2023 Sumer Tax Forum
Orange County South Chapter In-Person Seminar

Date/Time:

August 18 and 19, 2023
9:00 AM – 4:00 PM

Location:

Mission Viejo Swim & Racquet Club
26221 Tierra Circle
Mission Viejo, CA 92691

Agenda:

A bonus for the first day is the presence of an IRS Tax Advocate. Bring your tax problem to resolve by IRS TA. It will be an excellent opportunity to discuss tax issues with the IRS Tax Advocate one-on-one.

Friday, August 18, 2023

9:00 am – 9:50 am
Circular 230 and Ethics in Tax Practice: How You Can Stay Out of Trouble (Part 1 of 2)
IRS Speaker: LIONEL CARRILLO
Explain the structure and organization of the Office of Professional Responsibility and its role in regulating tax practitioners through the enforcement of Treasury Circular 230.
• Describe Circular 230’s definition of who is a practitioner
• Identify critical practice standards and your obligations to your clients and the IRS
• Cite to key requirements of Circular 230, including due diligence, competence, and establishment of procedures to ensure compliance
• Recognize best practices regarding recordkeeping and data security
• Administers the laws and regulations governing the practice of representatives before the IRS;
• Interprets and applies the standards of practice in Circular 230 for tax professionals in a fair and equitable manner
• Investigates allegations of misconduct by practitioners in their practice before the IRS and imposes disciplinary sanctions if warranted
• Supports the Service’s strategy of enhancing enforcement of the Internal Revenue Code (IRC) by ensuring tax practitioners adhere to professional standards and follow the law

1 Ethics hour (Topics meeting the ethics requirements under Cir 230)

IRS: 18QC1-E-01862-23-I
CTEC: 1000-CE-5293

Basic (No prior knowledge expected)

9:50 pm – 10:00 am
B R E A K

10:00 am – 10:50 pm
Circular 230 and Ethics in Tax Practice: How You Can Stay Out of Trouble (Part 2 of 2)
IRS Speaker: LIONEL CARRILLO
Explain the structure and organization of the Office of Professional Responsibility and its role in regulating tax practitioners through the enforcement of Treasury Circular 230.
• Describe Circular 230’s definition of who is a practitioner
• Identify critical practice standards and your obligations to your clients and the IRS
• Cite to key requirements of Circular 230, including due diligence, competence, and establishment of procedures to ensure compliance
• Recognize best practices regarding recordkeeping and data security
• Administers the laws and regulations governing the practice of representatives before the IRS;
• Interprets and applies the standards of practice in Circular 230 for tax professionals in a fair and equitable manner
• Investigates allegations of misconduct by practitioners in their practice before the IRS and imposes disciplinary sanctions if warranted
• Supports the Service’s strategy of enhancing enforcement of the Internal Revenue Code (IRC) by ensuring tax practitioners adhere to professional standards and follow the law

1 Ethics hour (Topics meeting the ethics requirements under Cir 230)

IRS: 18QC1-E-01862-23-I
CTEC: 1000-CE-5293

Basic (No prior knowledge expected)

10:50 am – 11:00 am
B R E A K

11:00 am – 11:50 am
1099K Payment Card and Third-Party Network Transactions - Understanding Your Form 1099-K and Third-party payment networks
Speaker: LIONEL CARRILLO
Third-party payment networks are required to file Form 1099-K with the IRS and provide a copy to the taxpayer when the gross payment amount is more than $600. Form 1099-K should not report gifts or reimbursement of personal expenses you received from friends and family. Who Sends Form 1099-K? Who Gets Form 1099-K? Reporting Threshold. What Shouldn't Be Reported on Form 1099-K? What to Do With Form 1099-K?

