positioning your business for sale ……………………… 4 professional public accountant...
TRANSCRIPT
1
PRESIDENT’S POST By Mark Ver Steegt EA.PA, PASC President
Newsletter The Professional Public Accountant
Pu
bli
c A
cco
un
tan
ts S
oci
ety
of
Co
lora
do
Tax Man To You, LLC Earns
Esteemed 2013 Angie’s List Super
Service Award ………………………. 3
Positioning Your Business For
Sale ………………………... 4
66th PASC Annual Convention,
2014 Seminar List ……………... 7
February—March 2014
Volume 2014, Issue 1
Special points of interest:
> The Professional Public Ac-
countant Newsletter is pub-
lished 4 times a year. Scheduled
publications are February, May,
August, October. Article and
advertising submissions are due
Jan 10, April 20, June 10 & Oct 1.
> Opinions expressed herein are
not necessarily those of the
PASC Board of Governors or the
Society.
> Articles, Advertisements, Pic-
tures, Comments and Sugges-
tions should be sent to the edi-
tor, Lynette DL Myers, PO Box
1078 Eastlake, CO 80614-1078 or
via email newsletteredi-
> Published by and for the Mem-
bers of the Public Accountants
Society of Colorado
Well we all should be in the middle of the TAX SEASON and hope everything is going well. Another late start to filing, but I guess we’re
all getting used to the delays by now. So happy tax season to all.
On a more important note, you may have noticed that PASC did not have the NCPE seminar advertising mailed out this fall. We made a decision to advertise through email exclusively, and we were very happy with the results in attendance and the reduced costs for promot-ing our seminars. At this time we believe we will continue this prac-
tice, so if you did not receive notice of our fall seminars please make sure that we have
your correct e-mail so we can include you in our correspondence.
(Continued on page 5)
PLACE YOUR AD HERE !!!
Our prices are online now. Go to: www.coloradoaccountant.org and view the ADVERTISE link. Send the copy and art-work to Lynette Myers. Newslettereditor @coloradoaccountant.org
I started public accounting in 1977, Irvine, California for 11 years. In 1989 I moved to Aspen, Colorado and worked there for 18 years for some very high profile clients. In 2005 I relocated to Colorado Springs
so I could get involved in the equine activities I enjoy doing.
I have 15 years in CPA firms, as an accounting manager. I like helping and training clients. I’ve learned a lot of techniques and skills and have
(Continued on page 10)
MEET A MEMBER: JACALYN LANE By Jacalyn Lane
2
President’s Post ……………….……..... 1
Meet A Member: Jacalyn Lane ………..1
Executive Director’s Corner ….…….… 2
Tax Man To You, LLC .…..............……3
Welcome New Members to PASC....… 3
Positioning Your Business For Sale …...4
Skiing as a Tax Deduction …………..... 6
2014 Seminar Dates …...………….........7
IRS Tax Help …………………....……..8
Social Security Announces New Compas-
sionate Allowances Conditions ….…....10
PASC Officers & Directors …….…..... 12
PASC Convention Save the Date ……. 12
INSIDE THIS ISSUE
PASC wrapped up one of the most successful seminar seasons ever. We ended 2013 with record-breaking attendance in the IRS 1040 seminars and, our member-
ship is at an all-time high.
Be sure to mark your calendar for the Public Account-ants Society of Colorado’s 66th Annual Convention, Wednesday June 18 – Friday June 20, 2014 at the
Rocky Mountain Park Inn in Estes Park, Colorado.
The nominating committee is soliciting nominees for the annual board of director’s elections. The committee is comprised of Corrin Camp-bell, Ernie Kozacek, Leota Jensen, and Helen Jackson. If you are in-terested in running for a board position please contact PASC or a com-
mittee member.
This legislative session promises to be a busy one. There are two po-tential bills pending introduction at press time. One bill concerns the ability of nonprofit associations to offer continuing education courses and the other measure concerns disclosure requirements for tax prepar-ers in Colorado. The PASC legislative team, including Andy More-head and Betsy Murray, will be closely involved in these and other
relevant bills.
The next meeting of the board of directors will be on Friday, April 25th
in Denver, Colorado.
EXECUTIVE DIRECTOR’S CORNER,
GREG WILLIAMS
by case basis.
For more information on our rates, go online to www.coloradoaccountant.org and on
the right side you will see advertise �
advertising rates.
