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Monthly Dinner Meeting –May 19, 2016

"Will this business go up in smoke?" Accounting and Tax Issues in the Marijuana Arena

Speaker: Ruth A. Rowlette, Esq., EA

Dante Club of Sacramento
2330 Fair Oaks Boulevard
Sacramento, CA 95825

Medical marijuana has been quasi-legal in California for approximately 10 years. It became "legal" in the state as of January 1, 2016 and there are various ballot measures pending to legalize the drug for recreational use. However, it remains a Class III drug at the Federal level, in the same classification as heroin and cocaine. This dual treatment between the Federal and the State law presents a conflict for the Enrolled Agent, who is licensed by the Federal Government to prepare income tax returns for any client, even one who engages in an illegal business. In this class Mrs. Rowlette will cover the following…

· How medical marijuana is treated for tax purposes in California

· How it will be regulated in years to come

· The impact of legal and recreational marijuana sale and use and,

· Possible Federal treatment of taxes in this quickly evolving area



Speaker Bio:

Ruth A. Rowlette, Esq, EA is a long-time member of both CSEA at the state and Sacramento Valley Chapter level and NAEA. She has taught NTPI on bankruptcy, ethics and Tax Court matters and at our local chapter on ethics, bankruptcy and assorted subjects.


CE Hours:

This program qualifies for 2 hours of Federal Tax

IRS Program # WZA09-T-01659-16-I

CTEC Program # 1001-CE-8074


Register at https://www.123signup.com/event?id=pnvhn



Board Meeting begins at 4:45pm

Dinner begins at 6:00pm

Education 7:00pm to 9:00pm


Members/Non-Members who RSVP by May 16th- $35/$40

Members/Non-Members who RSVP after May 16th- $40/$45

**NEW ** Members/Non-Members who register at the door - $50/$55

* Any unpaid reservations not canceled on or before May 16th will be billed.



Enrolled Agent Exam (SEE) Prep Classes

Prepare for the Enrolled Agent Exam (SEE) in our fun and interactive classes! This is a fast paced, comprehensive course designed to help you tackle the vast amount of information you are required to know to successfully pass the SEE.

Instructor led discussion utilizing Fast Forward Academy materials and question bank offers you the best of both worlds. Our materials are relevant for both beginners and those with experience. This is the only course taught in the Sacramento area—do not miss out! 
Classes: Saturdays from 9 AM—4 PM

Part I – Individuals (July 16th, July 23rd, July 30th, Aug 6th)

Prelim Work/Taxpayer Data

Income and Assets

Deductions and Credits

Taxation and Advice

Specialized Individual Returns


Part II – Businesses (Aug 20th, Aug 27th, Sept 10th, Sept 17th, Sept 24th)


Type of Businesses

Business Financial Information

Specialized Returns and Tax


Part III – Representation, Practices and Procedures (Oct 8th & Oct 15th)


Practices and Procedures

Representation Before the IRS

Specific Types or Representation

Completion of the Filing Process



$200 materials fee is non-refundable! All cancellations are subject to a $25 processing fee. No refunds if you cancel less than 1 week prior to the start of a session.


For more information or the register, please go to https://www.123signup.com/event?id=nfjjs




Future Dinner Meetings

Sacramento Valley Chapter of CSEA

 2016 Dinner Meetings


June 16, 2016 – Dinner Meeting

Topic: Federal Tax Procedure

Speaker: David Fogel, CPA

In helping a client with a Federal tax problem, it’s always necessary to determine the procedural options available to the client. Should you send a letter to the IRS, file a return, a claim, a protest, a petition, an Offer in Compromise? Contact the Taxpayer Advocate? Are the time limits still open? What are the advantages and disadvantages of choosing one option over another? This presentation will discuss several selected topics in Federal tax procedure, such as due dates of returns, refunds and penalties for late returns, superseding returns, claims and their limitations, audits, statute of limitations, audit-related penalties, procedures to resolve audit disputes and collection alternatives.


July 21, 2016 – Dinner Meeting

Topic: TBD

Speaker: TBD


August 18, 2016 – Dinner Meeting

Topic: TBD

Speaker: TBD


September 22, 2016 – Dinner Meeting

Topic: TBD

Speaker: TBD

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