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Thursday, June 8, 2017 Live

Red Flag Issues (E1706301)

8:30 AM - 4:30 PM EDT

Registration: 8:00 AM EDT

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in TX

OVERVIEW

Based on recent areas of IRS activity, this course will look at various topics that have been problematic for taxpayers or where the IRS has indicated a special interest. This course will detail cases and rulings that outline areas of conflict, emphasizing the key areas of IRS attack on taxpayer positions. This course will outline how the CPA can counsel clients in these areas to strengthen the taxpayers’ case in the event of examination.

DESIGNED FOR

CPAs who advise clients on tax return positions and those who represent clients in IRS examinations.

BENEFITS

  • Understand issues that trigger IRS scrutiny of the taxpayer’s positions on returns
  • Learn how to educate clients on the items needed to sustain their positions if their returns are examined
  • Advise clients with regard to positions on returns that are more likely to lead to IRS scrutiny
  • Effectively represent clients in IRS examinations and advocate for the taxpayer’s positions and interests

HIGHLIGHTS

  • S Corporation reasonable compensation matters/LLC self-employment tax matters
  • Passive activities, including real estate professional status
  • Travel, entertainment and automotive required documentation issues under §274(d)
  • Charitable contribution documentation requirements and deficiencies
  • Retirement plan rollovers to IRAs used to purchase operating businesses
  • Alimony and unclear divorce documentation
  • Taxpayer penalties imposed on tax assessments
  • Other recent hot button IRS issues based on cases and rulings
  • Examination procedures, including the 30 day and 90 day letters

COURSE LEVEL

Intermediate

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

Don Cochran

Don Paul Cochran, CPA, J.D., CFP, CRC

Don Paul Cochran, J.D., CPA Don has practiced law in both Iowa and Minnesota for 40 years. He is currently in solo practice of law in Apple Valley, Minnesota, focusing on tax, estate planning, and small business organization and management. He was a CPA with the Small and Emerging Business practice of then-Big 8 accounting firm, Touche Ross, in Bloomington, Minnesota, and has served as the Vice President of Tax and CFO with various privately and publicly held companies. He also served as an advanced sales consultant with Securian Financial, Nationwide Financial, and Pacific Life Insurance Company’s Annuity and Mutual Fund division, providing advanced planning support for financial advisors on topics of financial and estate planning for small to medium-size businesses and wealthy individuals.

Don is actively involved in continuing education and other seminars for financial professionals and accountants, on topics related to tax issues for individuals and small businesses; current financial planning and asset transfer; and preparing for and living through retirement. Don is much sought after as a presenter of CPE for seminars sponsored by state societies of CPAs, CPA firms, and other providers of continuing education for financial professionals, and is a featured speaker at several national tax conferences.

Don earned a Bachelor of Science in General Science from the University of Iowa, Iowa City, Iowa, and graduated from the University of Iowa College of Law with his Juris Doctorate. In addition to being a licensed attorney in Minnesota and Iowa, he maintains his license as a Certified Public Accountant. He also attained the designation of Certified Financial Planner® and Certified Retirement Consultant.®

PRICING

$299.00 - Member

$399.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Loscalzo Institute