The Channel Islands ENROLLED AGENT

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The Channel Islands

ENROLLED AGENT

VOLUME 2015 NUMBER 6 JUNE 2015 Editor, Pam Bunk Ž 340 Rosewood Ave, Ste H Ž Camarillo, CA 93010 Ž 805/482-1850 805/987-3009 Fax E-mail Pam@RussMerrick.com

CICSEA DINNER MEETING

President Bart Ketterling, EA 2299 E. Main Street #8 Ventura, CA 93001 805/653-7362 805/653-1991 Fax Bart@mktaxpros.com 1st Vice President Ridgway Pope, EA 268 N. Ashwood Avenue Ventura, CA 93003-1814 805/642-9363 ridgway@capitalplanningassoc.com 2nd Vice President John H. Blaubach, EA PO Box 337 Santa Barbara, CA 93102 805/965-8558 805/965-8558 Fax JHB_EA@hotmail.com Secretary Paula Mixon, EA 4882 McGrath St Ste #230 Ventura, CA 93003 805/650-3735 805/443-9385 805/633-6045 Fax Paula@goldcoasttaxservices.com Treasurer Duane Johnson, Sr, EA 2390 Las Posas Rd C445 Camarillo, CA 93010 888/609-3391 818/285-8196 Fax daja@dajafmc.com Immediate Past President

Dale R. Machalleck, EA PO Box 5606 Montecito, CA 93150-5606 805/450-2125 805/969-6151 Fax TaxGuRu4U@aol.com State Director/Past President

Susan DiMaggio, EA PO Box 6279 Ventura, CA 93006 805/218-5808 805/852-2700 Fax susiethetaxlady@gmail.com Director/Past President Margaret Kehoe, EA PO Box 5425 Oxnard, CA 93031 805/377-0642 Cell 805/983-4274 Fax Kehoe@west.net

Meeting Date: June 4, 2015

Board Meeting 5:00 P.M. Dinner 6:00 P.M. Program 7:00 P.M. SEE OUR NEW UPDATED WEBSITE!

http://www.cicsea.org/

. . .

Program: ACA Premium Tax Credit & Penalty for

Not Being Insured 2 hrs CPE

Lee Reams, Sr, EA

. . .

Where:

Marriott Courtyard, formerly Radisson Hotel 600 E. Esplanade Drive, Oxnard

(Vineyard offramp & Highway 101) For directions, please call 805/988-3600 . . .

R.S.V.P. Deadline: June 1, 2015 12:00 Noon

R.S.V.P. via 123 SignUp at http://www.cicsea.org - Scroll down and click where it says

“On-Line Registration” - Select your event to register

or R.S.V.P. Linda Wall, EA at 805/340-8822 or R.S.V.P. by Fax 805/667-8288 or R.S.V.P. by Email: Linda@EvansTax.net . . . Price: $35 Members $40 Non-Members

$5 Additional at the door for members and non-members without reservations

We accept Visa and Mastercard

PLEASE INDICATE VEGETARIAN OPTION WHEN MAKING RESERVATION!

Payment: Cash or check payable at the door to Channel Islands Chapter CSEA

*If you have made a reservation you must cancel if you cannot attend. Otherwise, you will be billed for the amount of the dinner. Reservation deadline will be strictly applied.

CTEC #1001-CE-7771 IRS #WZA09-T-01293-15-I

Director/Past President

Russ Merrick, EA

340 Rosewood Avenue, Suite H Camarillo, CA 93010 805/482-1850 805/987-3009 Fax TaxEAgent@aol.com Director/Web Master Robert Cantu, EA 944 Cliff Drive Santa Paula, CA 93060 805/525-8895 805/921-3079 Fax RCEA@Cantutax.com Director Linda A Wall, EA 1068 E Main Street #130 Ventura, CA 93001 805/340-8822 805/667-8288 Fax Linda@EvansTax.net Director Maryann Fiore-Hopkins, EA 2045 Royal Ave #216 Simi Valley, CA 93065 805/522-7763 805/522-2323 Fax Profbkkp@msn.com Director Lynne C. Sequeira, EA 79 Daily Drive #187 Camarillo, CA 93010 805/904-5900 805-512-8101 Fax Lynneations@gmail.com

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Channel Islands Chapter CSEA June 2015 PRESIDENT’S MESSAGE

Now that the rush of tax season is over, we turn our attention to Continuing Education Season. One of my mentors used to say "If you think Education is expensive, you should try Ignorance!" Our big education event of the summer is "Partnership/LLC Intensive" with Vicki Mulak, EA. That is also the biggest fundraiser for our Chapter.

