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Preparing for a Tax Controversy: Gearing Up for Increased Tax Audits and Investigations

Content Provider
American Law Institute CLE
Product
CLE
Run Time
139 Minutes
Recording Date
12/07/2021
Presenter(s)
Jerald David August, Megan L. Brackney
Learning Method
On-Demand Training
Practice Area
Taxation, Litigation

Price $259.00

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Description

There are suspect items on tax returns that the IRS has identified as prime candidates for detailed review and document production – learn what will be scrutinized and how to prepare yourself, after attending this video webcast. You’ll be better prepared to appreciate client obligations before conflicts ripen and will improve your conflict resolution skills with the solutions taught by this exceptional faculty. You and your client cannot afford to be unprepared for an IRS tax controversy and the practical guidance shared during this program will be your ultimate resource on IRS controversies. Our two nationally recognized tax experts will guide you through: • IRS Large Business and International Compliance Campaigns - Taxable Asset Transactions—Matching Buyers and Sellers - Tax Cuts and Jobs Act of 2017 Campaign - Financial Service Entities Engaged in a U.S. Trade or Business Campaign - U.S. Territories—Erroneous Refundable Credits and Individuals Claiming Income Tax Residence in Puerto Rico - Virtual Currency Taxation and Compliance - Corporate Direct Foreign Tax Credits - Expatriation of Individuals - FIRPTA Reporting Compliance for Non-resident Aliens - Related Party Transactions Campaign • Global High Wealth Group - The “Revived Global High Wealth Group”—What to Expect • High Net Worth Non-filers and Forms 3520/3520-A Non-Compliance - Repatriation of Foreign Earnings and Profits and Related Areas - Dual Residency Issues • Handling Audits Before the IRS Examination Division - Responding to IRS Requests for Information----Circular 230 Rules - Information Requests and Summons, Including John Doe Summons • Advising Clients in Sensitive IRS Audits and Examinations; Assessing Risks • Privileges and Ethical Considerations

Literature

State Status Total Credits Type Of Credit Approved Thru
AlabamaApproved2.00General12/31/2022
AlaskaApproved2.50GeneralOn-going
ArizonaApproved2.25GeneralOn-going
ArkansasApproved2.25GeneralOn-going
CaliforniaApproved2.25General12/06/2026
ColoradoApproved3.00General12/31/2024
ConnecticutApproved2.50SkillsOn-going
DelawareApproved2.30General03/06/2024
FloridaApproved3.00General10/31/2023
GeorgiaApproved2.00General12/31/2022
HawaiiApproved2.25GeneralOn-going
IdahoApproved2.25General12/06/2026
IllinoisApproved2.25General03/06/2024
IndianaApproved2.00General04/17/2023
IowaApproved2.25General12/06/2022
KansasApproved2.50General03/22/2023
LouisianaApproved2.30General03/06/2023
MaineApproved2.25General04/10/2024
MinnesotaApproved2.25General03/28/2024
MississippiApproved2.30General03/06/2023
MissouriApproved2.80GeneralOn-going
MontanaApproved2.25General12/06/2024
NebraskaApproved2.31General12/06/2023
NevadaPending State Response0.00
New HampshireApproved2.30General12/06/2024
New JerseyApproved2.50GeneralOn-going
New MexicoApproved2.30General12/06/2026
New YorkApproved2.50SkillsOn-going
North CarolinaPending State Response0.00
North DakotaApproved2.50General12/06/2024
OhioApproved2.25General12/31/2022
OklahomaApproved2.50General03/06/2023
OregonApproved2.25General12/06/2024
PennsylvaniaApproved2.00General03/06/2024
Puerto RicoApproved2.32General05/01/2023
South CarolinaPending State Response0.00
TennesseeApproved2.32General03/06/2023
TexasApproved2.25General02/28/2023
UtahPending State Response0.00
VermontApproved2.25GeneralOn-going
VirginiaApproved2.50General10/31/2022
WashingtonApproved2.25General12/06/2026
West VirginiaApproved2.78GeneralOn-going
WisconsinApproved2.50GeneralOn-going
WyomingApproved2.25General03/06/2023