Submit your classified ad today. If you are a member, you get up to 50 words FREE. Non-Members cost is $40 for 50 words. Check out our classified information online, just click on the
classified button on the home page.
Size 1 Issue 2 Issues 4 Issues
Full Page $250 $350 $500
1/2 Page $175 $275 $350
1/4 Page $100 $125 $200
1/6 Page $75 $100 $150
Editorial Content - You may include your
Logo and website address and Company
details for $10 per publication. Your Name
and email are free inclusions. Article length
should range from 700 - 1,200 words and
anything over will be considered on a case
Newsletter Display Advertisement Prices: TIGTA Treasury Inspector General for
Tax Administration
TIGTA provides independent oversight of the IRS and detects and prevents waste, fraud and abuse.
To Contact TIGTA
Email: complaints @tigta.treas.gov Phone: 1-800-366-4484 24 hours a day, seven days a week
3
NEW ACTIVE MEMBERS Reyno L. Baca, EA Durango, CO 81302 Samuel J. Baldwin
Baldwin and Associates, CPA’s LLC Grand Junction, CO 81501
Evonne Gallegos, RTRP
Anexo Tax Services, LLC Denver, CO 80216
James R. Grisier, CPA
James R. Grisier and Associates, LLC Grand Junction, CO 81501
David R. Myers, RTRP
D. Myers and Co. Boulder, CO 80303
Christopher Rees, RTRP Denver, CO 80250
Hayden S. Gregory
Gregory Accounting and Tax
Services, Inc
Colorado Springs, CO 80909
Vanessa Sullivan, RTRP
Sullivan Bookkeeping, LLC
Delta, CO 81416
Raymond Fatland
Lodestar Tax and Accounting LLC
Northglenn, CO 80234
Jina Malouff, CPA
Malouff Tax & Accounting
Services
Trinidad, CO 81082
(Continued on page 5)
TAX MAN TO YOU, LLC EARNS ESTEEMED
2013 ANGIE’S LIST SUPER SERVICE AWARD
WELCOME TO PASC
Congratulations to Candy S. Hammerich for pass-ing her EA exams and officially becoming an
Enrolled Agent.
CONGRATULATIONS TO PASC
MEMBER, GEORGE SLEEMAN!
Award reflects company’s consistently high
level of customer service
Tax Man To You has earned the service industry’s coveted Angie’s List Super Service Award, reflect-ing an exemplary year of service provided to mem-
bers of the consumer review service in 2013.
“It is an honor to win any award, but one such as this that is determined by clients and customers only by reviews given is incredible. We strive hard every day to live up to the standards Angie’s List
customers deserve.”
“Only about 5 percent of the companies Tax Man To You competes with in Colorado Springs are able to earn our Super Service Award,” said An-
gie’s List Founder Angie Hicks. “It’s a mark of consistently great customer service.”
Angie’s List Super Service Award 2013 winners have met strict eligibility requirements, which include an “A” rating in overall grade, recent grade, and review period grade; the company must be in good standing with Angie’s List, have a fully complete profile, pass
a background check and abide by Angie’s List operational guidelines.
Service company ratings are updated daily on Angie’s List. Companies are graded on an A through F scale in areas ranging from price to professionalism to punctuality. Members can find the 2013 Super Service Award logo next to company names in search results on
AngiesList.com.
###
Angie's List helps consumers have happy transactions with local service professionals in
more than 720 categories of service, ranging from home improvement to healthcare. More than 2 million paid households use Angie's List to gain access to local ratings, ex-clusive discounts, the Angie’s List Magazine and the Angie's List complaint resolution
service.
Kudos to PASC Member George Sleeman, EA -Tax Man To You, LLC.
4
The sale of a privately held business is a complex and time-consuming task. It is something that most entrepreneurs do only once in their lifetime, and may represent the single
most significant financial transaction of their life.
Due in large part to the time that it takes to implement changes and to have those changes reflected in the appro-priate manner on the Seller’s financial records, we typically advise Sellers to take proactive measures to initiate the po-sitioning of their business for sale two to three years prior
to actually taking their business to market.
1. Financial and Tax Records - Most business sales are financially driven transactions. If there is only one item that is remembered as a result of reading this arti-cle, it should be “GOOD NUMBERS SELL BUSI-
NESSES FASTER FOR MORE MONEY.” There are
several ways to implement this concept.
