2007 Irs Form 8396

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2007 Irs Form 8396 document sample

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							                                          SPACE CAPITAL STATEMENT
                                                         Chapter #136 ~ Huntsville, Alabama
                                                  Volume 26 Issue 6 ~ December 2007/January 2008
  American Society of Women Accountants



                                President’s Message
                                Imagine the possibilities….visualize the possibilities.

                                It is a new year. We can start fresh again. We can change old habits, create
                                new ones, establish goals for the year, go back to school, finish a degree-- or start
                                a new one….the possibilities are endless. We all need goals to get us through
                                life, or at least we need to keep looking forward. We can’t change the
                                “yesterdays” in our lives (whether they were good or bad) but we can change
                                what we do today and what we do in our “tomorrows.”

                                Change, or even a hint of change, can be frightening to some people. Change can
                                actually be a good thing. It keeps us out of ruts and causes us to take charge of
                                our lives. If you don’t like a situation because something has changed, maybe
    2007 – 2008                 you need to re-evaluate your own life. It could be that it is time to move on,
       Officers                 move up—or move out! We will always have to deal with change. We can
                                always make it into a positive!
President –
            Cindy Golub
                                I encourage our visitors to come back and join the ASWA Huntsville Chapter.
President-elect –
          Teresa Shurtz         It is an excellent way to build your network—and gain new friends. To our
Secretary –                     members, I challenge everyone to bring at least one new member to our chapter
       Becky McDonald           this year. It would be phenomenal to have over 100 members in June, 2008.
Treasurer –
           Anita Newton         The Huntsville ASWA Chapter celebrated its 25th Anniversary on Saturday,
Past President–                 December 8, 2007 at the Huntsville Country Club. We were very fortunate to
        Becky Alexander
                                have the current National ASWA President, Karen Gunther, the National
                                ASWA President-Elect, Barbara Covington, the National ASWA Immediate
      Directors
                                Past President, Joy Barron, and ASWA Southeast Regional Director, Berranthia
      Sylvia Ayers              Brown, join us on this special occasion. We also had several past ASWA
       Nicole Keel              Huntsville Chapter Presidents reminisce about their year(s) in office. Dixie
      Benita Lewis
                                Junction, a barbershop quartet, performed at the celebration. We recognized
     Carrie Tremko
                                charter members, long-time members, and a special recognition of Florence Royer,
                                a charter member, who has become known as the “Mother of the Huntsville
 The mission of ASWA            Chapter.” We appreciate Florence for her dedication to the chapter, and what
is to enable women in           she means to us.
  all accounting and
    related fields to           I hope you all had a Merry Christmas. I wish you the very best for 2008! Our
   achieve their full           next meeting is Tuesday, January 8th. I hope to see you all there.
personal, professional
     and economic                                 Cindy Golub
    potential and to
contribute to the future
 development of their
       profession.
                                             Page 1 of 5
           JANUARY MEETING                                          JANUARY NETWORKING
                                                                         LUNCHEON
Tuesday, January 8, 2008
Holiday Inn Downtown                                                      Thursday, January 24
Sun Room in Lofton’s                                                Any time between 11:30 and 1:00
                                                                             Olive Garden
5:40 - Social Hour and Networking                                        3730 University Drive
6:00 - Buffet Dinner                                                           539-1955
6:30 - Program
                                                               Come and go any time between 11:30 and 1:00
                                                               to suit your schedule. Call Becky McDonald
Speaker: Stephanie K. Kingsford, CPA
                                                               (704-0620) if you are planning to come so
                                                               she can arrange to have adequate seating.
Topic: “Tax Update."

This topic qualifies for 1 hour Basic                                        NEW MEMBER
level CPE – Tax. No prerequisites.
                                                                            Jessica Rivera
Reservations must be made by noon on                           Anglin Reichman Snellgrove & Armstrong, PC
Friday, January 4

Contact Florence Royer at 830-0777 or                             Please take a minute at every meeting to
royerfe@juno.com.                                               introduce your self to at least one visitor or
                                                               person you don’t know. You may be meeting
The treasurer will bill for reservations made                              your new best friend!
but not honored.

