2024 Fall Tax Forum
Orange County South Chapter In-Person Seminar

Date/Time:

November 15 and 16, 2024
9:00 AM – 4:00 PM

Location:

Oxford Suites
800 4th Street
Paso Robles, CA 93446

Agenda:

Friday, November 15, 2024

9:00 am – 9:50 am
Audit Representation
Speaker: Jerrie Muir, EA, Retired IRS Examiner
Course Description: Review procedures for IRS examinations representation, including Power of Attorney, Circular 230 Rules, 30 Day Letter, 90 Day Letter, Appeals, and Audit Reconsideration. Discuss IRC Section 6662, Accuracy Related Penalty.

1 Federal Tax Law hour

IRS: 18QC1-T-02043-24-I
CTEC: 1000-CE-5505

Basic (No prior knowledge expected)

9:50 pm – 10:00 am
B R E A K

10:00 am – 12:00 pm
CA State Tax Law Updates for Tax Year 2024
Speaker: Anna Cowperthwaite, FTB Taxpayer Advocate Services
Course Description: Taxpayers’ Rights Advocate’s Office Information and Processes, 2024 FTB Legislation, 2024 Tax Year Filing Tips, Communicating with FTB

2 California hours

IRS: N/A
CTEC: 1000-CE-5514

Basic (No prior knowledge expected)

12:00 pm – 1:00 pm
L U N C H (provided)

1:00 pm – 1:50 pm
Sale of a Primary Residence
Speaker: Jerrie Muir, EA, Retired IRS Examiner
Course Description: Discuss rules for calculating Capital Gains/Loss on the disposition of a personal residence.  Review Adjusted Basis, importance of Settlement Statements, and apply IRC Section 121 rules for maximum and reduced capital gains exclusion.

1 Federal Tax Law hour

IRS: 18QC1-T-02044-24-I
CTEC: 1000-CE-5506

Basic (No prior knowledge expected)

1:50 pm – 2:00 pm
B R E A K

2:00 pm – 2:50 pm
Federal Tax Update
Speaker: Lionel Carrillo, IRS
Course Description: • Understand the filing requirement of 1099-K • Identify potential payors • Identify impacted payees • Review the reporting processes • Understand how to report Forms 1099-A & C • Considerations in resolving compliance issues

1 Federal Update hour

IRS: 18QC1-U-02051-24-I
CTEC: 1000-CE-5515

Basic (No prior knowledge expected)

2:50 pm – 3:00 pm
B R E A K

3:00 pm – 4:00 pm
Ethics
Speaker: Lionel Carrillo, IRS
Course Description: Paid preparer due diligence requirements for tax year 2024 returns claiming the: • Earned Income Tax Credit (EITC). • Child Tax Credit (CTC)/ Additional Child Tax Credit (ACTC)/ Credit for Other Dependents (ODC). • American Opportunity Tax Credit (AOTC). • Head of Household (HOH) filing status. • Consequences of not meeting your due diligence requirements. • Frequently asked due diligence questions and answers. • IRS initiatives and ongoing efforts to help tax professionals including: • Tax Professional Awareness Week. • Webinars training modules and videos. • IRS Document Upload Tool

1 Ethics hour

IRS: 18QC1-E-02052-24-I
CTEC: 1000-CE-5516

Basic (No prior knowledge expected)

4:00 pm
E n d  o f  D a y  O n e 

Saturday, November 16, 2024

9:00 am – 9:50 am
Charitable Contributions
Speaker: Lionel Carrillo, IRS
Course Description: Understand the rules covering income tax deductions for charitable contributions by individuals.
Use Form 8283, Noncash Charitable Contributions, to report information about noncash charitable contributions.
Tax information on donated property
Find out how taxpayers can claim deductions for clothing and property donations, and other non-cash items.
Information on donated property for charitable organizations
Information on donated property for charitable organizations
Charitable remainder trusts
Charitable remainder trusts are irrevocable trusts that allow people to donate assets to charity and draw income from the trust for life or for a
specific time period.
Charitable contributions: quid pro quo contributions
Substantiation and disclosure requirements associated with quid pro quo contributions to section 501(c)(3) organizations.

