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Blue Ridge Chapter Virginia Society of Enrolled Agents |
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Meetings > Meeting Minutes Index
Chapter Meeting Minutes IndexMinutes for Most Recent Meeting: April 16, 2008Click the link to see the month's minutes.Click here to return to the Meetings page.
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In Attendance: Members: |
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William Barbour Rebecca Donehew Gunther Greimel Don Houck |
Benny Montgomery Charles Spencer David Tanner Sharon Tabor Warren |
Guests: |
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| Paul Donehew | Ginger Sawyer |
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The April meeting of the Blue Ridge Chapter of the Virginia Society of Enrolled Agents was held on Wednesday, April 16th, 2008, at Szechuan Restaurant in Roanoke. There was no formal business meeting. Rebecca announced that in deference to Benny Montgomery, the March meeting would be held in Lynchburg. Sharon Tabor Warren agreed to contact Michael Harrison to arrange for the room at Super China Buffet. No topic for CPE has been determined. There was informal discussion of various issues that arose during tax season. Most was divided between the upper and lower ends of the table but at some point, the discussion included everyone. Issues presented were the fact the Virginia Retirement System issued some unusual 1099’s. In addition to the fact that nowhere is the year 2007 on the forms, amounts were questionable. It was also been determined that Forms 1098-T (Tuition Statement) are almost useless and taxpayers need to provide statements from the college financial office if we’re to be certain of the amount to claim as tuition credit. The question was raised that when a 1099-R has a gross distribution amount and a lesser taxable amount, which is used for the state distribution? Some thought it should be the lesser amount but it was pointed out that when the provider of the 10A99-R included a state distribution it was the gross. It doesn’t make a difference in Virginia but can in states that don’t tax, or allow credit, for retirement earnings. There was no substantiated answer. The last question raised was regarding bartering, because it’s much more prevalent today and is included on the Due Diligence list. The matter was tabled with the thought it might be the topic of a future CPE presentation. The gathering disbursed at 1:45. No CPE will be given. Sharon Tabor Warren, EA Secretary |
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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. |
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Virginia Society of Enrolled Agents 2415 Westwood Avenue Richmond, VA 23230 Phone: (804) 340-5225 Toll-free: (800) 344-8732 Fax: (804) 288-3551 E-mail: admin@vasea.org Web site: www.vasea.org |
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National Association of Enrolled Agents 200 Orchard Ridge Drive, Suite 302 Gaithersburg, Maryland 20878-1978 EA Referral Line: (800) 424-4339 Telephone: (301) 212-9608 Fax: (301) 990-1611 E-mail: info@naeahq.org |
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