Club Newsletter
The Rotary Club of Wakefield, Rhode Island
Thursday, January 10, 2018
Place & Time:
Arturo Joe's
140 Point Judith Road, Narragansett, RI  02882
Meeting Thursday @ Noon
Meeting Called to Order; Pres Elect Bob Cruz
4 Way Test; PE Bob
Pledge; PE Bob
Prayer; Harvey Whitley
Song; God Bless America PP Elizabeth Candas
One Guests Today
Samantha Seitz
Posted by Gene Corl & Glen Zibolis
Number of members present: 25    
Visiting Rotarians:  0  
Number of guests:   1  
When paying with a Credit Card, fees approach $1 per transaction, Cash is preferred.
  • Board of Directors meeting Wednesday, Jan. 16, 5 PM at Easter Seals
  • Sunshine (Elizabeth Candas): Gene Corl as been a member since 1991; Sezkin Candas and Dick Pike had birthdays last week; Glen Zibolis had surgery and is recovering nicely; Julia Yang’s father passed away
  • Membership, Please take a look at the video below. Click the link.
Happy Bucks
  • Judy Fortier: her husband has recovered and is back at work; she had cataract surgery in both eyes and can see clearly now; her nephew is the proud father of a baby girl
  • Beth Leconte, apologies for leaving early
  • Jim Blackerby, happy that he saw his grandchildren in Austin and now has a new grandchild in Hong Kong (the first boy)
  • Bill Cloxton, relieved that his holidays were “uneventful”
  • Dick Pike, grateful that his ordeal of getting a “Real ID” at the DMV was successful
  • Yan Sun, happy to be back at Rotary
  • Jim Buchanan, grateful that his grandson will be discharged from the hospital
  • Bob Cruz, pleased to be the Captain of the SS Wakefield Rotary.
Thank you for your service above self!
Today's Program
Speakers were our CPAs Betsy Wisehart and Sandy Cutting discussing the new tax law, the Tax Cuts and Job Act (sometimes referred to as “The Accountants Full Employment Act”)
Betsy and Sandy made a potentially mind-numbing discussion of tax law changes into an entertaining presentation by giving the Rotarians a series of True-False questions to answer. Despite the fact that there were a few ringers in the audience, including attorneys and financial planners, the Rotarians made only about 70% correct responses. The law is so complicated that the minutes will include only a few highlights with the disclaimer: “See your accountant!”
Selected highlights:
  • Most people will pay less except for those who customarily offset their income with deductions for unreimbursed employee expenses or investment expenses.
  • Because the treatment of charitable deductions has changed, it may be beneficial to “bunch” charitable deductions in a single year instead of spreading them over multiple years.
  • Amount of gifts that can be given without documentation has increased to $15,000.
  • Federal estate tax now exempts $11.1 million (but RI state exemption is $1.5 million).
  • If you want to donate the Required Minimum Distribution from your tax-deferred accounts (IRA, etc.) to a charity, do it directly to avoid it becoming income to you (and therefore taxable).
Next Meeting:  Thursday, January 17, 2018!
Many Thanks to our Reporter and Photographer
Nancy Kleniewski and Sandra Cutting.
Please make every effort to attend our next meeting!!!!!
Upcoming Events
Board of Directors Meeting
Easter Seals of Rhode Island
Jan 16, 2019 5:00 PM
Event Planning Committee
Easter Seals of Rhode Island
Feb 12, 2019 5:00 PM
Board of Directors Meeting
Easter Seals of Rhode Island
Feb 20, 2019 5:00 PM
Event Planning Committee
Easter Seals of Rhode Island
Mar 12, 2019 5:00 PM
Bulletin Editor
Russell Bertrand
Jan 17, 2019
Using an awesome fireworks display as a fund raising event
Jan 24, 2019
District Membership Chair
View entire list
Russell Hampton
National Awards Services Inc.