Chapter Meetings Notice:
**Please be sure to RSVP if you plan to attend a chapter meeting. Space is limited for each meeting.**
A chapter dinner meeting with one hour of CE, is generally held on the third Wednesday of each month. They usually start with a get together at 6:30 p.m., dinner at 7:00 p.m. and the speaker at 7:30 p.m. A location will be announced for each meeting.
Next Meeting In-person: July 21, 2021
Location: Paradise Diner, 260 Warrenton Rd, Fredericksburg VA 22405
Time: 6:30 PM
Topic: Depreciating COVID; Program number: QSRNU-T-00489-21-I
Without a doubt, there has been a huge contrast between 2019 and 2020. In fact, Ben Franklin’s sage comment, “We ain’t out of the woods yet!” could easily apply to 2021. A solution being used by tax professionals to help their clients generate needed cash flow is cost segregation. Fred Clapp will provide a timely overview of best practices involving:
* Why a cost segregation study
* Qualified clients
* Compliance Issues
* Back to the Future
* Countdown for 2020 and 2021 returns
* Action Plan to become a tax hero
Speaker: Fred W. Clapp
Fred Clapp is the regional director for Cost Segregation Services, Inc.(CSSi), the Nation’s premier engineering-based cost segregation firm. A seasoned asset management professional, Fred was instrumental in building a company that became part of Bally’s Fitness, spent 16 years with Smith Barney where he managed $120MM of foundation and endowment funds and received a Certified Investment Management Professional designation from Consulting Group. Fred, and his wife Pam, moved to NoVA in 2001 for family reasons and he joined CSSI in 2012. He has completed over 300 cost segregation studies for properties ranging in size from $125k to $85MM and serves as a liaison between commercial property owners, their tax advisors, and CSSI’s engineering tax team to ensure each project is implemented and completed. Fred has a focus on the Repair Regulations and their alignment with the Tangible Property Regulations, the Tax Cuts and Jobs Act, and the CARES Act. His role is to be the calculations expert for helping tax advisors be compliant with those regulations and find additional depreciation and expense benefits for their commercial property clients.
CE: 1
RSVP here by Tuesday, July 20, 2021 to give head count to restaurant.
For more information please contact fredchaptvasea@gmail.com.
Cost: Each dinner is $30
Non-members may purchase tokens here to receive CE for this course: https://vasea.org/ce-credits-for-non-members/
If you know anyone that would benefit from this meeting please invite them to RSVP to this email address: fredchaptvasea@gmail.com
CE Credit for VASEA Members:
Receiving CE credit for attending VASEA chapter meetings is a benefit of VASEA membership. All active members and associates in good standing are eligible to receive IRS CE credit through the VASEA office for chapter meetings at no charge.
CE Credits for Non-Members can be purchased here.
If you are interested in presenting a tax topic for continuing education credit to the Fredericksburg Chapter, please click here for the “Call for Speakers” form.
We now have 2 different Facebook sites:
Closed group: https://www.facebook.com/groups/FredChapterVaSEA/
Page (open for all) : https://www.facebook.com/pages/Fredericksburg-Chapter-Virginia-Society-of-Enrolled-Agents/541205009325760
These pages/groups are a great way to interact outside of meetings, especially if you have a problem you need help with (on the closed group)
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Future Meeting dates for 2021:
These in-person meetings are subject to social distancing guidelines.
They may be cancelled, rescheduled or possible Zoom meetings.
August 18
September 15
October 20
November 17
December 15- Holiday Gathering- NO CE
