2018 Tax Toolbox Seminar

“To Promote the Professionalism and the Growth of Our Members” America’s tax experts CSEA Inland Empire Chapter August 2018 "NOW THAT THE CLIENT HAS DIED — WHAT IS THE TAX PROFESSIONAL'S ROLE IN SETTLING THE CLIENT'S ESTATE OR TRUST" BY GARY QUACKENBUSH, ESQ. As tax professionals we spend a lot of time determining just how certain taxes are and how to assist our clients in navigating the treacherous waters of the US tax code. The presentation will explore the first half of Benjamin Franklin’s statement, that death is the other certain factor. Most of us have dealt with, and all of us will deal with the death of a loved one or of a client. As a tax professional, there are certain responsibilities that must be undertaken, ethically, to assist the client’s survivors to settle the affairs of a deceased client. Mr. Quackenbush will help us understand what should be done and what must be done as a tax professional and the boundaries within which you must work to carry out your ethical obligation to your clients and their survivors. His presentation will start with the basics and quickly move into intermediate details involving the tax professional’s responsibilities regard- ing trust administration and estate settlement. About the Speaker: Gary Quackenbush operates his Financial Solutions law practice, GQ LAW, out of the Rancho Bernardo area in San Diego, California. Since 1988 his emphasis has been tax and financial problem solving and implementing solutions for tax problem resolution such as: Offers in Compromise, audit reconsideration, appeals, installment agreements, bankruptcy, federal district court actions, federal tax court actions, etc. His estate planning practice focuses on wills, trusts, and estate administration including probate court work. His office handles civil litiga- tion cases such as personal injury, contract disputes, property disputes, and business matters. His business consulting involves choice of and formation of business entities such as sole proprietorships, partnerships, corporations, and Limited Liability Companies. Gary received a Bachelor of Science degree in business finance from Brigham Young University in 1984. He received his Juris Doctorate from California Western School of Law in 1988. He is admitted to practice in all courts in the State of California and in all courts in the State of Colorado, U.S. Bankruptcy Court in the Southern and Central Districts of California, Federal District Court in the Southern and Central Districts of California, Federal District Court and U.S. Bankruptcy Court in the District of Colorado, and U.S. Tax Court. Gary is the host of his own radio show, “GQ on the Law” on Stitcher Radio and can be found in iTunes. He is a weekly guest on the “Word on Wealth” radio program with Marty Schneider on KCBQ 1170 AM and KPRZ 1210 AM. He is past president of the California Society of Tax Consultants at the state level and is president of CSTC San Diego Chapter. PRESIDENT’S MESSAGE Amber Morgan, EA, Inland Empire Chapter President of CSEA Esteemed colleagues, cussed interactions with IRAs and trusts. As our guest speaker With the passing of the Tax Cuts & Jobs Act of 2018, we for August, Gary Quackenbush, Esq. will get us current on our are presented with an ideal opportunity for us to demonstrate role as tax practitioners in helping settle a client’s estate. our abilities as America’s Tax Experts. This major overhaul of One of the aspects I enjoy most about our dinner meet- the tax code presents taxpayers with a very unique set of chal- ings is the ability to engage with my fellow tax practitioners lenges (like complex QBI calculations), not to mention that and discuss what we’ve taken away from that evening’s presen- the IRS still owes us a bit of guidance on these new regs. tation. This experience has proved invaluable to me, as I find However, as passionate and dedicated tax practitioners, we it incredibly helpful to hear different professional perspectives. strive to acquire the necessary knowledge to properly advise Be sure to check in on our website to see our upcoming and/or advocate for our clients. speakers and events. We’d love to see you here! Fortunately, our members will have the chance to hone Speaking of our website, please know that it has been their skills and glean critical tax law updates when they attend updated to reflect current information for our chapter. Should our upcoming dinner meetings. Our past speakers have you have any questions or concerns do feel welcome to reach included Lynn Freer who offered a California Update and out to any member of the Board of Directors or myself as your conformity to TCJA; Lee Reams Sr, EA, who brought us up- President to share your valuable member feedback. After all, to-date on the TCJA; Dennis Sandoval, EA, JD, CELA dis- this is your chapter! 