• Upgrade your financials to audited or reviewed
financial statements.
• Clean up your Balance Sheet.
• Clean up your Income Statement.
• Consider changing from a C Corporation to an
S Corporation.
2. Assemble an Experienced Acquisition Team – Your team will typically consist of an attorney, an accountant/tax advisor, an intermediary/ business broker, and, on
larger transactions, a financial planner.
3. Presale Audit – Your intermediary/business broker can assist you in this
process.
4. Reduce Customer Concentration
5. Create Second Level Management
6. Curb Appeal – Similar to selling your
house, first appearances are important.
7. Documentation – Prior to going to mar-
POSITIONING YOUR BUSINESS FOR SALE By Ken Galecki
ket is an appropriate time to get your documentation in
order.
8. Business Plan – Prepare an up-to-date written business
plan.
9. Commitment to the Process – The sale of a business is
a complex and time-consuming event.
10. Intangible Assets – Identify business attributes that are readily discernable from your financials. Some exam-
ples include:
• Skilled and highly trained employees
• Diversified customer base
• Location
• Upgraded equipment
• Tooling
• Mailing lists
• Patents and trademarks
(Continued on page 5)
5
Like most significant events, planning can materially in-crease the likelihood of a better outcome. The Seller of a business is not only “selling” to the potential buyer, but must also “sell,” or convince, the buyer’s lender and advi-sors (usually an attorney and an accountant) that the busi-
ness is worth the purchase price.
(Positioning Your Business ..Continued from page 4)
John Grosso
Grosso Income Tax Service
Westminster, CO 80030
Josephine Grosso
Grosso Income Tax Service
Westminster, CO 80030
Dolores E. Overholt, RTRP
D’Accounts LTD
Pine, CO 80470
Joseph A. Signorelli
Zee Company, LLC
Lafayette, CO 80026
Nancy McDonald
Nancy C. McDonald, CPA
Fort Collins, CO 80525
(Members, Continued from page 3) Patricia Cervantes
Cervantes Tax Services
Denver, CO 80211
Susana M. Cervantes
Cervantes Tax Services
Denver, CO 80211
Deborah S. Jones
DJ’s Taxes To Go
Windsor, CO 80550
Steven G. Bell, EA
Servitiam Accounting
Denver, CO 80206
Barbara J. Gay, EA
Watson & Company Inc
Denver, CO 80237
Connie S. Thomas, EA, RTRP
H& R Block
Windsor, CO 80550
Fred Moore, RTRP
Personalized Accounting
Services Inc.
Broomfield, CO 80038
Lydia Sisneros, RTRP
Performance Bookkeeping & Tax
Service Inc.
Denver, CO 80221
Karen S. Absher, EA
KSA Financial & Tax Service
Peyton, CO 80831
John (Ron) Maestas, RTRP
J. R. Accounting Inc.
Denver, CO 80211
NON RESIDENT MEMBERS Rudolf G. Swoboda, EA St. Petersburg, Fl. 33710
It sounds like we may have a very exciting spring this year. There is talk of a NCPE Affordable Care Act semi-nar possibly being held in Denver this spring and of course PASC Annual Convention in June in Estes Park, what a great place to visit-Gorgeous scenery and CPE’s all in the
same place, what a wonderful world we live in.
(President’s Post Continued from page 1) If you receive an email from
someone claiming to be from the
IRS:
1. Forward the suspect email to
2. Delete it from your computer
3. DO NOT reply, open any
attachments, or click on any links.
6
I’m a self-professed ski bum and often get asked on the chair lift by total strangers (mostly Tex-ans) how someone can legitimately deduct the cost of a ski trip on their taxes. My standard re-sponse has always been
to simply say, “don’t do it as the expense is indefensible without a profit motive,” and I usually find myself encouraging people to spend their time soaking up the surroundings as opposed to worrying about their taxes. How-ever last month I took on a new client who was subject to IRS audit in regards to items with specific costs associated with a ski trip. This is
how I won over the examining officer.
