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In This Issue...
- From the CSTC President
- October Events
- 2022 Virtual Fall Forum
- October Wednesday Webinar
- Save the Date for the 2023 Summer Symposium
- 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.
TaxMama's® EA Exam Course prepares tax professionals to do so much more than just pass the IRS' Special Enrollment Examination. This is an in-depth course that teaches tax law from the ground up. It explains how tax returns work, with examples of basic 1040s, Schedule Cs, 1065s, 1120s, and 1120Ss; you learn tax law, tax research, client representation for audits, appeals and collections.
If you are interested in buying or selling a practice, contact us today! ATB is operated by Enrolled Agents ensuring a complete understanding of our profession. Please give us a call at (855) 428-2225 or visit us online at www.ATBCAL.com for more information and to view our current listings.
CA DRE 02002824
CSTC Mission Statement
CSTC advances professionalism within the tax industry by:
- Providing quality education
- Creating networking opportunities
- Advocating professional standards
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President's Column
18…19…20! I relax my arms and put down the weights. I grab a sip of water and then start the next set. Lunge and twist, plank taps, chest press. And on. And on. And on.
I’m in the gym working out with my new trainer, Ingrid. I had been training twice a week for several years when the pandemic hit. At first the gyms were closed. Then they opened, but I wasn’t comfortable with being indoors. So I worked out at home, and it was okay.
Eventually, two years passed, I was vaccinated and boosted, but I still hadn’t gone back to the gym. I was still exercising at home, but somehow the intensity was fading. It was becoming easier and easier to shorten or put off the time to exercise. So finally I made the call and signed up again for sessions with a trainer. And once again, those familiar sensations return – sweat, exhaustion, sore muscles, along with satisfaction and a sense of accomplishment.
The best part is that I have more energy and the desire to move. I keep my desk in the standing position more often. I work in the garden. I walk my dog. And, surprisingly, I’m energized to work! I move to finish those tax returns that have been languishing. And I begin to address those little tasks I keep putting off. I feel my procrastinating tendencies decreasing. And it feels good!
As I continue to exercise, I begin to see some results in addition to the increased energy – less soreness, more flexibility, and more strength. But the best compliment comes from my grandson. He and his sister are playing together, seeing who is the strongest. My grandson comes up to me and says, “Let me feel your muscles, Grandma.” I gamely flex my biceps and let him feel. “Wow! Grandma’s hard!” he says. I’m surprised and pleased. All my hard work has paid off!
Then my granddaughter puts it in perspective. “Grandma,” she states, “has cranberry sauce muscles.” I look at her quizzically. “What in the world are cranberry sauce muscles?” She explains, “Some parts are hard, but most of it is soft!” LOL! Out of the mouth of babes….
May you also enjoy energy, strength, and the refreshing honesty of children!
Linda Dong
CSTC President
Calendar of Events
October 2022
October 5, 2022
Topic: Back to Basics: A Start to Finish Individual 1040 Review
San Jose Chapter Virtual Meeting
2 Federal Law hours (Topics covering existing tax law)
Click here to learn more and register
Topic: Appealing Decisions - Audit, OIC, Tax Court, Bankruptcy Court, Federal District Court
Temecula Valley Chapter In-Person Meeting
2 Federal Law hours (Topics covering existing tax law)
Click here to learn more and register
Topic: Ethics
San Francisco Bay Chapter Virtual Meeting
2 Ethics hours (Topics meeting the ethics requirements under Cir 230)
Click here to learn more and register
October 6, 2022
Topic: CA Tax Law Update for CTEC Registered Preparers
North County San Diego Chapter Virtual Meeting
2 California hours (Topics covering California law issues)
Click here to learn more and register
Topic: Tax Planning
San Gabriel Valley Chapter In-Person Meeting
2 Federal Tax Update hours (Topics covering new tax law)
Click here to learn more and register
October 12, 2022
Topic: The IRS Investigation--Assisting Taxpayers with Resolution
Orange County Chapter In-Person Meeting
2 Federal Law hours (Topics covering existing tax law)
Click here to learn more and register
October 13, 2022
Topic: Ethics
North County San Diego Chapter In-Person Meeting
2 Ethics hours (Topics meeting the ethics requirements under Cir 230)
Click here to learn more and register
October 17, 2022
Topic: Establishing Corporation, Focus on C Corp and S-Corp
Orange County South Chapter In-Person Meeting
1 Federal Law hour (Topics covering existing tax law)
1 California hour (Topics covering California law issues)
Click here to learn more and register
October 19, 2022
Wednesday Webinar
Topic: Business Tax Credits & Incentives Update
1 Federal Law hour (Topics covering existing tax law)
1 California hour (Topics covering California law issues)
Click here to learn more and register
Topic: Tax Planning After the Death of a Spouse
