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Monthly Dinner Meeting - November 20, 2014

Schedule C– Business, Hobby & Review

Speaker: Torie Charvez, EA

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

Torie will take us through a thorough look at the Schedule C including the following items…


·        Types of Income

·        Special Considerations (Clergy, Statutory employees, etc)

·        Schedule C-EZ

·        Costs of Goods Sold, Gross Profit

·        General Expenses  & Special Considerations

·        Business Use of the Home

·        Self Employed Health Insurance

·        Self Employed Retirement Plans (SEP)

·        Business or Hobby???


Speaker Bio:

Torie has been working in the tax and accounting fields for 25 years

Prior to becoming an Enrolled Agent in 2005, she worked 10 years as an accounting manager in a wholesale company, while also “moonlighting” at H&R Block for several years.  Her passion for tax work, lead her to a small local CPA firm until 2010.  Torie then left the local CPA firm to open the doors of Tax Goddess Inc., now located in Campbell, CA

The combination of private and public accounting and tax practices gives her a unique perspective that compliments the small, medium or large business client needs. This has also allowed to her to speak on and teach a variety of topics to local business groups and other tax professionals.

Torie has been an active member is the California Society of Enrolled Agents in the Mission Chapter.  She is a past president for her chapter and served a term as a director on the CSEA board for them as well.  She served 2 years as that Chairperson of the CSEA Finance and Budget Committee and was the 2014 CSEA Annual Meeting Chairperson.  Mission Society of Enrolled Agents recently honored her for second time with their award for EA of the Year 2012-2013.

Torie is currently serving as the Second Vice-President of CSEA for the 2014-2015 fiscal year.

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


Board Meeting begins at 5:00pm

Dinner begins at 6:00pm

Education 7:00pm to 9:00pm


Members/Non-Members who RSVP by November 17th - $35/$40

Members/Non-Members who RSVP after November 17th- $40/$45


2014 Mini Seminars

Practice Management

November 6, 2014   1 pm – 4 pm

David Kasperik, CPA, CGMA, Mary Philippsen, EA, and Benita Meyers, EA

*Explore the operations of different size tax practices, from scheduling clients to getting the returns out the door. We’ve brought together three principals, representing a Large Practice, a Medium Practice and an Office in the Home Practice in order give ideas for operation functions that you can apply to your own practice throughout the year.

Note: This qualifies for CSEA/NAEA hours only.


S-Corps & LLC’s – Avoiding Fatal Mistakes & Maximizing Tax Benefits - SOLD OUT!

November 13, 2014   1 pm – 4 pm

Randy Roth, EA, MSPS & David Kasperik, CPA, CGMA

* Many well-intentioned clients form LLCs or corporations with the belief that it will provide tax savings and asset protection, only to discover after an IRS audit or a lawsuit that it did not.  We estimate (based on experience) that only about two percent of micro-sized LLCs and corporations have been properly formed and maintained in a manner that truly provides the intended tax savings and asset protection benefits.   

This seminar will address the most common tax and legal misconceptions about small and micro LLCs and S corporations.

  • Proper formation and legal standing
  • The tax structures of LLCs and S corporations
  • On-going compliance and maintenance
  • Avoiding fatal mistakes (lack of legal standing, alter ego blunders, etc.)
  • Avoiding costly tax mistakes; where the IRS is focusing
  • Owners’ compensation and fringe benefits
  • The ownership/relationship tax scenarios for vehicles
  • Tax treatment of accountable plans and other reimbursements
  • Better ways to deduct the home office, medical, travel, meals & entertainment
  • Employee v. independent contractor issues
  • The role of LLCs and S corporations in managing risk

The Rules for operating a business today are complex and hazardous.  NOT COMPLYING with them can cost your clients thousands.


Schedule E Dissected - SOLD OUT!

November 20, 2014   1 pm – 4 pm

Torie Charvez, EA

**A thorough discussion of our beloved Schedule E!

  1. Income
  2. Expenses
  3. Repair vs Improvement               
  4. Depreciation
  5. Vacation Homes and Mixed Use Property
  6. When is rental, not a rental?
  7. Passive activities             
  8. At Risk: 
  9. Real Estate Professionals---who qualifies
  10. Material participation
  11. Self Employment
  12. Flow through Entities
  13. Basis issue for page 2 items


From Income, Repairs vs. Improvement, Mixed Use, Flow-through Entities & Basis issues for Page 2 items Torie will bring us up to date on the currents issue for this commonly used form.





Future Dinner Meetings

Future Dinner Meetings

December - No meeting in December

January 15, 2015 - Ethics with Ruth Rowlette 

Registration Links will be posted

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