First, we demonstrated that the taxpayer’s ski trip had a legitimate business purpose by show-ing a profit motive. Second, I argued that the taxpayer had a legitimate business discussion in the ski lodge with a prospective customer, someone with whom the taxpayer was, at the time, aspiring to be engaged professionally making the lunch expense a legitimate meals and entertainment deduction under IRS regula-tion 1.274-1(c)(7). The IRS agreed but leaned back with the position that discussing business on the chair lift while skiing put the entertain-ment deduction in jeopardy because presuma-bly distractions on the mountain are too great to qualify any business discussion during ski-ing as an entertainment deduction. I agreed with the Service’s assessment, but argued back that the taxpayer bought his business prospect lunch in the lodge while they had a legitimate business discussion. By doing this in the lodge BEFORE THEY SKIIED we agreed the tax-payer had a “directly related” entertainment deduction for the meal consumed during the business discussion. From there I argued that
SKIING AS A TAX DEDUCTION By John R. Dundon
claimed expenses and business intent, which of course was helpful
in our resolve.
Please do not get me wrong as I loath playing fast and loose with the tax code. We all know it is not worth the headaches in the long run and quite candidly I was pleas-antly surprised with this victory as my prepared defense going in seemed like a long shot. Think twice before recommending this type of aggressive deduction to a taxpayer, but do know it is possible to defend it, if the circumstances
are substantiated and legitimate.
On a related point, just to be per-fectly clear, if you are pursuing professional continuing education credits on the mountain in your professional field you can deduct your lodging and meals but not
your ski lift ticket.
once this directly related entertain-ment deduction was recognized the taxpayer followed the meal up with skiing that qualifies as a deduction
under associated entertainment.
In other words, the skiing was de-ductible because it was associated with the previous business discus-sion in the lodge. The key however to the victory was that, in the tax-payer’s diary, documentation, busi-ness log and professional journal, he was specific about the business benefit and profit motive intent: stating specifically who partici-pated in the meeting; what specifi-cally was discussed and resolved; where the meeting was held; why the meeting took place; and, when the meeting occurred. By the time of the IRS examination, the pros-pect had also become the tax-payer’s customer who happened to be satisfied with the taxpayer’s service so much so that he signed a letter substantiating the taxpayer’s
Some of my services:
•Tax audit/exam representation
•Tax appeal representation
•Tax collection representation
Taxpayer Representation Services
Federally Authorized Tax
Practitioner
John R. Dundon,
Enrolled Agent 85353
(720) 234-1177
http://JohnRDundon.com
NEED
HELP?
7
66th PASC Annual Convention – June 18-20, 2014 (Wednesday-Friday) Rocky Mountain Park Inn Highway 36 & Highway 7 101 South St. Vrain Avenue Estes Park, CO 80517 15+ hours CPE, including Accounting, 970-586-2332 Ethics and Tax.
Serving a Maturing Nation Seminar Series (Levels I, II & III)
Serving a Maturing Nation Level I -Denver (16 CPE) NCPE Speakers Jerry Riles & Wayne Hebert
Monday and Tuesday, July 21-22, 2014 What 79 Million Baby Boomers Need to Know
Social Security, Medicare, Income Tax and Retirement Planning for the Elderly
Serving a Maturing Nation Levels Level II – Denver (16 CPE) NCPE Speaker Don Williamson
Wednesday & Thursday, October 22-23, 2014 Fiduciary (Form 1041) & Federal Estate (Forms 706 & 709)
Serving a Maturing Nation Levels Level III - Denver (8 CPE) NCPE Speaker Don Williamson
Friday, October 24, 2014
Financial and Estate Tax Planning
Corporations, Partnerships & LLC’s - 16 hours CPE NCPE Speakers David Mellem and Wayne Hebert
• Grand Junction August 18-19, 2014 Monday and Tuesday • Colorado Springs September 17-18, 2014 Wednesday and Thursday • Denver September 18-19, 2014 Thursday and Friday
Individual Income Tax Update - 1040– 16 hours CPE Durango Nov. 3-4, 2014 Mon.-Tues. David & Mary Mellem & John Ayers Grand Junction Nov. 5-6, 2014 Wed.-Thurs. David & Mary Mellem & John Ayers South Denver Nov. 19-20, 2014 Wed.-Thurs. Don Williamson & Wayne Hebert Co. Springs Dec. 15-16, 2014 Mon.-Tues. Beanna Whitlock & John Ayers North Denver Dec. 16-17, 2014 Tues.-Wed. Beanna Whitlock & John Ayers
www.coloradoaccountant.org * 800-578-4451* [email protected]
SEMINAR DATES 2014 Dates and speakers are subject to change.