2018-2019 Board of Directors President CSEA Representative Chapter Update Amber Morgan, EA Victor Morel, EA 909/915-1040 951/237-8728 Sylvia Andrade, EA, Chapter Secretary [email protected] [email protected] A Board meeting of the Inland Empire Chapter of the CSEA was held on July First Vice President Victor Morel, EA 11, 2018, at the DoubleTree by Hilton in San Bernardino. Several matters of Directors 951/237-8728 importance to the membership were discussed. Treasurer Jackie Kincaid is tempo- [email protected] Paul Cheatham, EA 909/944-0446 rarily unable to perform her duties due to health problems. She should be able to Second Vice President [email protected] Gloria J Williams, EA return to her duties in about six weeks, depending on her health improving. It was 951/928-6283 Monika Krulic, EA [email protected] 951/850-9514 agreed that in the meantime, Ron Uehle serve as Temporary Treasurer, until she is [email protected] Secretary able to come back. Ron Uehle will also be manning the reception table at the next Sylvia Andrade, EA Patricia LaRue, EA 760/955-1829 909/874-5664 meeting, because Kim is unable to continue. [email protected] [email protected] We are expanding our marketing for the IRS Practitioner Seminar to be held Treasurer Barbara Robertson, EA Jackie Kincaid, EA 909/466-7644 in Ontario, on January 15. It is imperative that we increase attendance to avoid 951/204-4882 [email protected] losing the seminar and its income. Vicki Mulak will be speaking for four hours at [email protected] Gerald Watson Jr, EA the seminar, which will cover the legislative changes to the tax law. Immediate Past President 951/242-8920 Joel Hendriks, EA [email protected] Joel Hendriks has accepted the Historian position. He is very much interested 909/797-3140 [email protected] in receiving photographs showing the history of the chapter. CSEA Director Don Stacy received the EA Distinguished Service Award from the State orga- (Two Year Term) nization. Ron Uehle, EA 800/436-4199 Monika Krulic has taken over the newsletter job and will need to receive news [email protected] articles by the 23rd of each month. There is a need for a By-Laws Chairperson, due to the State requirement for CSEA Inland Empire Chapter an anti-sexual harassment clause to be added to the Chapter By-Laws. Committee Chairs 2018-2019 State is allowing some EA's who have not been members for years to return as AWARDS MEMBERSHIP associate members, without NAEA membership. They will not be eligible for elec- TBD Gloria J Williams, EA tion to offices. BUSINESS RETENTION 951/928-6283 TBD [email protected] We hope to see you at the August meeting at the DoubleTree. BYLAWS NEWSLETTER TBD Monika Krulic, EA 951/850-9514 CO-SPONSORED SEMINARS [email protected] Barbara Robertson, EA NOMINATING 909/466-7466 [email protected] Joel Hendriks, EA Report on Annual Board Meeting 909/797-3140 DISASTER SERVICE [email protected] Don Stacy, EA, CMA, MBA TBD PROGRAM (Editor’s Note: This report addresses the portion of the CSEA Annual Meeting EDUCATION Victor Morel, EA Patricia LaRue, EA 951/237-8728 that took place on June 24, 2018; Ron Uehle’s report covering the later sessions of 909/874-5664 [email protected] [email protected] the meeting was included in our July newsletter.) PUBLIC INFO. & FINANCE & BUDGET AWARENESS Members and leaders for CSEA gathered in Reno on June 24, 2018 for the Ron Uehle, EA Monika Krulic, EA 909/703-0273 951/850-9514 Annual Meeting. Prior to the afternoon general session, the board members and [email protected] [email protected] chapter presidents were orientated to the duties and expectations of the their FINANCIAL REVIEW SCHOLARSHIP offices. This was the first time in over ten years I was not attending these meetings Gloria J Williams, EA TBD 951/928-6283 STRATEGIC PLANNING in any official capacity. [email protected] Victor Morel, EA HISTORIAN 951/237-8728 Reports from each of the current officers were presented, along with a report Joel Hendriks, EA [email protected] of each Chapter’s accomplishments. I have copies of this year’s “Year in Review” 909/797-3140 WEB-SITE [email protected] and would be willing to share them with any member requesting to see them. The Gloria J Williams, EA LEGISLATIVE 951/928-6283 audit report was presented, giving the accounting records a clean bill of health. Don Stacy, EA [email protected] 951/203-9021 Greetings were given by new NAEA president Jean Nelsen, EA who now [email protected] resides in Palm Springs and will hopefully be attending some of our chapter meetings, even though her heart remains in the Bay Area.

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