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Accountant prepared a return and it is under Criminal Investigation by the IRS, Now What?

4.7 (207)

Robert Brennan

Robert P Brennan CPA, LLC

Friday, June 11, 2021 | 11:30 AM EDT

  • AFSP
  • CFEs
  • CMA
  • CPA (US)
  • EA
  • Tax Preparer
  • CTEC

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00180-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0192)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CPE credit for Certified Management Accountants (CMA)

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00180-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00180-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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This Course is Also Available in Self Study (On-Demand)

Click Here

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 problem 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 Online CPE/CE Webinar 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 Online CPE Webinar covers the following Key Topics:

  • 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 needs 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 CPA, EA, Tax professionals 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
  • California Registered Tax Professional
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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    [no_of_record] => 207
    [average] => 4.6667
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4.7

(207)
70%
27%
3%
0%
0%

DK

This webinar was so interesting that I registered for another one by the same presenter.

JS

pass

ST

Instructor shared many personal experiences dealing with this topic, which I found very interesting. I really appreciate the quality instructors myCPE uses in its courses.

AH

Engaging and knowledgable instructor. Good balance of theory and practice.

NT

This is my second webiner by this instructor. His explanation is very easy to understand. Materials are also good. Thank you, NT

HW

Easy to follow slides, clear lecture