IRS Voluntary Disclosure Program - How the Accountant can help !

4.6 (337)

Robert Brennan

Robert P Brennan CPA, LLC

Monday, March 08, 2021 | 01:30 PM EST

  • AFSP
  • CPA
  • EA
  • Tax Pros
  • CTEC

1 CPE | 1 CE

FREE

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 )

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Federal Tax Law for 2021 Annual Filing Season Certificate program( IRS Approved : GEHNZ )

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

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.

Highlights of the webinar : 

  • Learn how the Accountant can help their client who has not votuntarity 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.

Learning Objectives

  • To identify what is The Internal Revenue Service Criminal Investigation Voluntary Disclosure Practice.
  • To learn the update On Voluntary Disclosure Practice.
  • To identify who May Disclose.
  • To recognize how the Accountant can Provide Expertise to a voluntary Disclosure Situation.

Who Should Attend?

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

Testimonial

4.6

(337)
65%
30%
4%
1%
1%

SO

good

SO

GOOD

RB

I appreciate all of the presentations on representation before the IRS. The information was valuable. I printed the handout and will keep it on file for future reference.

AK

Lots of practical material

DS

All good thank you

RK

surprisingly good I've been on thin ice just didn't realize how thin