Education


Schedule K-1, Where Do the Numbers Go?

OCEA DINNER
Tues November 21st, 2017

Tax Liens and Other Annoying Things

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MAIL-IN SIGN UP
On-line payment is credit card only.
Payment via mail-in form is check only.
CPE Fed: 2 Time: 5:30 pm – 8:20 pm Speaker(s): Joyce E. Cheng, EA
Location: Phoenix Club, Grand Ballroom,
1340 S. Sanderson Ave., Anaheim, CA 92806
$50/$55 on or before 11/16/17
$55/$60 after 11/16/17

A LINK TO DOWNLOAD ANY AVAILABLE COURSE MATERIALS IS INCLUDED IN YOUR REGISTRATION CONFIRMATION EMAIL. NOT ALL COURSES PROVIDE MATERIALS.
If you do not receive a confirmation email please contact David Hilliard, dmhilliard@gmail.com

The IRS has many available tools to assist in collection of taxes. One of them is the federal tax lien, which seems to be used with such regularity that it may be easy to miss the opportunity to challenge the IRS filing of a lien. The recording of a tax lien establishes the IRS position in time for priority and protects the IRS interest in your personal and/or real property and financial assets.

As practitioners, it is important to understand the legal implications of having a lien recorded against a taxpayer, what rights the taxpayer is entitled to, and when a lien becomes unenforceable. Liens can oftentimes be innocuous for a taxpayer, but they can also wreak havoc on a taxpayer in situations where real property or personal guarantees on business loans are involved, just to name a few. Federal tax liens can be released or withdrawn in certain situations under some of the newer, friendlier IRS programs, but what happens when a taxpayer doesn’t qualify for one of those programs?

 

Joyce E. Cheng, EA

Joyce E. Cheng, EA

Joyce E. Cheng has been employed by Law Offices of A. Lavar Taylor for over 22 years as a paralegal and enrolled agent. The firm specializes in tax controversies of all kinds at the state and federal levels. Ms. Cheng became an enrolled agent in 1999 in order to enhance her ability to assist clients with tax problems. She works on a broad range of matters including: income tax audits for individuals, self-employed, and businesses; sales tax audits; collection matters for federal and state agencies – IRS, EDD, CDTFA and FTB; collection due process hearings; appeals matters; FBAR filings, and bankruptcy discharge analysis.

Mrs. Cheng previously enjoyed a rewarding 13 year career as a speech pathologist before changing career paths. Mrs. Cheng began her legal career working for the senior partner of a Dallas law firm where she handled estate planning, probate and civil litigation matters, implemented a pre-paid legal services program, and organized and managed paraprofessional staff. Following her move to California, Mrs. Cheng worked at the Office of District Counsel for the IRS where she handled Tax Court cases involving tax fraud, tax shelters, and unreported income issues, assisted attorneys at trial, and, also facilitated settlements with appeals pre-trial.

Preparing Tax Returns for the Legal Marijuana Industry

OCEA SEMINAR
Wed November 29th, 2017

Preparing Tax Returns for the Legal Marijuana Industry

ON-LINE SIGN UP
MAIL-IN SIGN UP
On-line payment is credit card only.
Payment via mail-in form is check only.
CPE Fed: 9 Time: 8:00 am – 5:00 pm Speaker(s): John Sheeley EA
Location: Phoenix Club, Grand Ballroom,
1340 S. Sanderson Ave., Anaheim, CA 92806
Cost: $245 Mem/$345 NonMem on or before October 17
$295 Mem/$395 NonMem after October 17
Continental Breakfast and Lunch Included

A LINK TO DOWNLOAD ANY AVAILABLE COURSE MATERIALS IS INCLUDED IN YOUR REGISTRATION CONFIRMATION EMAIL. NOT ALL COURSES PROVIDE MATERIALS.
If you do not receive a confirmation email please contact David Hilliard, dmhilliard@gmail.com

Presented by John Sheeley, EA

The legal marijuana industry finds itself in a very unique tax limbo – while the sale of marijuana is legal (but regulated) in many states, marijuana remains a Schedule I narcotic under federal law. As such, the preparation of tax returns for industry businesses is governed by Internal Revenue Code Section 280E and a number of court cases. This course explains the narrow legal exception permitting practitioners to work with clients reporting state legal cannabis related income. The course further explores the basics of preparation issues and the application of IRC 280E, 263A and 471 in unison with applicable Tax Court decisions.

 

John Sheeley EA

John Sheeley EA

Goshen, New York based John Sheeley, EA passed the special enrollment exam in 1995. His career includes 13 years as a multi-unit franchisee of a national tax firm and 5 years as a tax manager at a regional CPA firm in New York. An NTPI fellow, John completed his undergraduate education at the State University of New York at Oswego.

John formed his current tax services firm in 2009, with a focus on the tax and representation needs of non-resident aliens operating US businesses, and US citizens living abroad.

John is also the founder of Tax Practice Pro, Inc, a national continuing education provider. His current teaching focus centers on taxation of legal marijuana businesses, problems of S corps, and taxation of non-resident aliens and those living abroad.