CPAs spend most of their working lives reviewing bank statements and books and records of businesses. They are experts in understanding how to prepare financial statements according to GAAP. But would a CPA know a possible money laundering transaction if they saw it? Would they know about a money laundering business? Money laundering is a subject of many action and thriller movies, but rarely understood. This presentation will educate the CPA in understanding the basics of money laundering and how to identify money laundering. This presentation will help the CPA know the truth about money laundering, how to identify it, the statutes that define it, and the court cases that interpret it. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to... - Identify the various court approved methods of proof.- Recognize the court cases approving the methods of proof.- Calculate the different methods of proof.- Using given facts, choose the appropriate method of proof.
Major Topics
The major topics covered in this course include:
- The authority of the IRS in assessing tax penalties.
- The types of penalties that can be removed.
- The process the IRS uses to evaluate penalty abatements.
- How to request penalty abatements.
- Best practices in asking for penalty abatement, including using appeals.