CPE Credits: In accordance with the standards of the
National Registry of CPE Sponsors, CPE credits have been             DECEMBER BIRTHDAYS
based on a 50-minute hour. ASWA is registered with the
National Association of State Boards of Accountancy
(NASBA) as a sponsor of continuing professional education                1 Carrie Tremko
of the National Registry of CPE Sponsors. ASWA's National
Registry Sponsor Number is 105423. State boards of
                                                                        18 Katie Huhlein
accountancy have final authority on the acceptance of                   23 Susan Parton
individual courses for CPE credit. Complaints regarding
registered sponsors may be addressed to the National
Registry of CPE Sponsors, 150 Fourth Avenue North, Suite
700, Nashville, TN, 37219-2417 or www.nasba.org
Telephone: (615) 880-4200. ASWA National Headquarters:
                                                                      JANUARY BIRTHDAYS
8405 Greensboro Drive, Suite 800, McLean, VA 22102 -
                                                                         5   Annette Mills
                                                                         6   Joyce Skinner
                                                                        18   Emilie Galarneau
                                                                        21   Benita Lewis
                                                                        22   Lynn Lacy
                                                                        24   Cindy Golub
                                                                        24   Janice Jaramillo
                                                                        27   Lori Sholly-Reever
                                                                        27   Amanda White




                                                 Page 2 of 5
   HUNTSVILLE CHAPTER’S
     25th ANNIVERSARY



If you did not attend the 25th Anniversary Brunch        Special thanks to those who made this event such a
on Saturday, December 8, at the Huntsville Country       success –
Club, you missed a VERY SPECIAL DAY!
                                                         Yvonne Tafoya chaired the committee and spent
We were honored to have four representatives from        countless hours searching through newsletters and
the ASWA national organization with us – Karen           minutes of meetings for highlights from the last five
Gunther, President; Barbara Covington, President-        years, as well as contacting the special guests and
elect; Joy Barron, Immediate Past President; and         former members, and overseeing many other details.
Berranthia Brown, South Central Regional Director.
Each of them offered congratulations and words of        Dawn Brunet, Angela Langston, Becky McDonald,
encouragement to the chapter members.                    Annette Mills, Teresa Shurtz, and Carrie Tremko
                                                         assisted Yvonne with contacting former members.
Seventeen past chapter presidents shared
reminiscences from their term of office.                 Donna Dutton contacted all the past presidents, as
                                                         well as a number of former members.
A barbershop quartet, Dixie Junction, provided
delightful music (including a serenade to Yvonne         Bernadette Nixon and Teresa Shurtz prepared the
Tafoya!).                                                PowerPoint presentation with pictures from our past.

We had hoped that Kathleen Eidson could come             Ric and Teresa Shurtz coordinated the videotaping and
from Atlanta for this special occasion. She was the      video presentations, and handled the technical things
Area Director at the time our chapter was chartered      that were beyond the capabilities of the rest of us.
and has attended a number of our meetings over the
years. However, she was unable to be here due to         Annette Mills and Carrie Tremko registered and
prior commitments, but she sent her congratulations      welcomed the guests as they arrived.
along with the words to a ditty she composed and
sang at our 10th anniversary. She suggested that we      And, of course, a very special thanks to Florence
have someone sing it – but instead we played the         Royer. She assisted in all the fine details that made
video of her performing the song at that occasion,       the event run smoothly. The chapter appreciates her
which was a definite highlight of our celebration!       dedication.

The food was delicious, and the dining room was          It was definitely a team effort, and each member of
beautiful – both of which added to the enjoyment of      the team did a superb job. The memories of a
the day.                                                 VERY SPECIAL DAY will linger for many years!




