An IRS audit can be intimidating for any of its recipients especially high net worth individuals and partnerships. It is vital that CPAs and tax attorneys take IRS audits seriously to minimize potential penalties and/or legal disputes for their clients and themselves.
The Knowledge Group is assembling a panel of experts to walk you through an IRS audit process. They will also offer best practices to head off potential costly errors and IRS penalties. Legal Series: Global High Wealth Audits and IRS Audits of Partnerships LIVE Webcast is a must attend event for CPAs, tax attorneys, auditors and other interested professionals who’d wants to be in the know with regard to auditing of high net worth individuals and partnerships.
Course Level: Intermediate
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124349
Recording Fee: $299 (Please click here for details)
Agenda (click here to view more)
Thomas A. Cullinan, Partner,
Sutherland Asbill & Brennan LLP
** Speaker Talking Points to be added soon.. **
Edward L. Froelich , Of Counsel ,
Morrison & Foerster LLP
The Global High Wealth Initiative is a significant audit initiative of the IRS that focuses on “the entire web” of business entities controlled by a high wealth individual. Taxpayers faced with a Global High Wealth audit should be prepared for a very scrutinizing audit which will focus on business structures and especially foreign business interests.
Partnership audits may result from a GHWI audit given that many wealthy individuals use partnership structures for a variety of business and tax efficient reasons. Partnership audits are particularly complex as they are subject to a host of specialized procedural rules, and there is constant litigation about the application of these rules.
This webinar will address some of the more significant problem areas that can arise in a GHWI audit and in a partnership audit (regardless whether it arises under GHWI) and best audit practices.
Sutherland Asbill & Brennan LLP
Thomas A. Cullinan
speaker bio »»
Morrison & Foerster LLP
Edward L. Froelich
speaker bio »»
Who Should Attend?
- Tax Preparers
- Enrolled Agents
- Tax Directors of Partnerships
- Tax Managers of Partnerships
- Tax Attorneys
This is a must-attend event for CPAs, auditors, tax attorneys and other related professionals who want to be in the know of the IRS audit process and best practices.
- New guidance will be explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A
Advanced registration is recommended as space is limited. Register early and save! Click the “Register” button below to sign up for this course today.
Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.
Legal Series: Global High Wealth Audits and IRS Audits of Partnerships
Event Sponsors / Speaker Firms:
Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies. Our legal practice is built on delivering partner-level attention and unfaltering dedication to client service. This approach attracts clients faced with issues and opportunities that demand a deep understanding of business, specific industry knowledge and the ability to manage complex matters across state and national borders.
We are Morrison & Foerster—a global firm of exceptional credentials in many areas. Our clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. We’ve been included on The American Lawyer’s A-List for nine straight years, and Fortune named us one of the “100 Best Companies to Work For.” Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger. Visit us at www.mofo.com.
The Knowledge Group, LLC 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org
We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of State Bar Associations. The State Bars will have the final determination on whether to provide credit or not. If you have any questions, please email our CLE coordinator at: firstname.lastname@example.org
Attention New York Attorneys:
This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less.
To Claim Your CLE Credits:
The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board.
To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml
Attention Pennsylvania Attorneys:
Knowledge Congress is not yet an Accredited Distance Learning Provider in PA, neither the instructors nor any PA attendees will receive credit for the course.
Enrolled Agents Sponsor ID Number: 7602U
We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.