If there is a potential error, the IRS will assess a tax and add a hefty penalty, without even knowing the facts. As a tax professional, you will be exposed to the IRS and their methods of penalizing taxpayers for the smallest of violations. This presentation will focus on the rules and regulations that create the penalty, and the reasons that exist that the IRS will consider to remove those penalties. 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...
- Analyze the roles, responsibilities, and key skills required for forensic accountants.
- Evaluate the ethics in forensic accounting and strategies for ethical decision-making.
- Prepare clear, concise, and objective expert reports, including understanding their components and best practices.
- Conduct thorough investigations, gather evidence, and write accurate and detailed investigation reports.
- Critique investigation reports and economic damage calculations through real-world examples and case studies.
Major Topics
The major topics covered in this class include:
- A step-by-step process from the initial client phone call to you writing a report of your findings for any civil or criminal actions that may be pursued
- How to advise your client in approaching an allegation of embezzlement
- What pitfalls may arise in finding the truth
- The best practices to ensure that the evidence is preserved properly for potential civil or criminal actions
