$49.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)
Secure Transaction How to Reduce Penalty Exposure: Qualified Amended Returns
Format
Webcast
Course Level
Basic
CPE Credits
1 Credits: Taxes
Course Description
This comprehensive class, led by tax law expert Professor Leslie Book, offers a valuable opportunity for professionals to expand their understanding of civil tax penalties. The course centers on the concept of qualified amended returns (QAR), a significant yet underutilized strategy for avoiding accuracy-related civil tax penalties. Through this class, participants will gain a thorough understanding of civil tax penalties, including underpayment and substantial understatement, and learn how to effectively apply the concept of QAR in real-world scenarios. Additionally, the class covers the intricacies of superseding returns, a concept closely related to QARs but with distinct applications, especially in situations involving potential civil fraud penalty exposure. This class is an essential resource for tax, accounting, and finance professionals seeking to enhance their expertise in civil tax penalties and learn practical applications of QAR and superseding returns, particularly in the evolving area of crypto transactions.
Learning Objectives
Upon completion of this webcast, attendees will have an understanding of the following:
- Civil tax penalties overview- accuracy related penalties, penalties by the numbers, underpayment and accuracy related penalties, substantial understatement;
- High level QAR and Immediate Effect;
- Superseding Returns- civil fraud penalty exposure after an original possible fraudulent return is filed; and
- QAR and Crypto Transactions.
Course Specifics
WC1822317655
December 19, 2022
None
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02290-22-O
IRS Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1868
CTEC Federal Tax Law 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 registration 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. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Professor Leslie Book is a Professor of Law at the Villanova Charles Widger School of Law. While at Villanova Professor Book served as Director of the Federal Tax Clinic, Director of the Graduate Tax Program, and Director of the Online Graduate Tax Program. Prior to coming to Villanova, Professor Book was an Assistant Clinical Professor and Director of the Low-Income Tax Clinic at Quinnipiac University School of Law in Hamden, Connecticut. Before joining the academy, Leslie Book was associated with Davis Polk and Wardwell and Baker & McKenzie in New York and in London. He also served as a Professor …
Related Courses
-
Taxes
2023 Federal Tax Update (Complete Edition)
Mark Seid, EA, CPA, USTCP & Sharon Kreider, CPA
Webcast
Credits: 16 $659.00 -
Taxes
2023 California Federal Tax Update (Complete Edition)
Webcast
Credits: 20 $659.00 -
Taxes
The Life Cycle of a Revocable Living Trust
Alice Orzechowski, CPA CMA EA Webcast
Credits: 2 $98.00