                                           Page 3 of 5
IRS ANNOUNCES DELAY IN PROCESSING                                  JOB OPPORTUNITY

The Internal Revenue Service has announced that                  Cost Accounting Manager –
the upcoming tax season is expected to start on time                   Sara Lee Foods
for everyone except certain taxpayers potentially
affected by late enactment of the Alternative             Responsible for directing all activities
Minimum Tax patch legislation.                            related to the auditing and processing of
                                                          Operations and Inventory data required
Following extensive work in recent weeks, the IRS
                                                          to generate the Weekly Cost Report and
expects to be able to begin processing returns for the
vast majority of taxpayers in mid-January. However,       other related reporting. Guide and direct
as many as 13.5 million taxpayers using five forms        all activities of Cost Accounting group
related to the Alternative Minimum Tax (AMT)              for daily, weekly and monthly reporting
legislation will have to wait to file tax returns until   of Standard Cost of Goods manufactured
the IRS completes the reprogramming of its systems        reconciliations and necessary variance
for the new law.                                          investigation and reporting. Directs and
                                                          performs accounting functions and
The IRS has targeted February 11 as the potential         related analysis for to support business
starting date for taxpayers to begin submitting the       growth and ongoing business analysis.
five AMT-related returns affected by the legislation.
The February date allows the IRS enough time to           Qualified candidate will have a
update and test its systems to accommodate the
                                                          Bachelor’s degree in accounting or
AMT changes without major disruptions to other
operations related to the tax season. As the IRS has      finance with 5+ years Cost Accounting
said previously, it will take approximately seven         experience. Manufacturing industry
weeks after the AMT patch was approved to update          experience preferred. Must have strong
IRS processing systems completely.                        financial system knowledge and
                                                          thorough knowledge of Microsoft Office
The February delay caused by the AMT patch will           Suite. BPCS or SAP systems knowledge
affect taxpayers using any of these five forms:           preferred. Proven skills in providing
                                                          leadership and direction to direct reports.
Form 8863, Education Credits.
Form 5695, Residential Energy Credits.                    Please email resume to
Form 1040A's Schedule 2, Child and Dependent              efevans@una.edu or fax to 765-5066.
Care Expenses for Form 1040A Filers.
Form 8396, Mortgage Interest Credit.
Form 8859, District of Columbia First-Time
Homebuyer Credit.

While these five forms require significant additional             OUR CONDOLENCES
reprogramming due to the AMT patch, the IRS has
been able to reprogram its systems to begin               Our thoughts and prayers are with Cindy
processing seven other AMT-related forms,                 and Ron Golub. Ron’s father passed away
including Form 6251, Alternative Minimum Tax –            in early December.
Individuals. Taxpayers filing these seven forms
should not experience delays in filing, and the IRS
expects to begin processing those returns starting on
January 14.




                                            Page 4 of 5
                        About Us…
                        ASWA was organized in 1938 to increase the opportunities for women in all fields
                        of accounting and finance. The first chapter was chartered in Indianapolis,
                        Indiana. Members include partners in national, regional and local CPA firms,
                        financial officers, controllers, academicians, financial analysts and data
                        processing consultants, college students and recent graduates, and women
 P.O. Box 1561          returning to the work force. Many of our members have attained professional
 Huntsville, AL 35807   certifications such as CPA, CMA, CIA, and CFP.
 Phone:                 The Huntsville chapter was chartered on December 4, 1982. We hold monthly
 (256)-830-0377         meetings with programs of technical and educational value in a wide range of
                        topics of interest to professional women.
 E-Mail:
 skingsford@
 beasonnalley.com
                               Name                    Office                     Email Address
                        Cindy Golub          President                  cgolub@dbresearch.net
                        Teresa Shurtz        President-elect            shurtzt@knology.net
                        Becky McDonald       Secretary                  becky.mcdonald@crbcpa.com
                        Anita Newton         Treasurer                  anitanewton19@bellsouth.net
                        Sylvia Ayers         Director – 2 year   term   sylvia.l.ayers@saic.com
We’re on the Web!       Nicole Keel          Director – 1 year   term   nkeel@dese.com
                        Benita Lewis         Director – 2 year   term   bmdlewis@charter.net
See us at:
                        Carrie Tremko        Director – 1 year   term   cltremkocpa@knology.net
www.aswa136.org         Becky Alexander      Past President             balexander@crbcpa.net




                                    Page 5 of 5

						
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