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Accountant Prepared A Return And It Is Under Criminal Investigation By The IRS, Now What?

  • ACCT/BK
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Prep.
  • CFIRS
  • CWS

Published: October, 2020

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • The initial Phase Your client gets a Knock at the door He Then Calls You
    4 mins
  • What Rights Do you and your Client have during the Criminal Investigations? What is the IRS Looking for?
    11 mins
  • How to Determine whether You (the Accountant) will be a Target of the Investigation along with your Client!
    24 mins
  • IRS circular 230
    33 mins
  • Tax Crimes and Defenses
    39 mins

Course Description

IRS Criminal Investigation serves the American public by investigating potential criminal violations of the Internal Revenue Code and related financial crimes in a manner that fosters confidence in the tax system and compliance with the law. It is surprisingly easy for a person to find oneself involved with this sort of IRS tax problems like Tax Evasion or Tax Fraud. Some of your clients might not be aware that anything had gone wrong until the IRS came looking for them. A criminal investigation differs from an audit. With an audit, the IRS attempts to determine whether you have calculated your tax liability correctly. With a criminal investigation, the IRS seeks to mount a case against you so that the U.S. Attorney’s Office can prosecute you. 

When clients find themselves the target of an IRS criminal investigation, most taxpayers suddenly realize they need an attorney. How does the accountant respond when the client calls and says “I have a problem?”. However, one of the key players in defending the taxpayer will be the accountant who works in the background to help the defense recreate expenses, attack overzealous numbers from the IRS criminal investigation, and act as experts for the criminal defense.  This program will explain the key roles played by accountants, the role of tax loss calculations in the case, and why many accountants realize that criminal cases are not only fascinating to work on but can be extremely lucrative engagements. 

Major Questions Answered :

  • How does the accountant disclose information to the IRS without violating the Client or the Accountants rights?
  • What are the client’s rights regarding records given to the Accountant?
  • Can the Accountant be an expert or fact witness for the Client? 
  • Will the Accountant be a witness for the Prosecution? 
  • How can the Accountant prevent being a target of the Investigation? 
  • Has the Accountant done all the required Due Diligence in the preparation of the Return?
  • Does the Accountant need a lawyer? Is the Government there to help you?
  • When the Accountant has prepared the return that is subsequently under Criminal Investigation by the Internal Revenue Service, 
  • What does the accountant need to do when return prepared by him is under Criminal Investigation. 

All these things will be discussed and answers will be provided that will help the Accountants to be prepared during a Criminal Investigation of the Client.

Learning Objectives

  • To identfy the various answer of the questions from Internal Revenue Criminal Investigators during the Interview of you and your knowledge of the client’s return preparation.
  • To identify the information that must be given the Internal Revenue Service, and how to manage the production of this information to the Internal Revenue Service.
  • To identify the ways of interacting with your client, so you do not violate the Clients rights nor the Accountants.
  • To identify ways of providing assistance to the Client and whether you can help the client in their defense.
  • To identify the the definition of TAX LOSS, which is the guideline for the length of Incarceration for Tax Crimes.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00180-20-S)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0192)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00180-20-S)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookkeeper (ACCT./BK)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Robert Brennan

Certified Public Accountant (CPA), Robert P Brennan CPA, LLC

He was an Internal Revenue Agent for the US Treasury Department as part of the Special Enforcement Group in Philadelphia, Pa. We specialized in Fraud Investigations and Income Reconstruction Cases.

Over the past 20 years I have assisted Attorneys in their representation of Individuals and Business Entities that are under Civil or Criminal Investigation by the Internal Revenue Service.

He has been an Instructor of Accounting, Forensic Accounting and Taxation for over 35 years at various Universities in the Philadelphia, Pa Area.

He has a Bachelor of Science with Major in Accounting from LaSalle University and a Masters in taxation from Philadelphia University.

Certified Public Accountant (CPA) in Pennsylvania (1986)

Since 1982 have been qualified as an Expert Witness in the Federal District Courts of Eastern and Middle Districts of Pennsylvania.

Seminar presenter for AICPA, PICPA and various Accounting Organizations for over 25 years 

Faq

FAQs content

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Ratings and Review

4.5

206 Ratings

Excellent

123

Very Good

66

Average

14

Poor

1

Terrible

2

SM

Sarah Manning, ACCT/BK, CPA (US)

Dec 30th, 2021

Important information for all CPAs

TK

Tyler Konarik, CPA (US)

Dec 28th, 2021

I learned a lot of information I didn't know before!

KK

Keith Knabe, CPA (US)

Dec 21st, 2021

It was nice to have an instructor who really knew this subject and has been through these situations with the IRS and clients. I learned a lot of things I didn't know and now I know how to proceed if I ever get put in this situation.

HP

Hugh Pritchett, CPA (US)

Dec 23rd, 2021

good

AS

Amy Salentine, CPA (US)

Dec 14th, 2021

Disappointed in the my-cpe technical issues.

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