Two-Part Meeting: Daycare in the Home: Schedule C AND Virtual Currency
Central Valley Chapter In-Person Meeting

Date/Time:

Tuesday, July 26, 2022
Part One: 2:00 PM to 5:30 PM
Part Two: 6:00 PM to 8:00 PM

Location:

NEW LOCATION! Residence Inn Modesto North
2901 Healthcare Way
Modesto, CA 95356

Topic: 

Part One:
Schedule C Daycare Business both in the home and if the taxpayer rents a separate building. For those who use their home either fully or partial for daycare business, we will discuss Form 8829 and the unique characteristics of this business deduction. The will include a discussion of the Depreciation of homes, improvements, and equipment for the business. We will explore the business use of the taxpayer's personal car for child care. Finally self-employment tax on net income and the importance of record keeping.

Part Two:
The very popular new millennial investment portfolio is causing waves in the tax industry. Many taxpayers were not aware of the reporting documents that were available in their various portfolio sites. It became evident that this new underground investment plan was no longer underground as tax professionals began to ask for documentation of transactions. In this course, attendees will discuss the various portfolios and view some of the forms presented. We will explore the tax consequences they present. Audience participation will be involved to share experiences to help us maneuver through these tax situations.

Presenter(s):

Sandra Stolich and Katie Zollo
Sandra Stolich: In the fall of 1992, I saw an H & R Block ad offering a tax school at the local office. During this brief 10-week course I was intrigued by this profession. Soon after, I purchased a client list from an office that was closing. At that time, all 20-30 returns were done by hand. On New Year’s Eve 1997, I submitted a resume to the H & R Block local office and was hired. This began an 8 year journey into computer generated tax returns and meeting fascinating clients along the way. In May of 2004, I open my private tax and bookkeeping practice and thoroughly enjoyed the world of self-employment. I passed the S.E.E. in 2005 and became an enrolled agent. Feeling the need to be a part of a larger family, in 2007, I discovered the Liberty Tax franchise system. I quickly faced challenges of multiple stores, employees, more complex tax returns, and tax law changes. In 2008, I became one of Liberty’s online basic California tax course and federal Rapid course trainers. Then in 2015, while still operating my two offices, I was hired as Corporate Tax School Coordinator for Liberty, handling all state tax education licensing and online instruction.

CPE Information:

Part One:
4 Federal Law hours (Topics covering existing tax law)
IRS: 18QC1-T-01685-22-I
CTEC: 1000-CE-5094

Knowledge Level: Intermediate (Basic knowledge helpful)

Part Two:
2 Federal Law hours (Topics covering existing tax law)
IRS:18QC1-T-01686-22-I
CTEC: 1000-CE-5095

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Part One ONLY
Registration Fee (Member): $50
Registration Fee (Non-Member): $80

Part Two ONLY
Registration Fee (Member): $35
Registration Fee (Non-Member): $65

BOTH Parts
Registration Fee (Member): $65
Registration Fee (Non-Member): $95

Registration:

Please call De Vaney Business Services at 209-524-4345 or email [email protected] to register for this meeting. 

Cancellation and Refund Policy for Meeting 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.