8
Abusive Corporate Tax Shelter Hotline
www.irs.gov/businesses/corporations or 866.775.7474 or e-mail to [email protected]
Appeals
www.irs.gov/appeals
Alternative Minimum Tax Assistance for
Individuals
www.irs.gov (search AMT)
Business and Specialty Tax Help Line
800.829.4933
Combat Zone Inquiries
866.562.5227
Credit Card Payments (Forms 1040)
888.UPAY.TAX (888.872.9829) 888.PAY.1040 (888.729.1040)
888.9.PAY.TAX (888.972.9829)
Disaster Hotline
866.562.5227
Earned Income Tax Credit
www.irs.gov/EITC
Electronic Federal Tax Payment System (EFTPS)
Enrollment www.eftps.gov Individuals: 800.316.6541 Business: 800.555.4477 Español: 800.244.4829
TTY/TDD: 800.733.4829
e-Help Desk
www.irs.gov (search e-services) or
866.255.0654
Employer Identification Number
www.irs.gov (search EIN) or
800.829.4933
Estate and Gift Tax Returns Help Line
800.829.4933
Excise Tax and Form 2290 Help
866.699.4096
FBAR (Report of Foreign Bank and
Financial Accounts)
866.270.0733
www.irs.gov/ (search FBAR)
Filing Locations
www.irs.gov/file
Fraud Referral
Report fraud on Form 3949-A (online at www.irs.gov) print and mail to: IRS, Fresno, CA 93888
Freedom of Information
www.irs.gov/foia
Free File
www.irs.gov/freefile
Health Coverage Tax Credit
www.irs.gov/hctc 866.628.4282 or
TTY/TDD: 866.626.4282
Identity Protection Specialized Unit
For tax issues created by identity theft
800.908.4490
Identity Theft
www.irs.gov (search Identity Theft)
Individual Taxpayer Identification Number
www.irs.gov (search ITIN)
Information Reporting Program
866.455.7438 International: 304.263.8700
TTY/TDD: 304.579.4827
International Taxpayer Customer Service
267.941.1000
Local IRS Office Locations
www.irs.gov/localcontacts
National Taxpayer Advocate Case Intake Line
www.irs.gov/advocate or 877.777.4778 or
TTY/TDD: 800.829.4059
Notices
Assistance with IRS Notices
www.irs.gov/notices
Online Payment Agreement
www.irs.gov (search OPA)
Power of Attorney (POA)
Fax: 901.546.4115 for: AL, AR, CT, DE, DC, FL, GA, IL, IN, KY, LA, MA MD, ME, MI, MS, NH, NJ, NY, NC, OH, PA, RI, SC, TN, VT, VA, WV
Fax: 801.620.4249 for: AK, AZ, CA, CO, HI, ID, IA, KS, MN, MO, MT, NE, NV, NM, ND, OK, OR, SD, TX, UT, WA, WI, WY
International Fax: 267.941.1017
Practitioner Priority Service
866.860.4259
Practitioner Tax Identification Number
Toll-free: 877.613.7846 International: 1.319.464.3272 TTY: 877.613.3686
Refund Hotline: 800.829.1954
Sales Tax Deductions Calculator
www.irs.gov (search sales tax)
Tax Exempt/Gov. Entities Help Line
877.829.5500 EO: www.irs.gov/eo EP: www.irs.gov/ep FSLG: www.irs.gov/govts ITG: www.irs.gov/tribes
TEB: www.irs.gov/bonds
Tax Forms and Publications
www.irs.gov/formspubs or
800.829.3676
Tax Help Line for Individuals
800.829.1040
Tax Professionals Web Page/e-News
www.irs.gov/taxpros
TTY/TDD: Deaf/Hard of Hearing Taxpayers and
Practitioners
800.829.4059
TeleTax: 800.829.4477
TIGTA (Report misconduct of IRS employees)
800.366.4484 TTY/TDD: 800.877.8339
VITA/TCE: 800.829.1040
Where’s My Refund
www.irs.gov (search where’s my refund)
Where’s My Refund/Español
www.irs.gov/español (search Donde esta mi reembolso?)