San Jose Chapter Virtual Meeting
1 Federal Law hour (Topics covering existing tax law)
1 California hour (Topics covering California law issues)
Click here to learn more and register
Topic: The Taxman Always Rings Twice
Inland Empire Chapter In-Person Meeting
1 Federal Law hour (Topics covering existing tax law)
1 California hour (Topics covering California law issues)
Click here to learn more and register
Topic: Tax Update - Cost Segregation Benefits
Los Angeles Chapter In-Person Meeting
Hours TBA
Click here to learn more
October 20, 2022
2022 Virtual Fall Forum (class one of four)
Topic: S Corporations – From Incorporation to Dissolution
Each class during this seminar is 3 Federal Tax Law Hours
Click here to learn more and register
Topic: CA Update-California Campfire Stories
San Diego Chapter In-Person Meeting
2 California hours (Topics covering California law issues)
Click here to learn more and register
October 24, 2022
2022 Virtual Fall Forum (class two of four)
Topic: S Corporations – From Incorporation to Dissolution
Each class during this seminar is 3 Federal Tax Law Hours
Click here to learn more and register
October 25, 2022
Topic: Two-Part Meeting
Central Valley Chapter In-Person Meeting
Hours TBA
Click here to learn more
Topic: Charitable Contributions and Nondeductible Contributions
Orange County South Chapter Virtual Meeting
2 Federal Law hours (Topics covering existing tax law)
Click here to learn more and register
Topic: Prop 19 and Business Personal Property
Sacramento Chapter In-Person Meeting
2 California hours (Topics covering California law issues)
Click here to learn more and register
October 26, 2022
Topic: 1031 Exchanges
Wine Country Chapter In-Person Meeting
2 Federal Law hours (Topics covering existing tax law)
Click here to learn more and register
October 27, 2022
2022 Virtual Fall Forum (class three of four)
Topic: S Corporations – From Incorporation to Dissolution
Each class during this seminar is 3 Federal Tax Law Hours
Click here to learn more and register
Click here to view the CSTC calendar.
2022 Virtual Fall Forum
S Corporations – From Incorporation to Dissolution
Each class during this seminar is 3 Federal Tax Law Hours
Dates: October 20, October 24, October 27, and November 1, 2022
Time: 4:00 - 7:00 PM PST
Join us as we use a comprehensive case study to follow a company from incorporating a sole proprietorship to electing S status through several years in business and finally to dissolving the corporation and distributing the assets. We’ll cover many topics along the way, including balance sheets, Section 351 tax-free incorporation, S elections, stock and debt basis, Form 7203, and, of course, Form 1120S.
IMPORTANT: Every class will be recorded and the materials will be available before and after class. If you miss a class, you will still receive the recording and materials, but you will not receive credit.
Location:
Online Meeting via Zoom
This will be Zoom Meeting. Once you register and pay, the Zoom link will be provided for you to log in at the designated meeting time. Zoom requires registration before entering the meeting.
Registration (includes all four classes):
Cost:
Member: $295
Non-Member: $360
Business Tax Credits & Incentives Update
10:00 AM to 12:00 PM PST
Cost: Member: $30 / Non-Member: $60
Wednesday, October 19, 2022
Speaker: John Langreck, CPA
1 Federal Tax Law hour, 1 California hour
IRS: 18QC1-T-01725-22-O
CTEC: 1000-CE-5141
Knowledge Level: Basic
Location:
Online Meeting via Zoom
This will be Zoom Meeting. Once you register and pay, the Zoom link will be provided in your confirmation email for you to log in at the designated meeting time. Zoom does require registration before entering the meeting.
Description:
Tax credit and incentive programs offer significant savings opportunities but are rarely utilized. This presentation will provide an overview of the most significant federal and California tax credits and incentives available to business taxpayers. Attendees will learn how to identify qualifying activities to claim the following:
• R&D Tax Credit
• Work Opportunity Tax Credit
• GO-Biz tax incentives
• Small Business Health Care Tax Credit
• Opportunity Zones
• COVID tax relief
• California Employment Training Panel (ETP)
Save the Date!
The 2023 Summer Symposium will be held June 11 - 14, 2023 at the Sahara Hotel in Las Vegas, Nevada
More information coming soon!
Welcome New CSTC Members!
Please help us in joining our newest CSTC Members!
Hasyim Afiff
Sacramento Chapter
Paula Carter
Central Valley Chapter
Monte Fields
Orange County Chapter
Karla Hernandez
San Gabriel Valley Chapter
Rosmery Lazo
San Jose Chapter
Vananh Le
San Jose Chapter
Kenneth Marple
Central Valley Chapter
Emily Mcewan-Upright
San Jose Chapter
Bertha Gamez
San Diego Chapter
Jo Ann Stoltz
Sacramento Chapter
Gabriela Ochoa-Garza
San Jose Chapter
Angela Pitman
Member-at-Large
Erica Rodriguez
Orange County Chapter
Teresa Sanchez
Los Angeles Chapter
Kacy Somers
Temecula Valley Chapter
Robin Soth
San Diego-North County Chapter
Du Tang
Orange County Chapter
Tika Timsina
Orange County Chapter
Surekha Vaidya
Member-at-Large
Congratulations to our new CSTC members!
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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