Hands on 1120s & CA 100s Tax Preparation
Temecula Valley Chapter Meeting

Date/Time:

Wednesday, August 2, 2023
5:30 PM to 8:00 PM

Location:

Richie's Real American Diner
40651 Murrieta Hot Springs Rd
Murrieta, CA 92563

Topic: 

The class will include a look at:
- Cash vs Accrual differences
- Understanding financials
- Answering, where does that number go
- Payroll vs shareholder distributions
- Completing, the often ignored, schedule L
- How to balance a tax return -Federal and State differences
- K1 federal vs CA-Basic tax planning for your business client.

This is a basic hands-on class helping beginners to complete a simple corporate tax return with some schedules. This can also be helpful to other preparers that tend to ignore the schedule L. Please bring a pencil and 2022 forms 1120s & 100s.

Presenter:

Sally Freyre, EA
Sally Freyre has been in the Accounting and Tax profession since 1988. After college, she started her career working for large corporations including McDonnell Douglas, Kraft General Foods and The Toro Company. She ended that phase of her profession as a Controller of a billion dollar privately held company in the Agricultural industry, fulfilling a personal desire to learn more about AG. She then started her practice from scratch in 2005 and found her real passion. She became an Enrolled Agent and an Advanced QuickBooks ProAdvisor. Her firm specializes in assisting small to medium size businesses in all areas of Accounting, Tax Preparation, business guidance and planning for the future. Sally is a California native but has explored many countries and all the states except Alaska….(coming soon…she hopes). Her heart is also in Missouri were she and her siblings own a functioning farm which has been in her family for a century. She is married and has 4 children and 2 grandchildren.

CPE Information:

1 Federal Law hours (Topics covering existing tax law)
1 California hours (Topics covering California law issues)

IRS: 18QC1-T-01857-23-I
CTEC: 1000-CE-5287

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Registration Fee (Member): $38
Registration Fee (Non-Member): $68

Cancellation and Refund Policy for Webinar Purchase: 
Written cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.