1 Federal Law hour (Topics covering existing tax law)

IRS: 18QC1-T-01863-23-I
CTEC: 1000-CE-5294

Basic (No prior knowledge expected)

11:50 am – 1:00 pm
L U N C H (provided)

1:00 pm – 1:50 pm
California Tax Update (Part 1 of 2)
FTB Speaker: JANIE TRAN
Access to Taxpayers’ Rights Advocate’s Office, Legislation, Current Issues , Communicating with FTB.  Discussion about FTB Tax Advocate assistance with a Tax Problem, The Taxpayer Rights Advocate (TRA) Intervention Criteria.  Discussion on the attempts to resolve your account through our normal channels, Complaint or problem that does not relate to business areas that are generally overloaded with work, such as return processing delays and call centers wait times Exception: When the delay creates an immediate economic hardship relating to a bank levy, wage garnishment or tax lien.

1 California hour (Topics covering California law issues)

IRS: N/A
CTEC: 1000-CE-5295

Basic (No prior knowledge expected)

1:50 pm – 2:00 pm
B R E A K

2:00 pm – 2:50 pm
California Tax Update (Part 2 of 2)
FTB Speaker: JANIE TRAN
Access to Taxpayers’ Rights Advocate’s Office, Legislation, Current Issues , Communicating with FTB.  Discussion about FTB Tax Advocate assistance with a Tax Problem, The Taxpayer Rights Advocate (TRA) Intervention Criteria.  Discussion on the attempts to resolve your account through our normal channels, Complaint or problem that does not relate to business areas that are generally overloaded with work, such as return processing delays and call centers wait times Exception: When the delay creates an immediate economic hardship relating to a bank levy, wage garnishment or tax lien.

1 California hour (Topics covering California law issues)

IRS: N/A
CTEC: 1000-CE-5295

Basic (No prior knowledge expected)

2:50 pm – 3:00 pm
B R E A K

3:00 pm – 4:00 pm
Introduction to Form 5695, Residential Energy Credits
IRS Speaker: LIONEL CARRILLO
Discussion on the Use and Purpose of Form 5695 to figure and take residential energy credits. Identify the nonbusiness energy property credit, and residential energy efficient property credit. Who can take the credits? Going over What’s New Residential clean energy credit. The residential energy efficient property credit is now the residential clean energy credit.

1 Federal Tax Update hour (Topics covering new tax law)

IRS: 18QC1-U-01864-23-I
CTEC: 1000-CE-5296

Basic (No prior knowledge expected)

4:00 pm
E n d  o f  D a y  O n e 

Saturday, August 19, 2023

9:00 am – 9:50 am
Foreign Earned Income Inclusion
Speaker: JERRIE MUIR
Discussion of FEIE, what type of income can be excluded from U.S. taxation, annual limitations, review of the Bona Fide Resident Test, Review of the Physical Presence Test, and use of the IRS Form 2555.

1 Federal Law hour (Topics covering existing tax law)

IRS: 18QC1-T-01865-23-I
CTEC: 1000-CE-5297

Basic (No prior knowledge expected)

9:50 am – 10:00 am
B R E A K

10:00 am – 10:50 pm
Lead Sheet
Speaker: JERRIE MUIR
Use of a Lead Sheet (Client Tax Organizer) to ensure accurate tax preparation, save time, instill client confidence, and updating the Lead Sheet based on tax law changes, both federal and state.

1 California hour (Topics covering California law issues)

IRS: N/A
CTEC: 1000-CE-5298

Basic (No prior knowledge expected)

10:50 am – 11:00 am
B R E A K

11:00 am – 11:50 am
Tax Audit Representation
Speaker: JERRIE MUIR
Preparing for an audit, securing Powers of Attorney, discussing retainers with clients, advocating for the client, taking reasonable positions, considerations for extending the Statute of Limitations, requesting a managerial conference, requesting appeals, reviewing the 90-day letter, and filing a petition in U.S. Tax Court.

1 Federal Law hour (Topics covering existing tax law)

IRS: 18QC1-T-01866-23-I
CTEC: 1000-CE-5299

Basic (No prior knowledge expected)

11:50 am – 1:00 pm
L U N C H (provided)

1:00 pm – 1:50 pm
Calculating Adjusted Basis / Sale of Stock
Speaker: JERRIE MUIR
Establishing basis for Capital Assets, reviewing the IRS Form 1099-B, considering basis adjustments, and reporting stock sales on IRS Schedule D.

