In life and in tax practice, often the best way to learn something is to profit from the mistakes of others. In tax practice, mistakes can result in tax liabilities for clients and malpractice lawsuits against the tax professional.
DESIGNED FOR
Any Accounting and Finance Professional who wants to limit his or her exposure to malpractice lawsuits and be aware of the types of tax transactions that give rise to malpractice actions against tax advisors
BENEFITS
- Understand the types of transactions that give rise to malpractice lawsuits brought against tax advisors
- Take steps to limit exposure to an action in malpractice brought by a tax client
HIGHLIGHTS
- Tax practitioner “horror stories” that illustrate what tax practitioners should try to avoid at all costs
- Avoiding malpractice lawsuits brought against tax practitioners
PREREQUISITES
A basic understanding of the tax rules relating to individual income tax.
ADVANCE PREPARATION
None