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Monthly Dinner Meeting – January 21, 2016

Monthly Dinner Meeting – January 21, 2016

Ethics and Circular 230 – 2015 Update

Speaker: Carol Thompson, EA

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

First, the IRS began testing for Return Tax Return Preparers (RTRP’s), then, a lawsuit stopped the program.   Then the IRS created a voluntary program, and now Congress is looking to allow the IRS to regulate taxpayers again. In the meantime, the PTIN program continues, and the IRS is still tracking down tax preparers who didn’t get the memo. For the past several years, the Office of Professional Responsibility (OPR) has been making it difficult to prepare taxes without the feeling that someone is looking over your shoulder. The bottom line is that you must be ever more diligent in preparing tax returns and checking all deductions and credits. In this course Carol will walk us through the following…

· Current information for Preparer Tax Identification Numbers (PTINS)

· Understanding the reporting requirements and recordkeeping for continuing education

· Understanding key areas of importance in Circular 230

· Define attorney-client privilege as it pertains to enrolled tax professionals

· Understanding hot buttons and corresponding penalties available to the Office of Professional Responsibility (OPR)

· Understanding the difference between a conflict and a conflict-of-interest

· Review current cases against tax professionals


Speaker Bio:

Carol W. Thompson, EA, ATA has prepared income taxes since 1979 and has been teaching continuing education for over 30 years. Her seminars have been seen and heard by thousands of tax professionals in 22 states. Carol is a member of the National Association of Enrolled Agents (NAEA), and the National Society of Accountants (NSA). She has been honored with awards including Enrolled Agent of the Year by the California Society of Enrolled Agents (CSEA), Excellence in Public Awareness Award and Excellence in Education by NAEA. Carol has extensive experience in TV, radio, and the print media, including appearances on the IRS Web-TV program, Tax Talk Today, and ABC’s, Good Morning America. She has been interviewed or featured in articles including Newsweek, Accounting Today, Smart Money, Money Magazine, Kiplinger’s and many others. Carol is a Graduate Fellow of the National Tax Practice Institute (NTPI) and served on the faculty for many years.


CE Hours:

This program qualifies for 2 hours of Ethics

IRS Program # WZA09-E-01640-16-I

CTEC Program # 1001-CE-8053


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


Board Meeting begins at 4:45pm

Dinner begins at 6:00pm

Education 7:00pm to 9:00pm


Members/Non-Members who RSVP by January 18th- $35/$40

Members/Non-Members who RSVP after January 18th- $40/$45

* Any unpaid reservations not canceled on or before January 18th will be billed.



Future Dinner Meetings

Sacramento Valley Chapter of CSEA

2015 – 2016 Dinner Meetings


May 19, 2016 – Dinner Meeting

Topic: Tax Issues in the Marijuana Industry

Speaker: Ruth Rowlette, Attorney at Law

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