summer. It is winter because of the extra deadlines and increased work load, but that means more money to enjoy during the summer that will surely follow. Also, you are helping your clients through their winter. Do you think clients like tax season? Or, is it a winter for them because they are freaking out over the extra work they have to do to get records, so many new records, together for you. Maybe they are freaking out over the possibility of a tax bill due to all the changes that they are hearing about on every news channel. Well, it’s your chance to turn their winter into spring by their knowing that you are in their corner and that you have your tax toolbox ready to put to work for them.
Keep in mind, “and it came to pass” not “and it came to stay”. This tax season will succumb to spring. It always does. Enjoy the journey and help as many people as you can along the way.
Thanks for all you do for your clients, or our tax industry, and for CSTC.
Your friend,
Gary Quackenbush, CSTC President
AB 1140
THANK YOU FOR YOUR SUPPORT!
Thank you! Thank you! Thanks to all of you who wrote letters, made calls, spoke to your friends and clients, and even attended legislative hearings in opposition to AB 1140.
A special thanks to Karen DeVaney from CSTC Modesto who attended the Assembly hearing on behalf of CSTC. Way to go and thank you, Karen!
CSTC issued an opinion letter when AB 1140 first came before the California Assembly. We recently reissued our opinion letter, thanks to Rod Couts, Linda Beckett, Ruth Godfrey, Jenn Baker, and others who helped review the drafts so we could get it filed prior to the assembly hearing on January 23, 2020.
It was awesome to see how many of you called your assembly representatives to express your opposition to the Bill. It was wonderful to see other organizations joining the fight to stand with CSTC.
National Society of Accountants and CSEA got word to their members, our fellow tax professionals, in time for many of them to make calls.
The fight is not over. PLEASE watch your emails as CSTC provides updates. PLEASE respond or take action requested when you are asked to do so by CSTC.
Keep up the good fight!
Gary A. Quackenbush
CSTC President
2020 Summer Symposium Schedule!
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Sunday, June 7, 2020
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| 3pm |
Registration Opens; Exhibitor Set-up |
| 5:20pm-6pm |
Welcome Reception for First Time Attendees |
| 6pm-9pm |
Welcome Dinner
This event is family friendly.
(Included with full registration. Guest registration is $40) |
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Monday, June 8, 2020
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| 6:30am-5pm |
Registration and Exhibits |
| 7:30am-9:00am |
Session 1: IRS Keynote Presentation and Breakfast
Speaker TBA |
| 9:15am-10:05am |
Breakout Sessions (all sessions will continue after the break): |
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Session 2: 199A - Maximizing QBI
Jane Ryder, EA, CPA
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Session 3: IRS Installment Agreements: A to Z
Veronica Marelli
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Session 4: Real World Audits: Not just the "Rules"
Paul Kent
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Session 5: Dear Younger Me - (Series - Sch A, Sch C, Sch E)
Claudia Stanley, CPA, EA
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| 10:05am-10:20am |
Break with Exhibitors |
| 10:20am-12:00pm |
Breakout Sessions (continued from before the break): |
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Session 2 Continued: 199A - Maximizing QBI
Jane Ryder, EA, CPA
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Session 3 Continued: IRS Installment Agreements: A to Z
Veronica Marelli |
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Session 4 Continued: Real World Audits: Not just the "Rules"
Paul Kent |
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Session 5 Continued: Dear Younger Me - (Series - Sch A, Sch C, Sch E)
Claudia Stanley, CPA, EA |
| 12:00pm-1:20pm |
Lunch on own |
| 1:20pm-3:00pm |
Breakout Sessions: |
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Session 6: California Update – The latest and greatest (course repeated on Tuesday)
Karen Joyner, EA
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Session 7: Community Property State Tax Issues
Susan Tinel
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Session 8: Form 1041: A roadmap to preparing the fiduciary return
Monica Haven, EA, JD, LLM
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Session 9: Understanding Criminal Prosecution of Tax Crimes
Michael Blue
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| 3:00pm-3:20pm |
Break with Exhibitors |
| 3:20pm-5:00pm |
Session 10: Love and Marriage
Eva Rosenberg
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Session 11: Audit Reconsideration
LG Brooks, EA, CTRS
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Session 12: Employees After Dynamex, AB-5, and Beyond!
