December 2007 | Peninsula Silicon Valley Chapter Bulletin

Attention Managing Partners & HR Staff!

Join the San Francisco Chapter LITIGATION CONSULTING SERVICES: The FEHA and ADA require employers to engage in an interactive process to accommodate employees and applicants for employment who have physical and mental disabilities. Many employers are not aware of the interactive process, don't know when the process should begin, and don't know when the process has been completed. This is a significant new area of emphasis for plaintiff and workers' compensation applicant attorneys, allowing them to recover damages and attorneys' fees against employers.
Date: Monday, Dec. 3
Topic: FEHA and ADA Workplace Accommodation
Speaker: David Tate, Esq., CPA
Time: 12 noon – 1:30 p.m.
CPE: 1 hour
Location: Bankers Club, 555 California St, 52nd floor, San Francisco
Cost: $40/members, $50/nonmembers, $45/members w/o reservation
Click here to register.

CalCPA co-hosts Financial Women's Association Industry Leadership Series Event

The Untold Story of International Finance in the Post 9/11 World
Date: Tuesday, Jan. 8
Location: Palo Alto
Speaker: John B. Taylor, Professor of Economics, Stanford University, Senior Fellow, Hoover Institution.
   As a member of the President’s Council of Economic Advisors from 2001-5, Taylor served as Under Secretary of the Treasury and head of the international division, playing a central role in the financial front of the war on terror. Prof. Taylor will share personal stories about the united efforts of extraordinary individuals from the world’s finance, banking, intelligence and diplomatic communities, all helping to protect the world against terrorist attacks.
   For further details and registration, go to www.fwasf.org.

Seventh Annual Estate Planning Symposium

Topics covered include:

• Income Tax Planning and Compliance Issues for Trusts and Estates
• Out-of-State Trusts: When, Where and Why?
• GST Trust Allocation: Benefits and Pitfalls
• Estate and Gift Tax Developments and Update

Speakers: Michael Fredlender, CPA; Dan Schrauth, vice president and wealth adviser, JP Morgan; Katherine L. Rauch, CPA; and Stephanni Hemmi, Esq., Schiller Law Group
Date: Wednesday, Jan. 23
Time: 1–5 p.m.
Location: Sheraton Palo Alto
RSVP: Online

IRS Update: Litigation Special Joint Meeting Postponed

Please save Tuesday, Jan. 29 to join members of the San Jose Silicon Valley Chapter for this rescheduled special presentation by Brenda Woolbert from the IRS Los Angeles office. This will be a repeat of her talk to the AICPA. Look for details online early in December.

Bay Area Regional Education Events

Topic: Federal Taxation of Partnerships & LLCs: Operations and Allocations
Topics: California and federal tax compliance issues involving partnerships, LLCs and LLPs; partner/LLC member loss limits; partnership allocations under IRC Sec. 704(b); forward and reverse allocations involving built-in gain or loss property under IRC Sec.704(c); and allocations of liabilities
Speaker: Gary McBride, JD, LLM, CPA, professor, Cal State East Bay
Date: Friday, Jan. 18
Location: SFSU Downtown Center
RSVP: Online

Topic: Tax, Bankruptcy and Financial Problems: What to Do When Bad Things Happen to Good Clients
Speaker: Arthur Werner, JD
Date: Saturday, Jan. 19
Time: 7:30 a.m./registration; 8 a.m.–4:30 p.m./program
Location: Waterfront Plaza Hotel; Oakland
CPE: 8 hours
Cost: $140/members; $190/nonmembers
RSVP: Online
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MAP

Date: Tuesday, Dec. 4
Time: Noon
Location: Crowne Plaza Hotel; 4290 El Camino Real; Palo Alto
Cost: $20 (payable at the meeting)
RSVP: Tim McCrone, (650) 948-7180
Note: Attendance limited to those with confirmed reservations.

Nonprofit Interest Group

Topic: SAS 99 Fraud Considerations
Date: Wednesday, Dec. 5
Time: 8:30–10 a.m.
Location: Office of Jack Morton; 385 Sherman St., Suite 2; Palo Alto
CPE: 1.5 hours
RSVP: (650) 323-6666 or laarni@lvr.netbox.com

Estate and Trust Committee

Do your clients ask you whom they should name as beneficiaries of retirement accounts? Are there any good reasons to name a trust or should they stay away from that choice? Does your client need a contingent beneficiary? Who or what should be named a contingent beneficiary? What happens if there is no beneficiary at all?
Topic: Should You Trust a Trust as an IRA Beneficiary?
Speaker: Mary Kay Foss, CPA, Marzluft Tulis & Foss
Date: Tuesday, Dec. 4
Time: Noon–1:30 p.m.
Cost: $25/CalCPA & Bar Association members; $35/others
CPE: 1 hour
Location: Silicon Valley Community Foundation; 1700 S. El Camino Real; San Mateo
RSVP: Online

Taxation Committee

Do you have clients whose aunt "gave them this stock and it was worth $X on the date of the gift, so that must be its basis for computing gain or loss?” Or do you have clients who still want to roll over the gain from the former personal dwelling into its replacement? How do you respond? Find out at this event.
Topic: Common Client Misunderstandings and Update for 2008
Speaker: Leonard Williams, CPA
Date: Thursday, Dec. 6
Time: Noon–1:30 p.m.
Location: Hobee’s; 111 Shoreway Road; Belmont
Cost: $25/members; $35/nonmembers
RSVP: Online
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