Publication 4255 (Rev. 1-2012) Catalog Number
37616W
Department of the Treasury Internal Revenue Service www.irs.gov
IRS TAX HELP For additional tax help, visit www.IRS.gov
If you receive an email from someone
claiming to be from the IRS:
1. Forward the suspect email to [email protected]
2. Delete it from your computer 3. DO NOT reply, open any attachments, or click on any links.
Contact Ruth Simon
([email protected]) for information re-garding seminars, bookkeeping, membership or other
general questions.
Contact Greg Williams
([email protected]) for questions about the Board of Directors or strategic
planning.
9
10
a pretty big knowledge of getting to the end picture. Be-cause of my experience I can see things clearly right away and I know what needs to get completed, and usually how long it will take to get it completed. I have converted ac-counting to different integrated programs. I have been a certified accounting software consultant. I know the inte-grated accounting programs. I have been a QuickBooks pro advisor, but I prefer the other software programs be-cause you have to know accounting to do the job. I really like the bigger accounting jobs because it is like putting
puzzles together.
I love my clients and take care of everything that is re-quired to get the accounting correct. I am honest and I have
strong work ethics.
I love the co-mingled jobs and really like building that ac-
counting picture for my clients.
I have a few clients that I work for on a regular basis, I do everything for them including paying their bills, payroll,
(Jacalyn Lane, Continued from page 1) income tax returns, sales tax returns etc.
I also have clients that I work for every quarter to keep their accounting current. I do not advertise to prepare tax returns; because I want to do the accounting work myself, so I know it is correct and accurate. Since I moved to Colorado Springs, I have seen a lot of accounting and tax returns that were not correct and it has been quite an experi-
ence to be a part of straightening them out.
My passion is riding my Mule Kitten, and learning about the Mule and Donkey. I belong to several equine riding clubs, we do parades and a lot of extreme cowboy activi-ties, and we love being involved in fund raising activities to help people and children such as St. Jude Children’s Hospi-
tal, Wounded Warriors Programs etc.
I have a son who is 37 years old who lives in California. I have a granddaughter 8, and a grandson 15. My son is very involved in sports and loves coaching football and baseball. I was a single mom, and I am very proud that he is involved
with children and is a part of a positive influence for them.
Paying for college is never easy. But the National Society of Accountants (NSA) Scholarship Foundation has
made it easier by offering scholarships to promising accounting students across the country. The Foundation
awards scholarships to undergraduates who are U.S. or Canadian citizens enrolled part-time or full-time in a
degree program at an accredited two- or four-year college or university in the United States.
Applicants for awards are judged on the basis of academic record, demonstrated leadership, and participation in
school and community activities, honors, work experience, statement of goals and aspirations, and an outside
appraisal. They must have a “B” (3.0 on a 4.0 scale) or better grade point average.
Scholarship award amounts range from $500-$2,000, depending on available funding at the time of the awards.
Last year the NSA Scholarship Foundation awarded 32 scholarships totaling $30,000 to worthy recipients from across the country.
The National Society of Accountants (NSA) Scholarship Foundation has provided more than $1 million since 1969 to deserving undergraduate and graduate students
who are committed to pursuing a career in accounting, helping to develop more qualified young accountants.
Additional information and scholarship guidelines can be found online at
http://sms.scholarshipamerica.org/nsacct.
January 15, 2014
Carolyn W. Colvin, Acting Commissioner of Social Security, today announced 25 new Compassionate Allowances condi-tions, including a dozen cancers, bringing the total number of conditions to 225. The Compassionate Allowances program expedites disability decisions for Americans with the most serious disabilities to ensure that they receive their benefit deci-sions within days instead of months or years. The new conditions also include disorders that affect the digestive, neurologi-
cal, immune, and multiple body systems.
“We are dedicated to providing vulnerable Americans with faster access to disability benefits through our Compassionate (Continued on page 11)
SOCIAL SECURITY ANNOUNCES NEW COMPASSIONATE ALLOWANCES CONDITIONS
11
Are YOU Ready for the Affordable Care Act? We ARE, let us help you make the best informed deci-sion. The time for health insurance open enrollment is now, let us guide you. As always our services
come to you at ZERO COST.
