1. 2023 Internal Revenue Service Updates

Speaker - Adam Fayne
Duration - 60 Min
Credits - 1.0 IRS APPROVED CE CREDIT

The Internal Revenue Service changes and announces new initiatives every year.  This webinar will discuss the Internal Revenue Service’s latest initiatives and how you can prepare for a successful year in representing your clients.  We will discuss the Internal Revenue Service’s audit and collection efforts and activities and what you can expect during 2023 with an Internal Revenue Service that may have its first large budget increase in more than a decade.

Webinar Objectives

This webinar will provide insight and tools to assist you and your clients understand what the Internal Revenue Service will focus on during 2023 and how successful they were during 2022.  We will discuss what a large budget increase to the Internal Revenue Service will mean for taxpayers

Webinar Highlights
  • IRS Audit Activity during 2022
  • IRS Collection Activity during 2022
  • IRS priorities for 2023
  • IRS Budget and what it means for your client
  • New Programs that may be beneficial to your client

2. IRS Audits and Appeals

Speaker - Adam Fayne
Duration - 60 Min
Credits - 1.0 IRS APPROVED CE CREDIT

This webinar will provide an update of current IRS exam and settlement initiatives and procedures. Taxpayers have increasingly needed to seek the assistance of the IRS Appeals Division due to their inability to obtain a satisfactory result at the examination stage. Taxpayers who are audited usually have a right to appeal any determination by an examination agent. Taxpayers also enjoy the right to appeal certain IRS collection enforcement actions, including seizures and liens

Webinar Objectives

This webinar will provide insight and tools to assist your client to navigate audits that are both routine and may have a criminal or fraud element.  You will learn how to respond to Information Document Requests, how to engage the auditor, how to navigate the delicate balance was fraud is involved, and how to exercise your rights to appeal an unsatisfactory audit determination to the IRS Office of Appeals or the US Tax Court.

Webinar Highlights

  • How to prepare for an audit and respond to Information Document Requests.
  • How to navigate an audit when fraud is involved.
  • How to respond to a Summons request.
  • Available options when you disagree with an audit determination – Appeals, Tax Court, and District Court
  • Settlement initiatives of the IRS

3. Penalty Abatement Requests and Litigation 2023 Updates

Speaker - Adam Fayne
Duration - 60 Min
Credits - 1.0 IRS APPROVED CE CREDIT

The IRS asserts millions of dollars in tax penalties against taxpayers each year.  This webinar will teach you how to represent your client and seek abatement and removal of IRS penalties.  You will learn about Reasonable Cause exceptions to penalties, the First Time Penalty Abatement procedures, various methods to request penalty abatement (e.g. in exam, appeals, post-appeals, Collection Due Process), and how to litigate penalty abatement requests when you are unsuccessful in the examination , administrative, or appellate stage.  We will also discuss the various types of penalties that the IRS may assert against your client.

Webinar Objectives

This webinar will provide insight and tools to assist you and your clients understand what penalties may be asserted if certain actions are taken, or not taken.  You will learn how to dispute penalties at the various stages of a penalty lifecycle; e.g. examination stage, appellate stage, collection stage, and refund stage.  Lastly, you will learn about the ability to dispute penalties administratively and through formal litigation in Tax Court and District Court.

Webinar Highlights
  • The various penalties the IRS could assert against a taxpayer, including penalties related to foreign assets.
  • Contesting Penalties in Examination
  • Contesting Penalties in Appeals
  • Contesting Penalties in Collection Due Process
  • Contesting Penalties in Tax Court
  • Contesting Penalties in District Court
  • Automatic vs Discretionary Penalties
  • Reasonable Cause exception to Penalties
Who Should Attend

Accountants, tax preparers, CFOs, financial compliance professionals, and lawyers

 

Client Testimonial (MarcT)

This was my second tax law related seminar (one on civil tax fraud and the other on penalty abatement requests) presented by attorney Adam Fayne. He explains the complex clearly (e.g., the elements of civil tax fraud, defenses, and the IRS’s burden of proof), he understands what he is talking about (e.g., frequently providing numerous real-world examples from his own tax law practice), and he has depth of knowledge of tax law (which is rare for such a vast topic). He does the little things that a seminar attendee would appreciate. His slides seen throughout the seminar are a helpful and concise resource for later reference. Also, Mr. Fayne  took the time at the beginning to let us know about a recent US Tax Court decision decided days before the seminar that provides potential refund opportunities to taxpayers inappropriately assessed “Form 5471 penalties.” Similarly, he mentioned and cited on slides, when relevant, citations to the tax code, the  Internal Revenue Manual, and case law. I’d give both seminars I have attended my highest recommendation to experienced tax practitioners, as well as those new to that practice.