The Temple of Taxes
Go check out the recent photos of the 2009 OCEA Board Member Retreat.
to serve, to represent the best interests of Enrolled Agents of Orange County and to emphasize and enlighten the general public that an enrolled agent is the premier tax professional
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Next Meeting: July 21st, 2009
reservations must be received by noon the Friday before the meeting
Meetings are held on the third Tuesday of each month at The Phoenix Club in Anaheim. (see map below)
| Members | Non-Members* | |
|---|---|---|
| Members | Non-Members* | |
| 1hr CPE Credit | $35 | $40 |
| 2hr CPE Credit | $45 | $50 |
| 3hr CPE Credit | $55 | $60 |
Location: The Phoenix Club Driving Directions
CPE Credits 48
Download the Registration Form
The July dinner meeting topic will focus on Ethics.
The August dinner meeting will discuss the efforts of the IRS on international enforcement.
Abandonments, Foreclosures and Short Sales: Dispositions and Debt Relief (4 hrs) OK…you put that return on extension knowing it included the disposition of your client's troubled or "upside down" property. But now it's time to face that 1099-A and 1099-C "head-on" and finish the tax return. This presentation will address correct tax return reporting for dispositions of principal residences as well as rental properties. Competencies should be achieved in recognition of taxable and non-taxable mortgage relief, proper use of the various exclusions from income, tax attribute reductions required, and completion of Form 982.
The LLC K-1: Beauty or the Beast? (4 hrs) The LLC is the only business entity that does not have its own federal tax form, but must "share" forms with partnerships and corporations. Although the LLC is a flow-through entity, member treatment of flow-through items can be decidedly different from the S corporation K-1 treatment, especially as concerns LLC basis. To complicate matters further, the LLC can even report on the S corporation K-1! Accepted as the most flexible of business formats, the reporting of LLC income in both single-member and multi-member context will be examined, with special emphasis on member basis in the entity, basis in entity debt, self-employment tax issues, and much more.
CPE Credits 60
A 60-hour course on basic tax preparation qualifying for CTEC.
CPE Credits 7
Save the Date. Back by popular demand and presented by the IRS come hear what's up with the IRS. Registration and more details to come later.
The September dinner meeting topic will focus on the basics of Trust Entities.
