Megan L. Brackney Authored Two-Part Series For Procedurally Taxing Blog Entitled “The IRS’s Aggressive Enforcement Of Foreign Information Return Penalties Has Created Ethical Dilemmas For Practitioners”
Megan L. Brackney guest authored a two-part series for the Procedurally Taxing Blog entitled “The IRS’s Aggressive Enforcement Of Foreign Information Return Penalties Has Created Ethical Dilemmas For Practitioners.” The two posts raise important questions about practitioners’ ethical responsibilities when confronting clients’ potential exposure to
Caroline Ciraolo And Jay Nanavati Selected As 2022 Washington DC Super Lawyers For Tax And White-Collar Defense
WASHINGTON, D.C. (April 28, 2022) – Super Lawyers has selected Caroline D. Ciraolo and Jay R. Nanavati for inclusion on the 2022 Washington DC Super Lawyers list. Ciraolo was recognized for her excellence in tax law. Nanavati is ranked as a top white-collar criminal defense
FinCEN Extends FBAR Filing Deadline For All Filers to October 31, 2020!
On Friday, October 16, 2020, at 6:30 pm Eastern, the Financial Crimes Enforcement Network (“FinCEN”) released yet another announcement, this time extending the deadline for all Reports of Foreign Bank and Financial Accounts (FBARs) (FinCEN Form 114) for the 2019 calendar year to October 31,
The Pitfalls Of Foreign Asset Reporting
Course Description This course will explore foreign asset reporting on Form 8938, which will focus on issues that can be traps for the unwary. This includes differences between foreign account reporting on Form 8938 versus the FBAR, asset valuation issues that impact certain classes of
Federal Sentencing Update November 2019
Course Description This course will explore the basics of sentencing in federal criminal cases, emerging developments in sentencing in FBAR matters, practice tips for preparing for a sentencing hearing, and how accountants can help attorneys achieve better sentencing results in white collar cases. View or
Representing Taxpayers Without Records For Schedule C
Course Description This course will cover issues that arise for the tax-preparer when working with clients who don’t have adequate records. Schedule C pitfalls, the Earned Income Tax Credit (EITC), use of reconstructions and estimates, the Cohan rule, and the AICPA Statement on Standards with
International Information Return Penalties
Course Description This program will cover the basic requirements for reporting non-U.S. assets, and then discuss the penalties for failure to file these foreign information returns, the procedures for assessment and review, and taxpayer defenses. CLE: 1 credit hour in Areas of Professional Practice CPE:
When You May Use & Disclose A Client’s Tax Return Information Under 26 U.S.C § 7216
Under 26 U.S.C. § 7216, it is a crime for a tax return preparer to knowingly or recklessly disclose any tax return information, or use that information other than in tax return preparation. There are also civil penalties under 26 U.S.C. § 6713 for wrongful
How To Determine The Right Path Forward For Taxpayers With Foreign Asset Non-Compliance
Thank you for attending the presentation, “How to Determine the Right Path Forward for Taxpayers with Foreign Asset Non-Compliance” by Michael Sardar For future reference please feel free to access the course materials on this web page to review or save. View or download course