1099K's and Employee Retention Credit Scams; What you Need to Know
Temecula Valley Chapter In-Person Meeting

Date/Time:

Wednesday, June 7, 2023
5:30 PM to 8:00 PM

Location:

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

Topic: 

We will discuss the latest updates, how this information return will help Taxpayers prepare accurate reports to increase voluntary compliance for IRS. We will identify Who is required to report these payments. What to do when you sell personal goods at a loss and how to calculate personal sales at a gain. What to do when your clients have mixed gains and losses Employee Retention Credit Scams Employee Retention Credit (ERC) is a legitimate credit that has provided a financial lifeline to millions of businesses and exempt organizations. However, promoters aggressively mislead people and businesses that are not eligible into believing they can claim these credits when, in fact, they are not eligible. Improperly claiming the ERC could result in taxpayers being required to repay the credit along with penalties and interest.

Presenter:

Lisa Hamilton, Department of Treasury Stakeholder Liaison
Lisa is a Stakeholder Liaison with the Internal Revenue Service, Small Business/ Self-Employed Division. Her duties include working as a relationship manager for small business owners and the practitioner community. She has held a variety of other positions with the agency, including an Appeals Officer for the Appeals Division, a Tax Compliance Officer for the Examination Division, and a Revenue Officer for the Collection Division. Lisa attended Cal State Los Angeles where she studied Accounting and Economics. She has utilized her skills as a presenter to various organizations and extensive volunteer efforts at VITA sites. She has also served at disaster relief sites on behalf of IRS.

CPE Information:

2 Federal Tax Update hours (Topics covering new tax law)

IRS: 18QC1-U-01833-23-I
CTEC: 1000-CE-5260

Knowledge Level: Update (Information on new tax laws)

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.