Advocating for Taxpayers in Order to Avoid Abusive Tax Schemes

Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxes (NASBA); Federal Tax Law (IRS)

IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG

DISCLAIMER: THIS WEBINAR WAS RECORDED ON JULY 21, 2021, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

Seminar/Program Level: Basic
Recommended Continuing Education Credit: 1

This seminar will explain how practitioners can assist taxpayers in avoiding abusive schemes.

By the end of this presentation, you will be able to:

Identify and help the public avoid abusive tax schemes.
Discuss recent schemes and how they were introduced into the tax eco system.
identify and deconstruct a prevalent scheme.
Explain how a scheme can impact your clients; and
Discuss the tax consequences and penalties associated with abusive schemes and as well as explain the consequences of frivolous submissions to the IRS with your clients.

No prerequisites or advanced preparation are required for this seminar.