California Society of Tax Consultants

This webinar series will take place every Tuesday, Wednesday, and Thursday starting June 8 through June 24, 2021. To make the most of your educational investment, the CSTC Academy is offering the 2021 Symposium Package where you can register for ALL sessions and enjoy significant savings off the individual session registration fee. Stretch your dollars while expanding your knowledge through this terrific savings opportunity. Visit https://bit.ly/2Nvstk3 for more info.

The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.

CSTC Society Events this week! 3/23 - North County San Diego In-Person Chapter Meeting 3/26 - Federal Tax Update - Temecula Valley Chapter Meeting... Visit cstcsociety.org for more info.

Welcome Spring!

Most qualified people will get the 3rd round of Economic Impact Payments without taking any action. Some may see a provisional payment in their accounts before the official payment date. Visit: https://bit.ly/3viB6Q9 for more info.

Drive safe! Remember these simple tips for safe driving in the rain. Turn off cruise control Turn on headlights ... Maintain extra distance between vehicles. See more

Use the CSTC Listserv! The CSTC Member Listserv is an email address, which forwards your email message to all subscribing CSTC members. The CSTC Member Listserv is a great way to communicate quickly and easily with the subscribed members regarding business-related questions and requests for assistance. ... To gain access to the Listserv for the first time, please send an email requesting to opt in to the membership listserv along with your email address.

How good does your business look on paper?

CSTC Events this week! 1/26 - 2020 Tax Preparation for PPP, EIDL & Employer Credits & NOLs - CSTC Seminar 1/27 - 2020 California Update - Wine Country Chapter Virtual Meeting ... Visit here for more info: https://bit.ly/2mXCTeS

Date: Tuesday, January 26, 2021 10:00 AM to 11:40 AM Location:... Online Meeting via Zoom This will be a Zoom Meeting. Once you register and pay the Zoom link will be provided in your confirmation email for you to log in at the designated meeting time. Zoom does require registration before entering the meeting. Description: Sole proprietors, partnerships, S-Corps, and C-Corps all have specific regs related to handling the various COVID19 loans, grants, and credits. Understand what credits your employees may be eligible for, whether they've applied for them or not, and how this may affect their tax preparation for 2020. Tax year 2020 is the final year you can elect favorable tax treatment for your client's 2018, 2019 & 2020 NOLs; be sure you get this coded correctly when you prepare the 2020 taxes. Federal and California differences on the treatment of COVID-19 credits and benefits CPE Information: 2 Federal Update hours (Topics covering new tax laws) CTEC: 1000-CE-4858 IRS: 18QC1-U-01449-21-O

Partnership & LLC Form 1065 Fundamentals for 2020 Seminar Hosted by the California Society of Tax Consultants Friday, November 20, 2020 9:00 AM - 12:10 PM PST Significant changes will affect partnership tax returns for 2020. Guiding your clients through the compliance maze will be an important job for tax preparers for the upcoming tax season. Understanding these changes now will give you time for year-end planning and help you to deliver more value to your partnership clien...ts. CPE Information: 2 Federal Law hours (Topics covering existing tax law) 2 Federal Update hours (Topics covering new tax laws) Click here to register: https://bit.ly/3kXKKC1

CSTC Events this week! 11/4 - TV Share and Solve Round Table Dinner Meeting - Temecula Valley 11/4 - The Tax Aspects of Divorce-San Francisco Bay Virtual Chapter Meeting 11/5 - 2020 TAX UPDATE | San Gabriel Valley Chapter Meeting... Click here for more info: https://bit.ly/2mXCTeS

HAPPY HALLOWEEN!

The Taxpayer Bill of Rights clearly outlines the fundamental rights of every taxpayer, and the Internal Revenue Service wants every taxpayer to be aware of these rights in the event they need to work with the IRS on a personal tax matter. The Right to Be Informed The Right to Quality Service The Right to Pay No More than the Correct Amount of Tax... The Right to Challenge the IRS’s Position and Be Heard The Right to Appeal an IRS Decision in an Independent Forum The Right to Finality The Right to Privacy The Right to Confidentiality The Right to Retain Representation The Right to a Fair and Just Tax System For more detailed information, click here: https://bit.ly/3ms7ZEC

Happy National First Responders Day! Especially during the current pandemic situation, we appreciate you.

CSTC Events this week! 10/27 - 3 Part Webinar Meeting | Central Valley Online Chapter Meeting 10/27 - 2020 California Update -Sacramento Virtual Chapter Meeting 10/28 - 2020 Tax Update - COVID, CARES, PPP, SECURE...- Wine Country Chapter Virtual Meeting... 10/28 - Schedule E, What details have I missed? - Greater Long Beach Meeting Click here for more info: https://bit.ly/2mXCTeS

Setting goals gives you long-term vision and short-term motivation. It focuses your acquisition of knowledge and helps you to organize your time and your resources so that you can make the most of your life.

Things you'll learn... Complete coverage of IRS & CA forms Latest news about the CARES Act, SECURE Act, Families First Relief Act, Disaster Act, and more... Reconciliation of advance payment (rebates) to stimulus credit How does PPP discharge affect tax return? Are expenses paid with loan proceeds deductible?... New forms with real-life examples to show you how to complete them Line-by-line calculations on new forms & worksheets CA adjustments calculated and illustrated on Form 540 Sch CA Case studies Client documents to completed tax return Court cases, revenue rulings, and more... Worksheets, flowcharts, and checklists to help you keep it all straight 400+ page manual mailed to you Free FAST FACTS reference card! NEW Free CA nonconformity reference card! Information you can use in the REAL WORLD! Click here to register today!: https://bit.ly/3nN0nhw

CSTC Society events this week! Click here for more info: https://bit.ly/2mXCTeS 10/21 - Maximizing QBI for Rentals and Business - Inland Empire Virtual Chapter Meeting 10/21- The Tax Consequences of Choice: Options, Futures, Rights & Warrants - San Jose Chapter