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Having special requirements for the IRS cases call for special training for the tax professionals. This unique value webinar deals with some of the most complex cases presented with the IRS. They are multiple years of not filed tax returns, finding a tax return you prepared under criminal investigation, IRS whistleblower claims, and IRS voluntary disclosure programs. This webinar covers all these topics with a special focus providing a session on each of them. The key areas covered in each session are explained in details below.
Session 1 - YOUR CLIENT HAS NOT FILED A TAX RETURN FOR MANY YEARS AND COMES TO YOU, NOW WHAT?
Are tax problems keeping your clients awake at night? Are your clients afraid that they could lose their home, business or other assets?
Delinquent returns are often more closely examined and scrutinized by the IRS, requiring that much more care and accuracy to avoid audits. Clients often require an experienced attorney that can provide the expertise needed alongside the protection of the attorney-client privilege — a vital asset if you feel that you’re at risk for prosecution. Delinquent taxes, if handled in the wrong way, drastically increase the chance of criminal prosecution or enforced collection activity.
As Per the Taxpayer Inspector General for Tax Administration (TIGTA) Non-Filers for 2011 - 2013 accounted for $39 Billion in Unpaid Income Taxes Due the Government. Learn what the IRS is currently doing to address this problem.
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Session 2 - ACCOUNTANT PREPARED A RETURN AND IT IS UNDER CRIMINAL INVESTIGATION BY THE IRS, NOW WHAT?
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.
This session will cover:
In this session, 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.
Session 3 - HOW AN ACCOUNTANT CAN ADD A REVENUE STREAM - IRS WHISTLEBLOWER CLAIMS
In 2006, Congress passed the Tax Relief and Health Care Act. Prior to the Act’s passage, rewards to individuals who provided information to the IRS regarding tax fraud were capped at $10 million. The Tax Relief and Health Care Act authorized the IRS to create a Whistleblower Office dedicated to investigating, processing and recovering claims concerning the underpayment of taxes. Under the IRS’ new program, whistleblowers may recover 15 to 30 percent of the amount collected provided the taxes and amounts in dispute exceed $2 million.
The IRS whistleblower program allows anyone who is aware of tax underpayments to apply for a whistleblower award using IRS form 211. The IRS then reviews the whistleblower’s submission and determines what action should be taken. As a part of this process, whistleblowers may be interviewed for more information. Whistleblowers are entitled to compensation if their information leads directly to an IRS recovery of at least $2 million, including interest and penalties. After the completion of a successful investigation, the IRS Whistleblower Office provides the whistleblower with an award determination.
This session will teach you how to add an extremely profitable
revenue stream to your practice. Learn how to submit a Whistleblower Claim to
the IRS on behalf of your Client/Whistleblower.
This session will cover:
Session 4 - IRS VOLUNTARY DISCLOSURE PROGRAM - HOW THE ACCOUNTANT CAN HELP!
Taxpayers have a legal duty to comply with U.S. Tax Laws. If you owe the IRS money, it is usually only a matter of time before they come to collect. Whether you failed to file, did not disclose all of your income, or for any other reason, getting in touch with them before they come after you is always the better scenario. To make it easier, the IRS and many states have a program called Voluntary Disclosure, wherein an individual or organization can come forward and volunteer information before the situation worsens.
The IRS Voluntary Disclosure Program gives taxpayers an opportunity to safely disclose their offshore accounts, assets, income, and investments to the Internal Revenue Service (IRS). "Voluntary Compliance" is the cornerstone of our tax system. lt is estimated over 85% of taxpayers comply with their Tax Obligations. While most taxpayer's voluntary comply, some fail to do so. IRS has a wide variety of civil and criminal sanctions that maybe imposed on non-compliant taxpayers. Failure to voluntarily comply may result in imprisonment, fines, and penalties.
This session will cover:
A Voluntary Disclosure may be a means to resolve your client's non-compliance and limit exposure to criminal prosecution.
This session will provide great insight into the Tax professionals that want to establish their selves in most paying practices.
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
For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).
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.
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