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3 Part Webinar Meeting | Central Valley Online Chapter Meeting 10.27.20
Tuesday, October 27, 2020, 2:00 PM - 8:00 PM PDT
Category: Chapter Meetings

Three-Part Webinar
Specialty Occupations - Preachers, Firefighters, Teachers, and Others | Recordkeeping For Small Business - Loans and Grants | Advance 1031 Exchanges with Delaware Statutory Trust

Central Valley Online Chapter Meeting

Date/Time:

Tuesday, October 27, 2020
Part One - Specialty Occupations - Preachers, Firefighters, Teachers, and Others: 2:00 PM to 4:00 PM
Part Two - Recordkeeping For Small Business - Loans and Grants: 4:00 PM to 6:00 PM 
Part Three - Advance 1031 Exchanges with Delaware Statutory Trust: 6:00 PM to 8:00 PM 

Location:

Online Meeting via Zoom
This will be Zoom Meeting. Once you register and pay, the Zoom link will be provided for you to log in at the designated meeting time. Zoom does require registration before entering the meeting. 

Topic: 

Part One - Specialty Occupations - Preachers, Firefighters, Teachers, and Others
There are unique challenges and rules in preparing a tax return for Clergy/Pastors, Teachers, and other specialized fields of service-related professionals. We will explore the Federal regulations regarding these service-related clients, and how to develop checklists of items needed for securing a productive tax interview. In addition to clergy/pastors and teachers/educators, some of the other services-related professions we will briefly discuss include the following:
1. Police and Firefighters
2. Medical personnel
3. Performing arts (Example: Independent musicians, artists, writers, and performers)
4. RealtorsAccordingly, the goal of this workshop is to help the attendee to develop new resource tools for determining and understanding the tax issues facing Clergy/Pastors, Teachers, and other specialized fields of service-related professionals.

Part Two - Recordkeeping For Small Business - Loans and Grants
Recordkeeping for Small Business Loans, Grants, and Employer Tax Credits/DeferralsThis past year Congress passed numerous tax provisions and programs for small businesses and employers, in addition to issuing a truckload of guidance. The class will briefly cover the various programs available. Then we’ll look at the nitty gritty of recordkeeping and documentation for compliance. We’ll explore how these various programs will be reported to IRS on this year’s tax returns

Part Three - Advance 1031 Exchanges with Delaware Statutory Trust
This presentation will discuss the basics of the 1031 process, a brief history and overview of DSTs, why taxpayers exchange into fractional ownership programs, who might be appropriate for DSTs, choosing a Qualified Intermediary, understanding the identification rules, and tax considerations when realizing a gain on the sale of real property.Delaware Statutory Trust (DST) properties are considered “like-kind” replacement property pursuant to IRC Revenue Ruling 2004-86. The DST has become the vehicle of choice for fractionalized 1031 exchange properties. Are Investors are able to 1031 exchange into multiple DST properties in an effort to lower the potential risks of real estate investing? Typical minimum investments are $100k and asset classes range from multifamily apartments, triple net lease properties (NNN), medical office properties, and all-cash/debt-free properties.We will go over frequently asked questions regarding DST 1031 and will real-world case studies of the client making an investment in different scenarios. We will cover using leverage with DST properties as well as all-cash/debt-free DST properties for 1031 exchanges.
We will cover:
•Overview of DST
•Inceptions & Lifecycle of DST
•What Accredited Investor Client is Trying to Accomplish and Options to them
•Case Studies of Investments in DST covering different scenarios
•Process and Due Diligence of DST
•DST FAQs

Presenter:

Part One: David Eastis, CRTP
David A Eastis, CRTP, received his Bachelor of Arts Degree from the University of La Verne in 1980, and Master of Arts in Theology Degree from Bethany Seminary in 1984, and completed his accounting degree in 2003 from Indiana University, South Bend, Indiana.In 2003, David moved back to California to work in “BREA TAX CONNECTIONS” the family tax and bookkeeping business, now located in Brea California. David joined the California Society of Tax Consultants in 2004. David has served as Secretary for the Greater Long Beach Chapter, a 4-year term as Secretary for the Society Board, a one-year term as 1st Vice President for Society Board, a two-year term serving as President of CSTC 2015-2016, and a two-year term as Past President of Society Board 2017-2018. Currently David serves as Region three Director for CSTC.David has been encouraged by CSTC to share his gifts of speaking and teaching as a presenter for various chapter meetings, the CSTC Summer Symposium, the Autumn Classic, and the Wine Country Symposium. His topics have included: IRS Form 990; S Corporations; Preachers, Teachers, and other Tax Creatures (specialized vocational Fields); Charitable Contributions; Understanding and Reading Schedule K-1s; and Ethics. In the Fall of 2019, David completed his eighth year teaching the Fundamentals Tax Course (Contact) for CSTC. David and his wife Ann live in La Habra, CA. He is currently a member of the Orange County Chapter of CSTC.

