Understanding ERTC / Obscure California Tax Credits
Temecula Valley Chapter In-Person Meeting

Date/Time:

Wednesday, May 1, 2024
5:30 PM to 8:00 PM

Location:

Richie's Real American Diner
40651 Murrieta Hot Springs Rd
Murrieta, CA 92563

Topic: 

ERTC credit review and amending returns for 2020 and/or 2021 tax years for S-Corporations. Tax preparers have due diligence to determine if the client is / was qualified to receive the credit(s). I will cover the life cycle in determining the ERTC eligibility. What documentation will need to be to determine eligibility. Even if you did not process the ERTC credit as a tax professional you need to: determine eligibility. If the determination was in fact that the client was not eligible for the credit, what do you do or not do as a tax professional. Once it is determined the ERTC is valid what needs to be done next: determine what was received for what period(s): wages, payroll tax, and interest and penalties refund. How to report on amended returns for S-Corporations pass through Federal and state. Impact on Kls and how to amend the 1040 and 540 personal returns. Audits what I learned by speaking with an IRS agent. Who might be targeted for audits and why

Presenter:

PATRICIA ARICK, EA, UP Years Bookkeeping and Taxes
I have worked in business bookkeeping for over 30 years and taxes for over 25 years. I have a business management degree from the University of Phoenix in 2006. I grew up in Columbus Ohio and moved to Los Angeles County California in 1987. Married in 1989. I have two grown sons, Able and Daniel. Daniel is now serving with the US Army. I owned / operated multi-level franchise “The UPS Store” for 10 years in conjunction with bookkeeping and tax preparation. I divorced in 2018 thus the name UPYRS Enterprise Inc. was born, dba Up Years Bookkeeping and Taxes. Its name is for my UP YEARS in my life, not Up Yours to the IRS. It is only Up Yours if you are my ex. I specialize in providing an array of services to business owners: Tax planning, preparation, bookkeeping (online and desktop), payroll and sales tax. Whether you’re a sole proprietor business owner using Sch. C or LLC single member or S-Corporation we offer what you need to support your record keeping and reporting needs. Let us be part of your team helping to take the stress of bookkeeping, Let us do what we do best so you to do what you do best “your business”.

PAULA CANNON, EA, Menifee Tax Group
I have been preparing taxes for more than 30 years and have worked in this area for 17 of those years. I differentiate my practice from some others with the time I take with every client every year. The end goal is to assist individuals and businesses to become and stay compliant with tax laws – making my job easier. Advice is usually free of charge. My greatest enjoyment in preparing taxes is researching new and unfamiliar topics and sharing that knowledge with other tax professionals, using real-life scenarios. Education:BS in Business Management, and MA in Christian Education

CPE Information:

1 Federal Law hour(s) (Topics covering existing tax law)
1 California hour(s) (Topics covering California law issues)

IRS: 18QC1-T-01971-24-I
CTEC: 1000-CE-5414

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Registration Fee (Member): $38
Registration Fee (Non-Member): $68

Please contact Elyse Beltz at [email protected] or 9512237200 to register for this event.

Cancellation and Refund Policy:: 
Written cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.