1 Federal Law hour (Topics covering existing tax law)

IRS: 18QC1-T-01867-23-I
CTEC: 1000-CE-5300

Basic (No prior knowledge expected)

1:50 pm – 2:00 pm
B R E A K

2:00 pm – 2:50 pm
Rental Real Estate
Speaker: JERRIE MUIR
Discussion of reporting rental income, treatment of security deposits, reporting ordinary and necessary rental expenses, and reporting proper cost recovery for domestic and overseas real property.

1 Federal Law hour (Topics covering existing tax law)

IRS: 18QC1-T-01868-23-I
CTEC: 1000-CE-5301

Basic (No prior knowledge expected)

2:50 pm – 3:00 pm
B R E A K

3:00 pm – 4:00 pm
Sale of Residence
Speaker: JERRIE MUIR
Review of Settlement Statements, discussion of Capital Expenditures, Calculating Realized Gain, reporting Recognized Gain, qualifying for the IRC Section 121 Exclusion, and qualifying for the Partial Exclusion.  

1 California hour (Topics covering California law issues)

IRS: N/A
CTEC: 1000-CE-5302

Basic (No prior knowledge expected)

4:00 pm
E n d  o f  D a y  T w o 

About the Speakers:

Lionel A Carrillo, IRS Senior Stakeholder Liaison
Lionel Carrillo was selected as a Senior Stakeholder Liaison in 01/2022. As a Senior Stakeholder Liaison, he is responsible for providing his external partners a communications and outreach capability that promotes understanding of the agency’s mission and goals, promotes two-way dialogue, builds relationships with the tax professional community, government agencies, businesses and groups outside the tax community. The overriding goal is to help taxpayers understand and meet their tax responsibilities. Lionel has over 30 years of experience with the Internal Revenue Service. Lionel started his career working the phone lines, addressing tax law as well as tax account issues. It was during this time that Lionel was involved with VITA, managing outreach compliance programs with the cooperation of Exam and Collections, coordinating training, and assisting in disaster relief responses. Lionel has worked in Exam as well as Collections. Prior to joining Communication and Liaison, Lionel worked Offer in Compromise cases. While in Offer in Compromise, Lionel would work closely with Appeals, Tax Court, as well as Exam.

Jerrie Muir, EA
Jerrie Muir is an Enrolled Agent who previously worked for the Internal Revenue Service as a Tax Auditor, Internal Revenue Agent, and Stakeholder Relationship Tax Consultant. Jerrie has taught income tax, QuickBooks, and accounting classes at a number of Southern California community colleges. He has served in the U.S. Marine Corps and U.S. Army, and is a U.S. Army War College graduate.             

Jerrie has over 25 years of teaching and tax preparation experience in the U.S., and overseas at military installation and U.S. Embassies. His focus is tax preparation for the self-employed taxpayer. Jerrie also has experience with preparation of individual tax returns with the Foreign Earned Income Exclusion, Foreign Tax Credit, and military related tax provisions.

Jerrie can help you meet your federal and state tax obligations, file any required tax returns, and if needed, audit representation before the Internal Revenue Service and Franchise Tax Board.

Janie Tran, Technical Advisor to the Advocate
Janie has been with Franchise Tax Board for better than 34 years, providing excellent service for the State of California as an Auditor, Technical Lead, Hearing Officer, and as a SME for pass-through entities and personal income and business entity taxes.

Janie served as Franchise Tax Board’s liaison to the Board of Equalization Chair where she participated in education and outreach activities in conjunction with her role as the Tax and Policy Advisor for income 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 the Accounts Receivable Management Division.

Janie is a graduate of Sacramento State University with a Bachelor of Science Degree in Business Administration, with an emphasis in Accounting.

Cost:

Meal is included. 

Cancellation and Refund Policy: 
Written webinar cancellations will be accepted up to five (5) 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 five (5) business days before the course begins, or for no-show registrants.