1 Federal Tax Law hour

IRS: 18QC1-T-02053-24-I
CTEC: 1000-CE-5517

Basic (No prior knowledge expected)

9:50 am – 10:00 am
B R E A K

10:00 am – 11:00 pm
Gift Tax Returns
Speaker: Lionel Carrillo, IRS
Course Description: Discuss the gift tax. Learn when to file estate and gift taxes, where to send your returns, and get contact information if you need help. Stay up to date with the tax law changes related to estate and gift taxes. Information to help you resolve the final tax issues of a deceased taxpayer and their estate.

1 Federal Tax Law hour

IRS: 18QC1-T-02054-24-I
CTEC: 1000-CE-5518

Basic (No prior knowledge expected)

11:00 am – 12:00 pm
Other Income: COD, Court Awards, Misc. Comp, Bartering Tax Benefit Rule, Cash Rebates, and Found Property
Speaker: Jerrie Muir, EA, Retired IRS Examiner
Course Description: Review other income reported and not reported as Gross Income, including Cancellation of Debt, Court Awards, Bartering Income, Cash Rebates, and Found Property.  Discuss IRC Section 111, Tax Benefit Rule.

1 Federal Tax Law hour

IRS: 18QC1-T-02045-24-I
CTEC: 1000-CE-5507

Basic (No prior knowledge expected)

12:00 pm – 1:00 pm
L U N C H (provided)

1:00 pm – 2:00 pm
Schedule C Business Expenses Including phone expenses, MACRS, Section 179, and Bonus Depreciation
Speaker: Jerrie Muir, EA, Retired IRS Examiner
Course Description: Discuss allowed business expenses for a Self-Employed Person, including phone expenses, depreciation under MACRS, IRC Section 179 Depreciation, and Bonus Depreciation.

1 Federal Tax Law hour

IRS: 18QC1-T-02046-24-I
CTEC: 1000-CE-5508

Basic (No prior knowledge expected)

2:00 pm – 2:50 pm
Foreign Earned Income Exclusion
Speaker: Jerrie Muir, EA, Retired IRS Examiner
Course Description: Review the Foreign Earned Income Exclusion Rules, including the Bona Fide Residence and Physical Presence Tests and Conversion of Foreign Currencies.  Review completion of IRS Form 2555.

1 Federal Tax Law hour

IRS: 18QC1-T-02047-24-I
CTEC: 1000-CE-5509

Basic (No prior knowledge expected)

2:50 pm – 3:00 pm
B R E A K

3:00 pm – 4:00 pm
CA Conformity / Non-Conformity Issues
Speaker: Jerrie Muir, EA, Retired IRS Examiner
Course Description: Review California Conformity and Non-Conformity issues to federal tax law, including selected topics in FTB Publication 1001, Supplemental Guidelines to California Adjustments

1 California hour

IRS: N/A
CTEC: 1000-CE-5510

Basic (No prior knowledge expected)

4:00 pm
E n d  o f  D a y  T w o 

About the Speakers:

Lionel Carrillo, Senior Stakeholder Liaison, Communication and Liaison, Internal Revenue Service
Lionel Carrillo was selected as a Senior Stakeholder Liaison in January 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.

Anna Cowperthwaite, Assistant Technical Advisor to the Advocate, Taxpayers' Rights Advocate's Office
Anna Cowperthwaite has been with Franchise Tax Board (FTB) for 18 years. Prior to joining the Taxpayers' Rights Advocate's Office, Anna worked in the Criminal Investigations Bureau as a Forensic Auditor conducting more complex technical examinations of seized individual, business and bank records to reconstruct income and compute tax liabilities to the standard of proof required for criminal tax prosecutions. Anna also has experience with sourcing and residency issues. Anna 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.