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MaSEA Virtual Social Cocktail Gathering
When: Dec. 3, 6:00 PM - 7:30 PM
Join the Massachusetts Society of Enrolled Agents as we host a virtual cocktail social. Meet members from across the state. Share how you have been dealing the effects of the COVID-19 pandemic and more. A Zoom link will be provided to all registrants prior to the start of the event.
CLICK HERE TO REGISTER
CPE opportunity: "Cost Segregation"
With Dave A. Fabian, Jeffrey D. Hiatt and Kyle R. Young
When: 1:00 PM - 3:00 PM, Monday, Dec. 7
Where: Via Zoom
The CARES Act and other recent tax legislation have created many opportunities for real estate owners, including the Qualified Improvement Property (QIP) technical correction many were waiting for. We will discuss strategies and opportunities as provided by the reintroduction of NOL carry-backs, as well as the temporary elimination of the 80% NOL carry-forward, favorable adjustments to Section 163(j), new abilities to amend tax returns, and of course QIP. We will also discuss the post CARES Act Rev. Process and other updates, explaining ways to maximize the tax tools available for real estate owners.
Attendees will receive 2 IRS CPE at no cost to MaSEA members. Non-members will pay a $25 registration fee.
*MaSEA members, please use the email address that was used to create your NAEA membership to ensure that you receive the membership discount.*
About Our Speakers:
David A. Fabian
Dave has over 20 years of experience with MS Consultants, and he has been personally involved in over 15,000 Cost Segregation Studies on all types of projects including restaurants, apartment complexes, automobile dealerships, manufacturing plants, office buildings, retail centers, and many more. Dave has traveled throughout the country to analyze property, prepare cost segregation studies, meet with clients, and make presentations.
Dave’s responsibilities include managing all cost segregation projects and all engineers and accountants on staff. He initiated and developed the firm’s comprehensive in-house cost segregation training program and ensures team members are informed of all current developments in the areas of depreciation, tax, and engineering. He ensures that all reports are of the highest quality, all parties involved in the study (client’s in-house accountant, CPA firm, project managers and engineers) are updated on the progress of the study as it is in process, and the results are communicated to appropriate parties in a timely fashion.
Prior to joining MS Consultants, Dave had 12 years' experience in public accounting and private industry. He received his B.S. in Accounting from Canisius College. He is a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.
Jeffrey D. Hiatt
Since joining MS Consultants in 1999, Jeff has developed and fostered relationships with CPA firms, real estate professionals and accounting societies throughout the New England area helping to make MS Consultants the leading provider of Cost Segregation Studies in the Northeast.
Jeff is a graduate of Indiana University. He has lectured on cost segregation providing CPE training to accounting firms and tax institutes. He has been a speaker for the Boston Tax Institute, Massachusetts Society of CPAs, New Hampshire Society of CPA’s, Maine Society of CPAs, Massachusetts Association of Public Accountants, New Hampshire Society of Accountancy, Maine Real Estate Developers Association, and New Hampshire Commercial/Industrial Board of Realtors. He is a member of the Rotary Club of Hampton, New Hampshire and a Board Member of Veterans Count.
Kyle R. Young
Kyle Young joined MS Consultants in 2007 and works closely with both building owners and Certified Public Accountants to ensure the Cost Segregation, §179D Deduction, Historic Rehabilitation Certification, and other engineering based study processes run proficiently through excellent communication, and high regard for client satisfaction. He has traveled to many areas of the country to meet with clients, prepare studies, and present to various organizations.
He is responsible for analyzing depreciation schedules and related records for proper asset classification, and preparing tax filings required in conjunction with the engineering studies under the current Internal Revenue Code, and past Tax Court cases. Prior to joining MS Consultants, Kyle spent 4 years with a local Western New York public accounting firm. He received a B.S. in accounting from Daemen College. Kyle has presented before the Buffalo Tax Institute, Massachusetts Society of CPAs, New Hampshire Society of CPAs, and American Council of Engineering Companies. He is very active in his community as well, including Treasurer of a non- profit youth organization.
1040 Tax Update
With John Warren, Beth Logan & Scott Franklin
When: December 10, 1PM-5PM
Can't make it on December 10? We're doing it all again on January 9! Click here.
Where: Via Zoom
Few (if any) want to sit through a full day of instruction online, so, MaSEA will be doing the 1040 Update section and not the additional two programs we usually do in the afternoon. If you still need CE, check out the monthly meetings and other CE offerings. *Please note that the booklet and slides will be sent electronically — no printed book.
1-3pm COVID-related tax changes with John Warren - 2 CE Credits
3:30-4:30 Other tax changes with Beth Logan - 1 CE Credit
4:30-5 MA changes with Scott Franklin
*MaSEA members, please use the email address that was used to create your NAEA membership to ensure that you receive the membership discounted price.*
*NAEA members who are non-MASEA members must include an NAEA number in the registration field or your registration will be cancelled.
CPE opportunity: "SBA 504 Loan(s)"
With Kathleen Kelly, SVP of Webster Bank
When: 10:00 AM - 12:00 PM, Friday, Dec. 11
An overview of SBA 504 loan regarding the purchase of fixed assets such as majority owner occupied commercial real estate or equipment with a life of 10 years or longer, and an overview of SBA 7(a) for acquisition, equipment purchase, majority owner occupied commercial real estate purchase, debt refinance, start up, etc. The talk will be interactive with Q&A for an equal part of the time.
December Monthly Meeting
Community Property With Tim Adams
When: December 17, 5PM-7PM
Community Property – What you need to know from the basics to filing status complexities, trappings and pitfalls. Attendees will learn the rules as well as practical applications necessary especially as it relates to filing separate.
About Our Speaker
Timothy Adams began his career in the tax industry in 1994. Since then he has owned and operated his own firm. He became an Enrolled Agent in 2007 and NTPI Fellow in 2010.
Timothy is now co-owner of Allied Tax and Consulting LLC, a tax advisory firm providing a wide variety of tax services to small to mid-sized businesses and individuals with a significant focus on tax representation. Timothy has been very active both at the State and National level serving on the Texas Society of Enrolled Agents board and 2 terms as President. At the National level, he served on the Affiliate Council and as Chair of the Affiliate Council of the National Society of Enrolled Agents. In addition, Timothy has been involved in legislative advocacy, attending the NAEA Fly-In for 9 years to date.
Timothy W Adams, EA
Allied Tax and Consulting LLC
8765 Stockard Dr., Suite 404
Frisco, TX 75034
*NAEA members, please provide your NAEA number when registering or your registration will be cancelled.
When: Jan. 7, 6:00 PM - 7:30 PM
When: January 9, 10AM-2PM
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