2022 IRS Civil Fraud Penalties: Navigating an Audit When Fraud is Involved

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
1 Credits: Taxes

Course Description

If a taxpayer intentionally files a false tax return then the IRS can assert a civil fraud penalty or worse, charge the taxpayer with a federal crime. The Internal Revenue Code permits the IRS to assess a 75% penalty where civil fraud is involved. This course will discuss how to navigate an audit where fraud is involved. We call these “egg shell audits” because you are walking on egg shells and trying not crack one that could lead to a fraud penalty, or a criminal indictment.

Learning Objectives

Upon completing this course, participants will be able to:

  • Identify the specific components of the Civil Fraud Penalty.
  • Understand how to navigate an audit when a taxpayer has committed fraud.
  • Understand a taxpayer’s rights during a civil fraud investigation and what rights the taxpayer has to appeal an adverse determination.
  • Understand the process and tools available to try and keep the audit civil instead of it being referred to the Department of Justice for criminal indictment.

Course Specifics

Course ID
WC1822291177
Revision Date
July 21, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02046-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1782
CTEC Federal Tax Update Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Adam Fayne, Attorney

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …

Adam Fayne, Attorney Read More »

2022 IRS Civil Fraud Penalties: Navigating an Audit When Fraud is Involved

Expert Instructors
CPE CREDITS
1 Credits: Taxes

$49.00


Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 5 hour(s) and 57 minutes to watch today.

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
1 Credits: Taxes

Course Description

If a taxpayer intentionally files a false tax return then the IRS can assert a civil fraud penalty or worse, charge the taxpayer with a federal crime. The Internal Revenue Code permits the IRS to assess a 75% penalty where civil fraud is involved. This course will discuss how to navigate an audit where fraud is involved. We call these “egg shell audits” because you are walking on egg shells and trying not crack one that could lead to a fraud penalty, or a criminal indictment.

Learning Objectives

Upon completing this course, participants will be able to:

  • Identify the specific components of the Civil Fraud Penalty.
  • Understand how to navigate an audit when a taxpayer has committed fraud.
  • Understand a taxpayer’s rights during a civil fraud investigation and what rights the taxpayer has to appeal an adverse determination.
  • Understand the process and tools available to try and keep the audit civil instead of it being referred to the Department of Justice for criminal indictment.

Course Specifics

Course ID
WC1822291177
Revision Date
July 21, 2022
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-U-02046-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1782
CTEC Federal Tax Update Credits: 1

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.

Course Instructor

Adam Fayne, Attorney

Adam Fayne assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Adam routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Adam is also a tax attorney who helps businesses and individuals with tax controversies before the Internal Revenue Service (IRS) and tax planning both domestically and internationally. He also handles a variety of white collar criminal matters, both …

Adam Fayne, Attorney Read More »

2022 IRS Civil Fraud Penalties: Navigating an Audit When Fraud is Involved

Expert Instructors
CPE CREDITS
1 Credits: Taxes

Webcasts are available for viewing Monday - Saturday, 8am - 8pm ET.
This webcast is 1 hours in length so you must start it before 07:00 pm ET.
Start within 5 hour(s) and 57 minutes to watch today.

$49.00