Frank Acuña, Attorney at Law
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Session 13: Secure Act – Part of the Further Consolidated Appropriations Act, 2020
Karen Joyner, EA
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| 5:00pm-6:00pm |
Reception with Exhibitors |
| 6:00pm |
Evening on Own |
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Tuesday, June 9, 2020
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| 6:30am-5pm |
Registration and Exhibits |
| 7:30am-9:00am |
Session 14: California Keynote Presentation and Breakfast
Speaker TBA
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| 9:00am-9:15am |
Break |
| 9:15am-10:05am |
Breakout Sessions (all sessions will continue after the break): |
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Session 15: Appealing Decisions - Audit, OIC, Tax Court, Bankruptcy Court, Federal District Court
Gary Quackenbush, Esq |
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Session 16: Business Entity Balance Sheets & Basis
Jane Ryder, EA, CPA |
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Session 17: LLC Classifications & Elections
Susan Tinel
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Session 18: Discovering the Life Cycle of a Non-profit Organization
David Easts, CRTP
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| 10:05am-10:20am |
Break with Exhibitors |
| 10:20am-12:00pm |
Breakout Sessions (continued from before the break): |
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Session 15 Continued: Appealing Decisions - Audit, OIC, Tax Court, Bankruptcy Court, Federal District Court
Gary Quackenbush, Esq |
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Session 16 Continued: Business Entity Balance Sheets & Basis
Jane Ryder, EA, CPA |
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Session 17 Continued: LLC Classifications & Elections
Susan Tinel |
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Session 18 Continued: Discovering the Life Cycle of a Non-profit Organization
David Easts, CRTP |
| 12:00pm-1:20 pm |
Lunch on own |
| 1:20pm-3:00 pm |
Breakout Sessions: |
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Session 19: Dealing with Intellectual Property After TCJA
Curt Harrington
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Session 20: S Corporation Taxation Issues
Cliff Leiker
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Session 21: California Update – The latest and greatest (REPEAT FROM MONDAY)
Karen Joyner, EA
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Session 22: Collection Due Process Tax Matters
LG Brooks, EA, CTRS
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| 3:00pm-3:20pm |
Break with Exhibitors |
| 3:20pm-5:00pm |
Session 23: What to Do With an A/B Trust That No Longer Makes Sense
Frank Acuña, Attorney at Law
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Session 24: Shannon's Hall of Tax Curiosities - Curiouser and Curiouser
Shannon Hall, EA
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Session 25: The Tax Consequences of Choice: Options, Futures, Rights & Warrants
Monica Haven, EA, JD, LLM
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Session 26: Rethink What you Know about Tax, Wealth & Business Exit Planning
Edward Cotney
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Wednesday, June 10, 2020
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| 6:30am-5pm |
Registration and Exhibits |
| 7:30am-9:00am |
Session 27: Breakfast Presentation - Reading Between the Lines - How to Identify What Your Client Hasn't Told You
Eva Rosenberg
Class to continue after the break |
| 9:00am-9:15am |
Break |
| 9:15am-10:05am |
Session 27 Continued: Breakfast Presentation - Reading Between the Lines - How to Identify What Your Client Hasn't Told You
Eva Rosenberg
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| 10:05am-10:20am |
Break with Exhibitors |
| 10:20am-12:00pm |
Breakout Sessions: |
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Session 28: IRA Fundamentals and the Post Secure Act World
Frank Acuña, Attorney at Law |
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Session 29: Filing the Non-Filer
Veronica Marelli |
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Session 30: Interest Income, Expense & Deductions for Individuals, Investment and Businesses
Jane Ryder, EA, CPA |
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Session 31: IRS Notices - Recognition & Response
LG Brooks, EA, CTRS |
| 12:00pm-1:20pm |
Lunch on Own |
| 1:20pm-3:00pm |
Session 32: Stump the Tax Experts
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| 3:00pm-3:20pm |
Break |
| 3:20pm-5:00pm |
Session 33: Tax Professional Issues - ETHICS
Gary Quackenbush, Esq
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| 5:15pm |
Grand Prize Drawing |
Registration will be live mid-February 2020
CSTC Member Benefit – VeriFyle Pro
Welcome to Tax Season 2019! I hope everyone has seen an ‘uneventful’ beginning to 2020 and that your tax season is going well.
