Learn what every tax professional should know about tax security awareness as well as the requirements for foreign asset reporting.
DESIGNED FOR
CPAs involved with tax preparation
BENEFITS
- Learn about new services and current initiatives at the IRS.
- Discover steps to take to protect client and firm data from breaches.
- Identify the pitfalls of the new world of global financial transparency and the requirements for foreign asset reporting.
- Learn more about tax collection developments, penalty developments, new voluntary disclosure programs, the latest IRS audit campaign initiatives, and other hot topics in tax controversy.
HIGHLIGHTS
- Voice and chat box options on IRS.gov
- Tax Pro Account updates
- Current IRS initiatives and the Taxpayer Experience Office
- Foreign income and asset reporting update — the IRS will aggressively target taxpayers with unreported foreign accounts and income
- Best practices for compliance of foreign asset disclosure — who needs to file, assets that must be reported, and the potential liability of the taxpayer and tax preparer
- Solutions for non-compliant taxpayers
- The latest developments in tax controversy.
- Tax collection developments, penalty developments, new voluntary disclosure programs, the latest IRS audit campaign initiatives, and other hot topics in tax controversy
- Discuss new IRS Forms K-2 and K-3
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None