Chip Murphy & Kelsey Murphy Mackley
Kelmeg & Associates, Inc
303-466-9575
www.kelmeg.com [email protected] [email protected]
Health Insurance Exchange Consultants
& Market Place Navigators Employee Benefits, Individual & Family,
and Medicare
Allowances program,” said Acting Commissioner Colvin. “Social Security disability benefits are a vital lifeline for individuals who are facing severe diseases and we must ensure that they receive the benefits they rightly deserve.” The Compassionate Allowances program identifies claims where the applicant’s disease or condition clearly meets Social Security’s statutory standard for disability. By incor-porating cutting-edge technology, the agency can easily identify potential Compassionate Allowances and quickly make decisions. To date, almost 200,000 people with se-vere disabilities have been approved through this fast-track disability process. The Compassionate Allowances program is a significant initiative that highlights collaboration between government, medical experts, advocacy groups, and members of the public. Social Security has conducted public outreach hear-ings and gathered feedback from various stakeholders to identify conditions that are most likely to meet the agency’s
definition of disability.
“I am extremely pleased that the SSA has included Prostate Cancer in its Compassionate Allowance list – a decision that will save lives, and give more patients access to treat-ment options,” said Congressman Elijah Cummings (D-MD). “Working with constituents fighting this disease, I know just how life altering it can be, as well as how many
will benefit from this change in policy.”
For more information on the program, including a list of all Compassionate Allowances conditions, please visit www.socialsecurity.gov/compassionateallowances.
New Compassionate Allowances Conditions
• Angiosarcoma • Atypical Teratoid/Rhabdoid Tumor • Chronic Idiopathic Intestinal Pseudo Obstruction • Coffin- Lowry Syndrome • Esthesioneuroblastoma • Giant Axonal Neuropathy • Hoyeaal-Hreidarsson Syndrome • Intracranial Hemangiopericytoma • Joubert Syndrome
(Continued from page 10) • Leptomeningeal Carcinomatosis • Liposarcoma- metastatic or recurrent • Malignant Ectomesenchymoma • Malignant Renal Rhabdoid Tumor • Marshall-Smith Syndrome • Oligodendroglioma Brain Tumor- Grade III • Pallister-Killian Syndrome • Progressive Bulbar Palsy • Prostate Cancer - Hormone Refractory Disease - or
with visceral metastases • Revesz Syndrome • Seckel Syndrome • Sjogren-Larsson Syndrome • Small Cell Cancer of the Thymus • Soft Tissue Sarcoma- with distant metastases or recur-
rent • X-Linked Lymphoproliferative Disease
• X-Linked Myotubular Myopathy
12
A D D R E S S
The Professional Public
Accountant
View the electronic version of
The Professional Public
Accountant on the PASC Web site:
www.coloradoaccountant.org
Articles for The Professional Public
Accountant Newsletter are welcomed
and encouraged.
To submit, please e-mail
newslettereditor@
coloradoaccountant.org
Contact PASC at:
P.O. Box 1078
Eastlake, CO. 80614-1078
Web: www.coloradoaccountant.org
Email: [email protected]
Phone: 303-452-8227
Toll Free: 800-578-4451
Fax: 303-457-0770
PASC Officers
President—Mark Ver Steegt, PA, EA
Office Telephone (719) 372-6146
President Elect—Corrin E. Campbell, PA, CFP
Office Telephone (303) 440-3556
Secretary—Dale Lukenbach, CFP, PA, ARA Office Telephone (303) 671-6114
Treasurer - Helen Jackson, PA, EA Office Telephone (719) 260-0320, ext 3
NSA State Director - Robert D. Kuziak, PA, ATP, ARA Office Telephone (303) 364-0400
Directors
Linda Abrahamsen, MBA, EA Office Telephone 303-989-6974
Richard Deem, PA Office Telephone (303) 426-7414
Leota Jensen, ATP, PA, RTRP, ARA Office Telephone (303) 841-4544
Andy Medina, PA Office Telephone (303) 682-0176 [email protected]
PASC OFFICERS & DIRECTORS RISING
ABOVE...
PUBLIC
ACCOUNTANTS
SOCIETY OF
COLORADO
66TH ANNUAL
CONVENTION
Wednesday June 18 - Friday June 20, 2014
Rocky Mountain Park Inn 101 South St. Vrain Avenue
Estes Park, CO 80517 $99.00 per night room rate
www.rockymountainparkinn.com
15+ hours of continuing education
Including: accounting, ethics and tax plus fly fishing, hiking, horseback riding and golf available
$395 for members $465 non-members
Contact: www.coloradoaccountant.org or 800-578-4451 for more information