Image of Disclosure? Don’t File an Uncertain Tax Return Without It - 2019 Tax S
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Disclosure? Don’t File an Uncertain Tax Return Without It - 2019 Tax Season Chaos


Total Credits: 2 including 2 Taxes - Technical

Average Rating:
   4.5
Category:
ACPEN Industry Institute |  Tax
Faculty:
Bradley Burnett, J.D., LL.M.
Course Levels:
Update
Duration:
2 Hours
License:
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.

Description

With the plethora of Tax Cuts Jobs Act (TCJA) unanswered questions coming at us like a pack of defensive linemen, this tax season is (or at least seems to be) out of control. Approaches by tax software companies are “all over the board” moving targets. Clients want their tax returns now. If IRS scrutinizes a return (years later), they’ll have the benefit of hindsight. Much of the law is messy, messy, messy, messy.

 

What is a tax preparer to do? One approach is to disclose uncertainties (re: §199A or any other messy area) to IRS on tax returns now. Yes, that’s right. Kiss and tell. Tell the adversary what you’re up to. All for the sake of seeing your client and you through to a better day.

 

Basic Course Information

Learning Objectives
  • To learn how to scout out tax positions needing disclosure, keep a good tax file, involve client in approach and disclose uncertain tax positions on federal tax returns

Major Subjects
  • How does claiming §199A put the whole tax return in peril?
  • How the accuracy and preparer penalties for TCJA is a “tough go” early on
  • When disclosure may help (and, when it may not)
  • If disclose, specifically how? Is Form 8275 necessary, or does white paper cut it?
  • But, doesn’t disclosure get you audited?
  • What does age-old Form 8082 (Notice of Inconsistent Position) have to do with all of this anyway?

Course Materials

Faculty

Bradley Burnett, J.D., LL.M. Related seminars and products: 19


Bradley Burnett, J.D., LL.M. (Taxation), is a practicing Colorado tax attorney with 33 years of tax practice experience. His practice emphasis is on tax planning and tax controversy resolution. He also prepares a handful of tax returns.

Prior to establishing his own law firm in 1990, he practiced tax accounting with national and local CPA firms, worked as trust officer for a Denver bank and managed the tax department as partner in a medium-sized Denver law firm. After receiving his undergraduate degree in accounting and law degree (J.D.), he earned a Master of Laws (LL.M.) in Taxation from the University of Denver School of Law Graduate Tax Program.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey and Canada. He has authored texts of 35 CPE courses.

Bradley served as adjunct professor at the University of Denver School of Law Graduate Tax Program, where he pioneered an Employment Tax course and occasionally pinch hit teaching the IRS Practice and Procedure topic.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion. His forte’ is the candid communication of practical ideas relating to tax law.


Dates

Wed, Nov 06, 2019 - 10:00a to 12:00p CST
Mon, Nov 18, 2019 - 12:00p to 02:00p CST
Sat, Dec 07, 2019 - 02:00p to 04:00p CST
Thu, Dec 19, 2019 - 08:00a to 10:00a CST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Tax preparers and planners desiring to avoid client accuracy and preparer penalties and malpractice exposure
Original Recording Date 07/18/2019
Yellow Book No
Course Developer Bradley Burnett Tax Seminars, Ltd.
Date Added to Catalog 07/03/2019

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method Group Internet Based

Promo Video

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Overall:      4.5

Total Reviews: 6

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