Course Description
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.
This session will cover:
- How
far back a taxpayer should file to be in compliance per the Internal Revenue
Service.
- Identify
how Non-Filers are not Equal
- How
the Accountant should approach a Non-Filer situation regarding amount of Years
Past Due?
- Filing
Status on the Delinquent Returns.
- Statute
of Expiration Implications.
- IRS
filing of Substitute for Returns on behalf of the Taxpayer.
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:
- How
does the accountant disclose information to the IRS without violating the
Client or Accountant's 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 did 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?
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:
- How
to increase your chances of the Claim being accepted and Rewards paid.
- What
the IRS is looking for in a claim and how they determine "Reward Amounts".
- How
to appeal the Claim Reward?
- How
to find out exactly how much of your Whistleblower Information was used.
- How Does long a normal claim take from beginning to end?
- How
much has been paid by the Government on all Whistleblower Claims during fiscal
year 2019.
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:
- Learn
how the Accountant can help their client who has not voluntarily complied with
their tax obligations.
- Submitting
a voluntary disclosure to the Internal Revenue Service requires specialized
knowledge and expertise.
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.