Continuing education seminars are the primary funding source for California Society of Enrolled Agents at the state level and also at the chapter level. Super Seminars in Reno and Las Vegas are the largest revenue generators for CSEA. Online education is cheaper, but you miss out on the discussions and building relationships with fellow members and the speakers. I would like to encourage each one of you to make it a top priority in the coming year to attend all of our chapter events and also to attend Super Seminar in Reno or Las Vegas.

Bart Ketterling, EA Chapter President

INTRODUCTION TO OUR SPEAKER ACA PREMIUM TAX CREDIT & PENALTY FOR

NOT BEING INSURED LEE REAMS, SR, EA

Lee T. Reams, E.A. is an owner and Chief Technology Officer of ClientWhys. Educated as an engineer, with a Bachelor's Degree in Mechanical Engineering, Lee left his engineering career in 1975 to expand his part-time tax practice into a full-time career with a tax practice of 700 clients. In 1978, he founded IPS, which evolved into ImageOne, a leading national provider of office and practice management products, serving the tax, accounting, and financial planning industries as well as live and self-study CE. After the sale of the ImageOne printing division, ClientWhys was spun off including the highly popular Internet Products for CPAs, EAs, and other tax professionals as well as the CE Division.

Besides writing web content, tax blogs, CE courses and annually editing the Big Book of Taxes, Lee is a speaker for the ClientWhys Seminar series. He also oversees the very popular online tax forum, CWconnect that sharpens his technical skills. Lee is a former founding Board Member of the California Tax Education Council, is a Past President and current Board Member of the San Fernando Valley Chapter of Enrolled Agents, Member and Past Director for the California Society of Enrolled Agents.

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A PARTNERSHIP/LLC INTENSIVE ONE DAY WORKSHOP/SEMINAR

VICKI L. MULAK, EA CFP

Tuesday, June 16, 2015 8:30 am - 5 pm Courtyard by Marriott 600 East Esplanade Drive

Camarillo, CA 93036

INSTALLATION OF OFFICERS 2015/2016 BY MARGARET KEHOE, EA

Installation of Officers and Directors will be held at the June 4, 2015 meeting.

The Nominating Committee is pleased to present the following slate for the 2015-2016 year: 2015-2016 CICSEA SLATE OF OFFICERS

President Bart Ketterling, EA

1st Vice President Ridgway Pope, EA

2nd Vice President & Monthly Program Chair

John Blaubach, EA

Secretary Paula Mixon, EA

Treasurer Duane Johnson, Sr, EA

Immediate Past President Dale Machalleck, EA

Past President/State Director Susie DiMaggio, EA

Past Presidents & Directors Russ Merrick, EA

Director/Web Master Bob Cantu, EA

Directors Linda Wall, EA

Maryann Fiore-Hopkins, EA

Lynne C. Sequeira, EA Nancy Huapaya, EA

Newsletter Editor Russ Merrick, EA/Pam

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IRS REFUNDS TAX PREPARERS FOR COMPETENCY TESTS

The IRS is to refund thousands of tax preparers who paid $116 each to take a competency test, part of a program later struck down as unconstitutional by a federal court. Between November 2011 and January 2013, some 89,000 tests were taken; however, the IRS’ attempt to regulate the tax prep industry was ruled to have been beyond its legal authority. In total, it will pay out $10m to those who sat the exams.

BOB CANTU, EA SAYS - 123 SIGNUP...WOW! SIGN UP FOR ALL YOUR CPE EVENTS 24 HOURS A DAY!

New to our website, we now offer On-Line Registration via 123 SignUp. Save time and no waiting in long lines. Visit our CICSEA website at http://www.cicsea.org/, scroll down and click where it says “On-Line Registration”. This will log you into the 123 SignUp page where you select the event and click the “Register” button. Simply follow

registration steps through the check-out process where you will pay with your credit card. Once your registration is complete you can print your receipt and even add the event to your Outlook calendar.

While you are in the 123 Signup website, you can view and register our other scheduled events.

ATTENDANCE DRAWING

Congratulations to Marie Pratt, EA whose name was drawn at the Attendance Drawing and will win $55.00 if she attends the June 4, 2015 CICSEA meeting. If for any reason she is not able to attend, then her prize is forfeited and $20.00 is added to the "pot" and another name is drawn until someone wins.

Our chapter will continue the monthly Attendance Drawing until the June 2015 meeting. A container will have in it ALL the names of members in good standing. The amount of the first drawing will be $35.00. To win the prize, the member must be in attendance at the next month’s meeting. If for any reason they are not able to attend, they forfeit the prize and $20.00 is added to the "pot" and another name is drawn until someone wins. Once a member's name has been drawn out of the container, it will be replaced in the container. Each time the drawing is re-started, the pot will start at $30.00. There is no limit to the number of times a member can win. This will be decided by the luck of the draw. We are trying to encourage continued attendance. Good luck to all!

