Legal Series: Global High Wealth Audits and IRS Audits of Partnerships
Overview:
An IRS audit can be intimidating for any of its recipients especially high net worth individuals and partnerships. It is vital that CPAs and tax attorneys take IRS audits seriously to minimize potential penalties and/or legal disputes for their clients and themselves.
The Knowledge Group is assembling a panel of experts to walk you through an IRS audit process. They will also offer best practices to head off potential costly errors and IRS penalties. Legal Series: Global High Wealth Audits and IRS Audits of Partnerships LIVE Webcast is a must attend event for CPAs, tax attorneys, auditors and other interested professionals who’d wants to be in the know with regard to auditing of high net worth individuals and partnerships.
Agenda:
SEGMENT 1:
Thomas A. Cullinan, Partner,
Sutherland Asbill & Brennan LLP
** Speaker Talking Points to be added soon.. **
SEGMENT 2:
Edward L. Froelich , Of Counsel ,
Morrison & Foerster LLP
The Global High Wealth Initiative is a significant audit initiative of the IRS that focuses on “the entire web” of business entities controlled by a high wealth individual. Taxpayers faced with a Global High Wealth audit should be prepared for a very scrutinizing audit which will focus on business structures and especially foreign business interests.
Partnership audits may result from a GHWI audit given that many wealthy individuals use partnership structures for a variety of business and tax efficient reasons. Partnership audits are particularly complex as they are subject to a host of specialized procedural rules, and there is constant litigation about the application of these rules.
This webinar will address some of the more significant problem areas that can arise in a GHWI audit and in a partnership audit (regardless whether it arises under GHWI) and best audit practices.
Who Should Attend:
- Tax Preparers
– Auditors
– CPAs
– Enrolled Agents
– Tax Directors of Partnerships
– Tax Managers of Partnerships
– Controllers
– Treasurers
– Tax Attorneys
Tom Cullinan, a member of Sutherland’s Tax Practice Group, focuses on tax controversies against the Internal Revenue Service (IRS). He …
Edward Froelich represents clients in audit and litigation on all Federal tax issues. Mr. Froelich has litigated a number of …
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
NONE
Course Code:
124349
Total Credits:
2.0 CLE
Login Instructions:
No Access
You are not logged in. Please Login or register to the event to gain access to the materials and login instructions.
Unlock All The Knowledge and Credit You Need
Leading Provider of Online Continuing Education
It's As Easy as 1, 2, 3
Get Your 1-Year All Access Pass For Only $199
SPEAKERS' FIRMS:
About Sutherland Asbill & Brennan LLP
Sutherland Asbill & Brennan LLP is a law firm with global reach known for solving challenging business problems and resolving sophisticated legal issues for many of the world’s largest companies. Founded in 1924, the firm handles matters throughout the United States and worldwide. Seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate, and tax—provide the framework for an extensive range of focus areas, allowing Sutherland attorneys to serve a diverse client base that ranges from small and medium-sized start-up businesses to a significant number of Fortune 100 companies. Our legal practice is built on delivering partner-level attention and unfaltering dedication to client service. This approach attracts clients faced with issues and opportunities that demand a deep understanding of business, specific industry knowledge and the ability to manage complex matters across state and national borders.
Website: https://www.sutherland.com/
About Morrison & Foerster LLP
We are Morrison & Foerster—a global firm of exceptional credentials in many areas. Our clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. We’ve been included on The American Lawyer’s A-List for nine straight years, and Fortune named us one of the “100 Best Companies to Work For.” Our lawyers are committed to achieving innovative and business-minded results for our clients, while preserving the differences that make us stronger. Visit us at www.mofo.com.
Website: https://www.mofo.com/