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Central Valley Chapter Two-Part In-Person Meeting 9.27.22
Holiday Inn Express
4300 Bangs Ave
Modesto, CA 95356
Tuesday, September 27, 2022, 2:00 PM - 8:00 PM PDT
Category: Chapter Meetings

Two-Part Meeting: The Nuts & Bolts of Inspecting a Tax Return for Accuracy and CA Tax Updates
Central Valley Chapter In-Person Meeting

Date/Time:

Tuesday, September 27, 2022
Part One: The Nuts & Bolts of Inspecting a Tax Return for Accuracy - 2:00 PM to 5:30 PM
Part Two: CA Tax Updates - 6:00 PM to 8:00 PM 

Location:

CHANGE OF LOCATION!
Holiday Inn Express
4300 Bangs Ave
Modesto, CA 95356

Topic: 

Part One: The Nuts & Bolts of Inspecting a Tax Return for Accuracy
The Nuts & Bolts of Inspecting a Tax Return for Accuracy (Especially for new clients coming to you) will cover:A sample inspection of various tax returns, What are the most common issues on a tax return, Who is responsible for filing an amended tax return, Long term rental properties- is the person a real estate professional, Requiring records and statements IRC Section 6001, Operating a business, Gross receipts/sales IRC Section 61, Business expenses IRC Section 162, Other IRC code sections, Business Start-up costs IRC Section 195 & 248, Organizational expenses IRC Section 248, Is it a business or activity not-for-profit "hobby" IRC Sec. 183, Depreciation allowed or allowable IRC Sec. 167, Contract labor vs Employee- EDD EI Code Sec 621, and General rules for expenses.

Part Two: CA Tax Updates
We will be covering the following topics:

  • Overview of the Taxpayers’ Rights Advocate’s Office and how we may assist you
  • Legislative Matters
  • Current/Trending Issues
  • How Best to Communicate with the FTB

Presenters:

Part One: Anthony Bustos, EA
FORMER IRS REVENUE AGENT: Anthony D. Bustos, EA, graduated from CSU-Fullerton with a BA in Business Administration-Accounting. Mr. Bustos was employed by the IRS for several years as a Revenue Agent auditing individuals, businesses, corporations, and partnerships as well as researching tax laws, court cases and revenue rulings. He represents clients before the IRS and FTB in audit, special problems and collection matters such as the release or modification of wage levies, payment agreements, and hardships. He provides tax preparation and planning for corporations, partnerships, sole proprietorships, and individuals. He appeared on Trinity Broadcasting Network’s televised “Battlelines” program and has been a speaker to the Riverside Tax Consultants Association, and the California Society of Accounting and Tax Professionals. Anthony was the President of the California Society of Tax Consultants from 2006 to 2008. 

Part Two: Janie Tran Technical Advisor to the Advocate Taxpayers' Rights Advocate's Office
Janie Tran has been with Franchise Tax Board (FTB) for over 35 years. Prior to joining the Taxpayers' Rights Advocate's Office, Janie provided excellent customer service for the State of California as an Auditor, Technical Lead, Hearing Officer, and subject matter expert for pass-through entities, personal income and business entity taxes. Janie served as FTB’s liaison to the Board of Equalization Chair where she participated in education and outreach activities in conjunction with her primary role as the Tax and Policy Advisor for income , franchise and sales tax appeals. She also has several years' experience as a project analyst and supervisor where she led audit discovery projects and a variety of collection and filing enhancement initiatives. In addition to her technical experience, Janie spent six years as an Administrator in FTB's collection and filing programs. Janie is a graduate of Sacramento State University with a Bachelor of Science Degree in Business Administration, with an emphasis in Accounting.

CPE Information:

Part One
4 Federal Law hours (Topics covering existing tax law)

IRS: 18QC1-T-01726-22-I
CTEC: 1000-CE-5142

Knowledge Level: Intermediate (Basic knowledge helpful)

Part Two
2 California hours (Topics covering California law issues)

IRS: N/A
CTEC: 1000-CE-5143

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Part One ONLY
Registration Fee (Member): $55
Registration Fee (Non-Member): $85

Part Two ONLY
Registration Fee (Member): $40
Registration Fee (Non-Member): $70

BOTH Webinars
Registration Fee (Member): $70
Registration Fee (Non-Member): $100

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.