Free seminar teaches how to cope with tax audit

“How to Protect Yourself,” a free tax audit seminar, will be offered from 9 a.m. to noon Friday, Oct. 7, at Almansor Court, 700 S. Almansor St., Alhambra. Registration begins at 8 a.m. with a continental breakfast. The seminar is presented by Asian American Economic Development Enterprise and Exact Tax, Inc.

The event is expected to draw about 150 small business owners from the Alhambra, Monterey Park, San Gabriel, Temple City, and Montebello communities.

“This will be a great time and opportunity to network and learn about the do’s and don’ts when facing an audit,” said Exact Tax CEO Mary Wong.

Guest speakers will share insights on tax audits, payroll deductions, and sales and use tax. Guest speakers are:

  • Vic Morel, Internal Revenue Service, has been an Enrolled Agent for more than 34 years. As an appeals settlement officer, he helped Exact Tax with a $7,000,000 Franchise Tax Board tax abatement.
  • Tami Pistoni, Board of Equalization – District Liaison for the California State Board of Equalization, specialized in tax implications and requirements for doing business in the State of California.
  • Richard Concepcion, Employment Development Department, specialized in payroll tax collection.

Statistics show that 2.5% of small business owners face audits, and that number may be higher depending on the specific industry. Red flags can be prevented by knowing what to deduct or claim as losses.

“We are excited to offer this seminar to our local communities and look forward to shining some light on a topic that most small business owners fear: audits,” said Ms. Wong. “AAEDE and Exact Tax are proud to have the Alhambra Chamber of Commerce as our media sponsor along with our co-sponsors Chinatown Service Center, Asian Youth Center, San Gabriel Chamber of Commerce, Temple City Chamber of Commerce, and Greater Monterey Park Chamber of Commerce.”

Chinese interpreting services will be provided.

For more information, please phone 626-573-0788, or e-mail elva@exacttaxinc.com.


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Dec 2021


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