FORUM A - 4:30 - 6:30 p.m. (2 CPE)
"FBARs AND THE NEW IRS 'VOLUNTARY' DISCLOSURE INITIATIVE ," FOLLOWED BY A ROUNDTABLE DISCUSSION

On March 23, 2009, the IRS announced an amended "Voluntary Disclosure Program" for US persons required to file reports of foreign bank accounts ("FBARs"), but who failed to do so (or filed incorrect reports) during 2003-2008. In tandem with the FBAR requirement, the IRS is requiring original or amended returns from these persons. The program closes September 23, 2009, and thousands of persons have already come forward. Filers who qualify will face a stiff series of civil penalties; those who don't, or who fail to "volunteer," risk even more harsh civil and criminal penalties. Find out if your client can use the one week left between September 15 and 23 to qualify.

Robert G. Nath, Esq., has been practicing in the area of tax controversies for over 30 years. After degrees from Yale (BA), the University of Pennsylvania (JD) , and Georgetown University (MLT), and a judicial clerkship, Bob litigated tax cases for the Department of Justice for 8 years, then went into private practice. He has operated his own firm (solo practice) since 2003, working exclusively in the area of tax controversies. Bob is the author of numerous professional articles and one book, The Unofficial Guide to Dealing with the IRS. He has also contributed as an editor for Matthew Bender and currently serves on the Internal Revenue Service Advisory Council. For further information, please visit www.Rnathlaw.com.

Following the first hour Forum with Mr. Nath, we will have an exciting Roundtable discussion. Main topics will focus on additional questions related to the presentation on Foreign Bank Account filings and discussion with Diane Acurso on the basics of Health Savings Account reporting for 1040s. In addition, we will have an open forum to discuss the current economic challenges and how companies are coping. This is one roundtable you don't want to miss!!

Diane Acurso is a Tax Manager at Burdette Smith Group and Chairman of NCVSCPA Eldercare and Estate Planning Committee.

Sponsored by Tax Committee

FORUM B - 4:30 - 5:30 p.m. (1 CPE)
NEW MEMBER ORIENTATION

During this informative and interactive session, Brenda Fogg, of the VSCPA, will walk you through a guided tour of VSCPA membership, including the very latest programs and benefits, member events, CPE offerings, website resources, local chapters, publications, social media and more. If you are not able to attend this session in person, additional sessions will be conducted via conference call and the Internet. For more details, visit the VSCPA website - http://www.vscpa.com/Education_Networking/Networking.aspx#3 - and look for Virtual Orientation for Members.

Brenda Fogg is Member Relations Director for the Virginia Society of CPAs. She leads the member relations team, as well as oversees, develops and directs comprehensive programs for membership recruitment and retention as well as member outreach programs and events.

Sponsored by Membership Committee

FORUM C - 5:30 - 6:30 p.m. (1 CPE)
THE POWER OF SOCIAL MEDIA - HOW TO TAKE YOUR NETWORKING ONLINE

Still wondering how to navigate the world of Web 2.0 and social media? This session focuses on the growth of social networking websites and their successful use by businesses and professionals like you. Discuss tips and tools for getting started, how to utilize these mediums in positive ways as well as the dos and don'ts of representing yourself and your business online. Take away new ideas to attract and communicate with clients and the new wave of talented employees.

Tina Lambert will lead this Forum. See her biography above, as our dinner speaker.

Sponsored by Technology Committee