|
Blue Ridge Chapter Virginia Society of Enrolled Agents |
|||||||
|
The Menu:
|
Meetings > Minutes Index > Previous Page > January, 2007 - May, 2007 > Next Page
Chapter Meeting Minutes
|
|||||||||||||||||||||||||||||||||||
|
In Attendance: Members: |
|
|
James Dishman Michael Harrison Don Houck Benny Montgomery Mary Moore |
Charles Spencer David R. Tanner Andy Turner Sharon Tabor Warren Ann T. Wood |
Guests: |
|
| Grace Robelen | |
|
The January meeting of the Blue Ridge Chapter of the Virginia Society of Enrolled Agents was held on Wednesday, January 17th, 2007, at China Super Buffet in Lynchburg. President Michael Harrison called the meeting to order at 12:05. David Tanner distributed the Quickfinders and Tax Books (All states did not arrive). There was no treasurer's report but anyone who may still owe for the reference material is urged to mail David a check ASAP. You can check with him for amounts and his mailing address. Michael Harrison suggested the group come up with topics for discussions/CPE for the coming year. Topics will be distributed prior to the meeting and members are urged to bring answers, questions, comments, and source material on the subject to the meeting. A facilitator will be selected for each topic. The topic for the April meeting will be "Deductibility of Health Insurance for S-Corporations." Michael Harrison will facilitate. The meeting will be Wednesday the 18th at Famous Anthony's (Williamson Road) in Roanoke. David Tanner will book the location. An additional topic of Record Retention was suggested for a future meeting. Following lunch, at 12:55, Michael Harrison presented the CPE, "Compensation for Shareholders in an S-Corporation." As always, the topic invited a lot of discussion and some war stories. A member said as an IRS Agent, he would go for maximum compensation to shareholders in a small corporation unless there were extenuating reasons to keep funds in Retained Earnings; however, as an EA representing a client, he would take the opposite position. Bottom line: it's a case-by-case situation and there's room to bargain. One hour of CPE will be given. The meeting adjourned at 2:05. Sharon Tabor Warren, EA Secretary |
|
|
In Attendance: Members: |
|
|
William D. Barbour Rebecca Donahew Gunther Greimel Michael Harrison Don Houck Nancy Lynch |
Benny Montgomery Charles Spencer David R. Tanner Sharon Tabor Warren Ann T. Wood |
Guests: |
|
| Gail Abbot | Ginger Sawyer |
|
The April meeting of the Blue Ridge Chapter of the Virginia Society of Enrolled Agents was held on Wednesday, April 18th, 2007, at Famous Anthony's, Williamson Road, in Roanoke. President Michael Harrison called the meeting to order at 12:05. Michael was able to deliver five minutes on his topic of health insurance for S-Corp shareholders before the meal was served. At 12:45 the meeting was resumed. Charles Spencer, a Director with VASEA gave an update on the abrupt resignation of Mike Hall, the state society's Executive Director, in mid-January. He also gave the chapter insight on VASEA's contract with Catapult Management Company, a professional association management firm. The present contract runs through June of this year and bids will be solicited for a future management contract. During the travail of immediate removal of all VASEA records and equipment from Hall's home office, many hours and miles were expensed by President Winston Macon, Director Steve Rue and Treasurer Barbara Taylor. They packed, moved, stored and eventually delivered. Gail Abbot suggested a letter of appreciation be sent to them from the chapter. President Michael Harrison will do this. Sharon Tabor Warren read a touching e-mail regarding the Virginia Tech Tragedy of April 16th, 2007. Michael resumed his comments on S-Corps and health insurance at 1:15 and concluded at 1:20. A quarter hour of CPE will be given. Training for the May meeting was discussed. Benny Montgomery agreed to make a short presentation on how to read a HUD statement, a topic requested by David Tanner. He cautioned it would not fulfill our usual CPE slot of one hour. Charles Spencer said there had been a tax return devised by NAEA member that several professionals had completed with varying results. He suggested it be made available to the membership and that we work on it and bring our solutions with appropriate cites to the May meeting. Discussion, under the guidance of Charles, should fill the hour. If it runs longer, we may continue for more than the hour or carry it over to the June meeting. The meeting will be Wednesday the 16th at Ippy's in Rocky Mount. Nancy Lynch will make arrangements for the site. If anyone has not received the tax return for May's meeting, please contact David Tanner at dtannerea@aol.com. The meeting adjourned at 2:05. Sharon Tabor Warren, EA Secretary |
|
|
In Attendance: Members: |
|
|
Mary G. Adkins William D. Barbour Gregg Countryman Rebecca Donehew Michael Harrison Nancy Lynch |
Benny Montgomery Mary L. Moore Charles Spencer Andy Turner Sharon Tabor Warren |
Guests: |
|
|
Gail Abbot Lola Cannaday |
Paul Donehew |
|
The May meeting of the Blue Ridge Chapter of the Virginia Society of Enrolled Agents was held on Wednesday, May 16th, 2007, at Ippy's in Rocky Mount. President Michael Harrison called the meeting to order at 12:00. Benny Montgomery presented his topic: Understanding the HUD-1. A quarter-hour of CPE will be given. Charles Spencer immediately followed with "Meet the Baileys," A Tax Return Challenge, until lunch was served at 12:45. He continued following lunch at 1:00 and we wrapped up the topic at 1:25. Three-quarters of an hour of CPE will be given. Charles also announced VASEA's Spring Seminar will be held in Fredericksburg June 7-9th. Early Bird seminar and room rates are available through May 18th. He reminded President Harrison that a Nominating Committee should be appointed so elections can be held according to our by-laws. The Nominating Committee is Bill Barbour (chair), Benny Montgomery, Nancy Lynch and Mary Moore. The secretary requested that places and CPE be scheduled for June and July. Nancy Lynch has another tax return challenge which she will facilitate at both meetings. She disseminated the considerable material associated with the problem (additional copies can be mailed). The June 20th meeting will be held in Lynchburg at the China Super Buffet, Waterlick Plaza and the July 18th meeting will be at Famous Anthony's, Williamson Road in Roanoke. The meeting adjourned at 2:10. Sharon Tabor Warren, EA Secretary Nominating Committee's Slate of Officers: President: Rebecca Donehew Vice-President: William Barbour Secretary: Sharon Tabor Warren Treasurer: David Tanner Board of Directors: Gunther Griemel, Mary Moore, Charles Spencer |
|
< Previous Page | Next Page >
|
Tax laws are subject to change at any time. Consult your local Enrolled Agent for the latest information.
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. |
|
 |
Virginia Society of Enrolled Agents P. O. Box 2873 Mechanicsville, VA 23116 Phone: (804) 723-5888 E-mail: admin@vasea.org Web site: www.vasea.org |
 |
National Association of Enrolled Agents 1730 Rhode Island Avenue, N. W., Suite 400 Washington, DC 20036-3953 Telephone: (202) 822-6232 Toll Free: (855) 880-6232 E-mail: info@naea.org |
|
© 2002-2019 Blue Ridge Chapter Virginia Society of Enrolled Agents |
|||