Disclosure? Don’t File an Uncertain Tax Return Without It – 2019 Tax Season Chaos

Salepage : Disclosure? Don’t File an Uncertain Tax Return Without It – 2019 Tax Season Chaos
Archive : Disclosure? Don’t File an Uncertain Tax Return Without It – 2019 Tax Season Chaos Digital Download
Delivery : Digital Download Immediately

With a slew of unresolved Tax Cuts and Jobs Act (TCJA) questions flying at us like a pack of defensive lineman, this tax season is (or appears to be) out of control. Tax software businesses’ approaches are “all over the place” in terms of shifting goals. Clients want their tax results right now. If the IRS audits a return years later, they will have the advantage of hindsight. Much of the law is sloppy, sloppy, sloppy.

What should a tax preparer do? One solution is to now communicate uncertainty (re: 199A or any other thorny issue) to the IRS on tax returns. That’s correct. Tell and kiss. Inform your enemy of your plans. All in the sake of getting your customer and yourself through the day.

**Please Note: If you want IRS credit for this IRS-approved program, please download the IRS CE request form from the Course Materials Tab and email it to [email protected].

Fundamental Course Information

Objectives of Learning

Learn how to identify tax positions that require disclosure, maintain a strong tax file, include the client in the strategy, and disclose uncertain tax positions on federal tax returns.

Major Topics

How can claiming 199A jeopardize the entire tax return?
How the TCJA’s accuracy and preparation penalties are a “difficult go” early on
When should disclosure be made (and when should it not be made)? Is Form 8275 required, or will white paper suffice?
But doesn’t disclosure result in an audit?
What does the venerable Form 8082 (Notice of Inconsistent Position) have to do with any of this?

Bradley Burnett is a tax lawyer in Colorado. He got a Master of Laws in Taxation (LL.M.) from the University of Denver School of Legal Graduate Tax Program after completing undergraduate (Business Administration/Accounting) and law (J.D.) studies. After working for national and local accounting businesses as well as a medium-sized Denver legal practice, he founded his own firm in 1990. He has given over 3,300 tax law presentations to CPAs, attorneys, EAs, and others in all fifty states, Washington, D.C., and seven countries. Bradley was an adjunct lecturer at the University of Denver School of Law Graduate Tax Program for four years, where he pioneered an employment tax course and periodically filled in on IRS law and procedure. He writes and teaches tax materials for Commerce Clearing House (CCH), has earned the Illinois Society of CPAs Instructor Excellence Award, and has been the most sought and highest-rated presenter at annual state CPA tax institutes five times. His presentation approach is a fast-paced, humorous delivery of practical knowledge.

More from Categories : Business & Sales