Part Two - Claudia Stanley, CPA, EA
Claudia Stanley is a practicing CPA & EA in the Fresno area, as partner in C. Stanley, CPA & Associates. She is a graduate of California State University, Fresno, and serves as treasurer of the California Society of Tax Consultants, as education chair of the Central California Chapter of Enrolled Agents and as treasurer of Fresno’s local chapter of American Business Women’s Association. Claudia is a long time member of CSTC. In 2016 she was named member of the year of the Central Valley Chapter of CSTC and in 2001 she was named on of Top Ten Women of the Year in the nation by American Business Women’s Association. She frequently speaks on various tax topics.






Part Three -  Jeffrey Bangerter
Jeffrey Bangerter has been working in the Financial Services since 1979; helping his valued clients prepare for and enjoy a comfortable retirement.Jeffrey has spent the time necessary to get all the licenses needed to be able to put together a proper plan. He is an Enrolled Agent Tax Professional, Mortgage LoanOriginator, Investment Advisor Representative, Registered Securities Representative,Insurance Agent and has his Real Estate License.We empower clients with knowledge to help make smart informed choices as they enter their Golden Years, we make things easy to understand so it becomes clear the direction that should be taken. Our goal is to help people maximize social security, create incomes, provide professional money management, protect your assets from long term care. Our clients know we have a commitment to provide the best solution for their individual situation utilizing our Social Security Planning and RetirementPlanning software together to make sure they do not have a point in life where they run out of money.Jeffrey has been seen frequently on Sacramento’s ABC and CBS affiliate TV Stations, providing timely financial information in an easy to understand format.OUR IDEAL CLIENTS:… want a work optional lifestyle.... want to pay less taxes.… are concerned about outliving their income.… want to protect their assets.… want to leave a legacy.… want to sleep comfortably with no worries about their investments or retirement.… are fun!Jeffrey has been a resident of Orange vale, CA for over 25 years. When not helping clients increase their confidence about their financial futures, he enjoys boating with his children and grandchildren, traveling, learning something new ors pending time with his wife on their Harley.

CPE Information:

Part One - Specialty Occupations - Preachers, Firefighters, Teachers, and Others
2 Federal Law Hours (Topics covering existing tax law)
IRS: 18QC1-T-01407-20-O
CTEC: 1000-CE-4815

Knowledge Level: Intermediate (Basic knowledge helpful) 

Part Two - Recordkeeping For Small Business - Loans and Grants
2 Federal Update Hours (Topics covering new tax laws)
IRS: 18QC1-U-01408-20-O
CTEC: 1000-CE-4816

Knowledge Level: Intermediate (Basic knowledge helpful) 

Part Three - Advance 1031 Exchanges with Delaware Statutory Trust
2 Federal Law Hours (Topics covering existing tax law)
IRS: 18QC1-T-01409-20-O
CTEC: 1000-CE-4817

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Part One - Specialty Occupations - Preachers, Firefighters, Teachers, and Others ONLY
Registration Fee (Member): $20
Registration Fee (Non-Member): $30

Part Two - Recordkeeping For Small Business - Loans and Grants ONLY
Registration Fee (Member): $20
Registration Fee (Non-Member): $30

Part Three - Advance 1031 Exchanges with Delaware Statutory Trust ONLY
Registration Fee (Member): $20
Registration Fee (Non-Member): $30

ALL THREE WEBINARS
Registration Fee (Member): $50
Registration Fee (Non-Member): $70

Registration:

Please register below:


 

 

Cancellation and Refund Policy for Meeting Purchase:
Written webinar 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.