Education

OCCSEA JULY DINNER MEETING
Tuesday July 16, 2019

Tax Cuts & Jobs Act

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On-line payment is credit card only.
Payment via mail-in form is check only.

CPE CA: 2

Time: 5:30 pm – 8:20 pm

Speaker: Vicki Mulak. EA
Location: Phoenix Club
1340 S. Sanderson Ave., Anaheim, CA 92806
$50 Mem/$60 NonMem through 7/11/19
$55 Mem/$65 NonMem at the door

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

LEARNING OBJECTIVES:
Although the individual provisions of the Tax Cuts and Jobs Act (TCJA) received the most attention, in terms of quantity of tax law changes, TCJA includes more business provisions than individual provisions. This session will highlight those changes, with an emphasis on business changes OTHER THAN the Section 199A deduction. If your main focus up to now has been understanding Section 199A, this session will bring you up-to-date on other business changes, including entity choice, S elections, methods of accounting, depreciation enhancements, providing employee fringe benefits, NOLs, excess business loss limitations and more.

1. To review tax reform business tax law changes.
2. To understand new loss provisions affecting NOLs and implementation of excess business loss restrictions.
3. To gain competency in depreciation choices in general, especially for qualified improvement property.

Vicki Mulaki EA

Vicki Mulak, EA

Vicki Mulak, EA, CFP is also insurance and securities licensed. She’s well-known for her CA tax law and business entity focus. She testifies before the FTB in Sacramento and is involved in state tax legislation, attending Assembly and Senate committee hearings as necessary. She currently serves on the FTB Advisory Board and the EDD’s Small Busi-ness Employer’s Advisory Committee. Vicki was editor of the PPC Accounting Quickfinder book from 2005-2012. In August 2012 she received NAEA’s Bill Payne Advocacy Award. In 2011, Vicki was awarded the “Distinguished Service Award” for enhancement of CSEA’s reputation. In 2006, she received CSEA’s prestigious “Thomas P Hess Award” in recognition of contributions to their educational goals. She received her BS in Business Administration from Thomas Edison State University in New Jersey.

 

 

OCCSEA SEMINAR
Tuesday July 16, 2019

New Partnership Audit Rules

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On-line payment is credit card only.
Payment via mail-in form is check only.

CPE Fed: 4 Time:
12:00 pm – 4:00 pm
Speaker: Vicki Mylak, EA
Location: Phoenix Club
1340 S. Sanderson Ave., Anaheim, CA 92806

Cost: $99 Mem/$120 NonMem

$129 Mem/$150 NonMem At Door

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 Centralized Partnership Audit regime, enacted in the Bipartisan Budget Act 2015, became effective January 1, 2018, and California has legislatively conformed with the same effective date. Under the regime, partnerships may accept the default treatment which includes an audit assessment against the partnership itself, or utilize an “election-out” as well as an available “push-out” election or “pull-in” procedure. This session will clearly define these options, as well the required time frames to implement them, in instances where the partnership is contacted by the IRS examination division.

LEARNING OBJECTIVES:
1. To review how the new audit rules function absent any elections or procedure choices.
2. To explore whether the new audit rules will incentivize partnerships & LLCs to make corporate elections to avoid the new audit rulers.
3. To recognize partnership scenarios where opportunities to utilize or not utilize available push-out and pull-in methods exist.

SMLLCs and Corporate Elections
As disregarded entities for federal purposes, single-member LLCs (SMLLCs) have no separate fed-eral filing requirement, unless a corporate taxation election is executed. This session will address the unique characteristics and planning opportunities for single-member LLCs, including the impact of being either individually-owned, corporately-owned, or owned by a partnership or multi-member LLC.

LEARNING OBJECTIVES:
1. To understand the issues involved in working with SMLLC clients.
2. To explore the planning opportunities and issues that are related to what kind of taxpayer owns the SMLLC.
3. To highlight the planning possibilities for SMLLCs when working with tax deferred exchanges

Vicki Mulakki EA

Vicki Mulak, EA

Vicki Mulak, EA, CFP is also insurance and securities licensed. She’s well-known for her CA tax law and business entity focus. She testifies before the FTB in Sacramento and is involved in state tax legislation, attending Assembly and Senate committee hearings as necessary. She currently serves on the FTB Advisory Board and the EDD’s Small Busi-ness Employer’s Advisory Committee. Vicki was editor of the PPC Accounting Quickfinder book from 2005-2012. In August 2012 she received NAEA’s Bill Payne Advocacy Award. In 2011, Vicki was awarded the “Distinguished Service Award” for enhancement of CSEA’s reputation. In 2006, she received CSEA’s prestigious “Thomas P Hess Award” in recognition of contributions to their educational goals. She received her BS in Business Administration from Thomas Edison State University in New Jersey.