After finishing my first Partnership return, I was disappointed that my software still doesn’t provide for eSignature of the eFile forms for business returns. eSignatures have been fabulous in the Individuals module – it streamlines the process of collecting signatures for eFiling. I thought I was going to have to print, mail, and await a return mailing to get my signed eFile forms for this Partnership return – but then something wonderful happened!
I’ve been using Verifyle for two years now; Verifyle is a secure portal for transferring documents between my firm and my clients – and currently IT’S FREE FOR ALL CSTC MEMBERS! CSTC negotiated a contract with Verifyle to provide their services to CSTC members in good standing at NO COST (FREE!) to the member.
When I uploaded the K1S to send digital copies to the Partnership members, I saw a new feature – well, new to me!. I’m now able to upload ANY document and request that document be signed and dated by the client. WOW! This was such a fabulous discovery! I’ll be utilizing this signature feature for many things…
- My engagement letter
- My organizer signature page
- My FBAR & CryptoCurrency questionnaire
- My Due Diligence questionnaires
I’m finding more and more of my clientele – even those that are seniors – are enjoying the opportunity to NOT run to the post office to pick up mail and to INSTEAD login to Verifyle and complete their tax return with me electronically.
If you haven’t yet checked out your FREE SUBSCRIPTION to Verifyle Pro, I encourage you to take it for a test drive. It’s user friendly and very intuitive to use; but if you need help, Verifyle offers free webinars with instruction. CSTC is here to help you and your business be successful – and you should take advantage of all the tools we offer…especially those that are FREE. Check it out at verifyle.com.
Jen Horton, EA
2nd Vice President, CSTC Board of Directors
February 2020 Chapter Events
February 2, 2020
Topic: Round Table Discussion
San Gabriel Valley Chapter Round Table
2 Federal Tax Law Hours
February 4, 2020
Topic: NCSD Round Table Luncheon
North County San Diego Chapter Meeting
1 Federal Tax Law Hour
February 5, 2020
Topic: What is New in California Employment Law on AB5
San Francisco Bay Chapter Meeting
2 California Hours
February 9, 2020
Topic: Round Tale Discussion - 2019 Tax return / Issues / Resolutions
Greater Long Beach Chapter Meeting
1 Federal Update Hour
1 California Hour
1 Federal Tax Law Hour
Topic: Sunday Brunch Round Table
Orange County Chapter Meeting
1 Federal Tax Law Hour
Topic: Cryptocurrency / Bitcoin
Central Valley Chapter Meeting
3 Federal Tax Law Hours
February 23, 2020
Topic: Round Tale Discussion - 2019 Tax return / Issues / Resolutions
Greater Long Beach Chapter
1 Federal Update Hour
1 California Hour
1 Federal Tax Law Hour
Topic: Sunday Brunch Round Table
Orange County Chapter
1 Federal Tax Law HourJanuary 11, 2020
Click here to view the CSTC calendar.
Welcome New CSTC Members!
Please help us in joining our newest CSTC Members!
Keith Arnett
Inland Empire Chapter
Norla Bettencourt
Central Valley Chapter
Veronica Childers
Temecula Valley Chapter
Dee Fix
Orange County South Chapter
Sheila Gansch
Temecula Valley Chapter
Sabrina Guerrero
San Francisco Bay Chapter
Patricia Mendoza
San Diego Chapter
John P. Moriarty
Greater Long Beach Chapter
Claude Ognibene
North County San Diego Chapter
Kaleen Riccio
San Diego Chapter
Rick Rojas
Greater Long Beach Chapter
Varinder Singh
San Francisco Bay Chapter
Eveline Tritsch
Orange County South Chapter
Jason Valiante
Orange County Chapter
Legislative Advocacy
CSTC has been the leading Association in supporting legislation to provide protection for our profession, to support our profession, and to enhance our profession. CSTC continuously leads our industry through legislative advocacy, educational opportunities, and professional inclusion.
CSTC works closely with a Legislative Consultant to keep an eye on important bills that would affect taxpayers and small business owners.
Please click here to view the bills that CSTC is currently monitoring.
Join the California Society of Tax Consultants!
Click here to fill out an online application.
CSTC advances professionalism within the tax industry by:
- Providing quality education
- Creating networking opportunities
- Advocating professional standards
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