CTEC ADVERTISING DISCLOSURES

CSEA has been approved by the California Tax Education Council to offer ACA Premium Tax Credit & Penalty for Not Being Insured, Lee Reams, Sr, EA, #1001-CE-7771, IRS #WZA09-T-01293-15-I, which provides 2 hours of Federal Tax Topics, and 0 hours of state credit towards the annual “continuing education” requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at

www.ctec.org.

Sign Up for Client Whys 1040 Review & Update Seminar November - Do it Now...See attachment to sign up!

1040 Review & Update Seminar (In co-sponsorship with ClientWhys, Inc.)

November 3 & 4, 2015 (Tues & Wed) Courtyard by Marriott

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JOKE OF THE MONTH! Q: Who invented copper wire? A: Two tax attorneys fighting over a penny.

BRAIN TEASER What is this? gesg segg gegs gges

Answer at end of newsletter!

TAX CALENDAR

Individuals. June 15. Make a payment of your 2015 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the second installment date for estimated tax in 2015.

Corporations. June 15. Deposit the second installment of estimated income tax for 2015.

THE CLASSIFIEDS

If you would like to place an advertisement (for a nominal fee to help offset the cost of the newsletter) please contact Pam Bunk, at 805/482-1850 or e-mail at Pam@RussMerrick.com.

COMING EVENTS 2015 Plan Ahead – Mark Your Calendar June 4, 2015 ACA Premium Tax Credit & Penalty for Not Being Insured

Lee, Reams, Sr, EA, 2 hrs CPE June 16, 2015 A Partnership/LLC Intensive

Vicki Mulak, EA CFP, 8 hrs CPE Marriott Courtyard Hotel

July 2, 2015 Tangible Property Repair Regulations Update and Going Forward Mark Seid, EA, CFP®

August 6, 2015 Form 706 - Deceased Spouse Unused Exemption Margaret Kehoe, EA

September 3, 2015 Dinner meeting TBA

October 1, 2015 Dinner meeting

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PLEASE NOTE

If you wish to receive this newsletter, please contact TaxEAgent@aol.com and provide us with your e-mail address. If your e-mail address changes, please be sure to let us know.

If you have articles of interest to be published, please e-mail to Pam@RussMerrick.com by the 15 of the month. Allth

submissions should be done via e-mail.

MISSION

The mission of the Channel Islands Chapter of the CSEA is to foster the professionalism, business development and personal growth of our Members; to protect the interests of the individual Members and the Chapter; and to enhance the awareness and role of the Enrolled Agent among members of the public, other professions and with governmental agencies.

2014-2015 CICSEA OFFICERS & COMMITTEE CHAIR EMAIL CONTACT INFORMATION

President Bart Ketterling, EA Bart@mktaxpros.com

1st Vice President Ridgway Pope, EA ridgway@capitalplanningassoc.com 2nd V.P. & Program chair John Blaubach, EA JHB_EA@hotmail.com

Secretary Paula Mixon, EA paula@goldcoasttaxservices.com

Treasurer Duane Johnson, Sr, EA daja@dajafmc.com

Immediate Past President Dale Machalleck, EA TaxGuRu4U@aol.com

State Director Susie DiMaggio, EA susiethetaxlady@gmail.com

Annual Review Carol Emschwiller

Brass Tax (2) / Client Whys Russ Merrick, EA TaxEAgent@aol.com

ByLaws/TALC Jennifer MacMillan, EA Jennifer@jmtax.com

CI Seminars Nancy Huapaya, EA dfast9@hotmail.com

Director at Large Margaret Kehoe, EA Kehoe@west.net

Director at Large Don Graf donald@graftax.com

Disaster

Education Reporting Russ Merrick, EA TaxEAgent@aol.com Finance & Budget Lynne Sequeira lynneations@gmail.com

Hospitality Russ Merrick, EA TaxEAgent@aol.com

Legislative Affairs Ridgway Pope, EA ridgway@capitalplanningassoc.com

Membership Maryann Fiore-Hopkins, EA profbkkp@msn.com

Newsletter Russ Merrick, EA/Pam Bunk Pam@RussMerrick.com

Nominating Dale Machalleck, EA TaxGuRu4U@aol.com

PAC Susie DiMaggio, EA susiethetaxlady@gmail.com

Practice Preservation Paula Mixon, EA paula@goldcoasttaxservices.com

PIA Co-Chair Linda Wall, EA Linda@EvansTax.net

PIA Co-Chair Robert Cantu, EA rcea@cantutax.com

SEE/Scholarship Dale Machalleck, EA TaxGuRu4U@aol.com

Website Robert Cantu, EA rcea@cantutax.com

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