Inspired Perspectives | IRS Hot Topics

Webinar

Course Description:
This webinar will discuss key developments in individual and business taxation over the last year. Learn about the current IRS areas of focus in examination and appeals that may be of interest to business owners. We will also briefly discuss the impact of the election on the IRS and potential upcoming tax legislation. In addition, we will explore updates and issues stemming from the COVID-19 outbreak and changes to IRS procedures, including limits on information requests and examination enforcement.

Learning Objectives:

  • Discuss the impact of new partnership audit rules in the post-TEFRA era; opt-out or opt-in?
  • Tax reform challenge and strategies: how is the IRS interpreting the latest strategies?
  • Explore the current status of IRS exam resources; new LB&I campaign update.
  • Review the process of an examination and the keys to presenting and protecting your evidence.
  • Identify the issues commonly raised by the IRS, including reasonable compensation, large losses, material participation and related party transactions.
  • Discuss the IRS Global High Wealth exam team that audits high wealth taxpayers.
  • Explore new IRS rules regarding required disclosure of captive insurance.
  • Review IRS issues involving Donor Advised Funds and IP Monetization.

Presenters:
Benjamin Peeler, JD, CPA, LL.M, Partner-in-Charge of IRS Tax Controversy | Eide Bailly
Ben has more than 20 years of tax experience specializing in federal tax, controversy and procedure. He leads Eide Bailly’s IRS Controversy and Procedure practice and works with clients in the areas of income tax, estate and gift tax, property tax, sales and use tax, estate planning and other various tax matters. He assists clients in complicated IRS exams, collection issues, international tax penalty issues and procedural issues including PLRs, TAMs and carious other compliance issues. Ben has represented clients and the IRS before the United States Tax Court (as a former IRS Special Trial Attorney). With the IRS, he handled large and specially designated tax cases in Tax Court and in litigation before the federal district court as a special assistant to the United States Attorney and an attorney for the IRS Office of Chief Counsel. He currently advises and provides webinars on complicated tax matters and current IRS campaign exams such as captive insurance and conservation easements. Additionally, he was an instructor for groups of IRS attorneys, revenue agents and revenue officers through various procedures.

Elyse Katz, CPA, Senior Manager | Eide Bailly
Elyse is a former Revenue Agent with the IRS and comes to us with 10 years of experience in IRS Controversy cases. She handled the entire range of income tax audits from large flow-through business entities, captive insurance, employment tax, and individuals for the IRS. She can provide an in-depth understanding of complicated IRS audit issues as well as a diverse understanding of technical tax issues from the IRS perspective.

CPE Information
CPE Credit: 1
Field of Study: Taxes
Level of Knowledge: Update
Delivery Method: Group-Internet Based

Additional Information:
This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.

Inspired Perspectives Webinar Series

Interested in learning more about Growth & Success, Inevitable Changes, The Year Ahead and Exiting Your Business? Join us, for one or all of our information and educational webinars designed to keep our clients, colleagues and friends informed on innovative business and tax strategies.

The tools and resources presented will help businesses and individuals make informed decisions and remain successful and compliant in the competitive marketplace. Click the Webinar Series button to view our upcoming webinars or view past recordings.




CPE Sponsors

Stay current on your favorite topics

SUBSCRIBE

Applicable Services

Take a deeper dive into this Insight’s subject matter.

Tax Tax Consulting