2021 Virtual Fall Forum

This Seminar will take place every Monday and Thursday, November 1 - 18, 2021
4:00 - 7:00 PM PST

Learn how to prepare business tax returns, from balance sheets to basis.

Whether you’re savvy about Sub-S or perplexed by Partnerships, this six-part series has something for you!

In this hands-on course, you will learn everything you need to know to prepare a simple business return, including: 

  • The different business entities and their peculiarities 
  • Income Statements and Balance Sheets, the financial statements needed to prepare a business return 
  • How to calculate basis, and how to handle distributions 
  • How to prepare the return step by step, and how to check that it’s correct 

We will cover C Corporations, S Corporations, and Partnerships and LLCs. 

Topics Covered:

  1. Introduction to Accounting – Income Statements and Balance Sheets
  2. Overview of business entities
  3. 1120 - C corporations
  4. 1120S – S corporations
  5. 1065 – Partnerships & LLCs
  6. Basis – S corporations and Partnerships/LLCs

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.

Presenters: Ruth H Godfrey, EA and Linda Dong, EA

Ruth Godfrey, EA
Ruth Godfrey has been an Enrolled Agent since 1984. She owned her own tax practice from 1981‐2002, formed a partnership in 2001and then incorporated in 2005. She has been a member of the Inland Empire Chapter of CSTC since 1981, and has served CSTC as President of both her Chapter and the Society.She is currently Parliamentarian for CSTC, Chairman of the Audit Oversight Committee for CTEC, and Secretary‐Treasurer for the National Society of Accountants (NSA). Her college major in Psychology has helped her with the counseling needed to guide her clients. She finds real estate one of her favorite areas of tax preparation. Ruth was an active real estate licensee for several years specializing in 1031 exchanges. She prepares approximately 325 individual, business, trust and 990 returns annually. Some actually correctly.

Linda Dong, EA
Linda Dong graduated with honors from the University of Illinois in Chicago with a degree in Accounting. She went to work for the IRS, where she received a very thorough training in taxes and began auditing corporations. Not liking the adversarial relationship inherent in tax audits, Linda left the IRS and started a tax and accounting practice from her home. She grew her practice to include four employees, but eventually downsized and is now once again a sole practitioner working out of her home office. She provides tax and accounting services to individuals, small businesses, and nonprofit organizations. Linda has been an Enrolled Agent (EA) since 1982. Her credentials from the Accreditation Council of Accountancy and Taxation include Accredited Business Accountant (ABA) and Accredited Tax Advisor (ATA). She is a QuickBooks ProAdvisor and frequently teaches classes in accounting and tax to other professionals. Linda is currently serving as First Vice President of the California Society of Tax Consultants and Secretary-Treasurer of the Wine Country Chapter.

CPE Information:

Each class during this seminar is 3 Federal Tax Law Hours

IRS: 18QC1-T-01401-20-O
CTEC: 1000-CE-4806

Knowledge Level: Basic (No prior knowledge expected) 

Registration (includes all six classes):

Before 10/15/21
Member: $295
Non-Member: $360

After 10/15/21
Member Late Registration Fee: $320
Non-Member Late Registration Fee: $385