Chapter Meeting Minutes

1. The wording indicates the VASEA Treasurer is to be a signatory on the Chapter accounts. This indicates the VASEA Treasurer must sign each check. This would unnecessarily delay and complicate the payment of legitimate Chapter bills. Further, the VASEA Treasurer will have to travel to Roanoke to sign the signature card in the presence of the bank personnel each time there is a change. Further the Chapter does not wish to accept responsibility for the actions of the VASEA Treasurer as noted in #2 below.
2. If VASEA decides the VASEA Treasurer is to be one of many authorized signers on the Chapter's bank account - the Chapter is still opposed. The Chapter has no way of knowing what actions the VASEA Treasurer is taking and the Chapter feels we are all responsible/professional individuals fully capable of handling our own affairs. The Chapter Officers (Treasurer and President - the current signers as approved by the Chapter last month) are the responsible parties on the Chapter's bank accounts and the Chapter Members do not wish to be responsible for the actions of the VASEA Treasurer. We recognize the Chapter is an affiliate of the Virginia Society but nonetheless we wish to maintain control over our own financial affairs. And once again, the VASEA Treasurer will have to travel to Roanoke to sign the Signature Card each time there is a change and that could unnecessarily delay the payment of legitimate bills. Therefore, it is the consensus of the Chapter that the "Local Chapter Guidance" be changed to eliminate the VASEA Treasurer as being a Signatory on Chapter accounts or a signer in any capacity for which the Chapter takes responsibility.
   
   The above concerns and recommended change to the "Local Chapter Guidance" to be passed on to the By-Laws Committee prior to the September 27, 2006 meeting by Charles Spencer.
   
   The meeting place for next month's meeting is to be booked by David Tanner. The next meeting will feature Mike Spears for the Roanoke IRS office.
   
   The business meeting concluded and the educational portion of the meeting began at 1:10 pm with Mike Harrison, EA, speaking on Current Collection Issues. Mike spoke on the increased emphasis by the IRS on collections, Offer-in-Compromise issues, the changes to collection standards and the current out sourcing of collection activities. The educational portion concluded at 2:05 pm, and the meeting adjourned.
   
   Respectfully submitted,
   
   Charles R. Spencer, EA
   Substitute Secretary

Please Note: This information is provided to you by the Blue Ridge Chapter of the Virginia Society of Enrolled Agents for use as general guidance. The Chapter is not engaged in rendering specific legal, tax, or accounting advice. Only a qualified tax professional with all the facts at his or her disposal can determine the appropriateness of the application of any law to a given set of facts.