Tax Controversies: Managing Potential Implications to the Year Ahead
The federal tax laws have continuously evolved in recent years. With a number of guidance released by the Internal Revenue System (IRS) – from the Tax Cuts and Jobs Act (TCJA) changes to Large Business and International (LB&I) compliance campaigns to utility allowance regulatory amendment – coupled with the relentless crackdown on tax compliance errors, companies have become more vulnerable to tax disputes.
Managing the increasing IRS scrutiny requires an up-to-date knowledge of the recent enforcement trends and compliance updates. Companies and their counsel must be proactive in revisiting their compliance programs to mitigate risks and address tax controversies.
Join a panel of key thought leaders and practitioners assembled by The Knowledge Group as they present an in-depth discussion of the implications of the emerging trends and recent developments in tax laws. Speakers will also present practical tips and strategies to manage tax controversies in this changing legal climate.
This LIVE Webcast will discuss the following:
- Tax Controversies: Trends and Statistics
- Critical Issues and Challenges
- Managing Tax Controversies
- Best Compliance Practices
- What Lies Ahead
- Recognize the audit red flags and the latest IRS compliance campaigns
- Determine the main IRS Criminal Investigation priorities
Barry A. Furman, Attorney
Fineman Krekstein & Harris, P.C.
- Statistics: What are the chances of being examined by IRS
- What are the flags for being examined (probably list about 10 or so);
- IRS process for selection: DIFF score; TCMP audit; or
- Recent IRS "targeted campaigns" such as virtual currency; S corporation distributions; S corporation built-in gains (probably list about 5 or so); or
- Compliance Assurance Process (CAP) - 2019 large corporate taxpayers may participate in programs intended to resolve issues prior to filing tax returns
- Losing passports and delinquent tax debt; or
- AICPA Best Practices Statement 2018
David Gannaway, Principal
PKF O'Connor Davies, LLP
- IRS CID Enforcement Priorities
- IRS Special Enforcement Program Revenue Agent
- Title 31 / BSA Audits
Who Should Attend:
- Tax Managers and Directors
- Tax Lawyers and Consultants
- Tax Accountants
- Tax Advisors
- Tax Compliance Officers
David Gannaway is a Principal with PKF O’Connor Davies’ Forensic, Litigation and Valuation Services group. With more than 25 years’ experience, he has served as both an IRS Special Agent, handling criminal investigations, and a private sector consultant, unraveling complex domestic and international white-collar financial fraud schemes across numerous business sectors, including healthcare, non-profit and financial services, among others. Applying high-level technical expertise, he is recognized for preparing meticulous damage calculations and successfully refuting the computations presented by opposing witnesses. With a widely-respected record of producing impressive and favorable results in criminal and civil trials at both the state and federal levels, Mr. Gannaway is an exceptional client advocate in tax controversies, white-collar criminal investigations, offshore IRS disclosure issues, shareholder disputes and settlement negotiations.
Mr. Gannaway is a frequent speaker at industry conferences and a thought leader in the areas of preventing and detecting fraud, money laundering, civil and criminal income taxes, regulatory compliance, the Foreign Corrupt Practices (FCPA) and Bank Secrecy Acts.
David Gannaway is a Principal with PKF O’Connor Davies’ Forensic, Litigation and Valuation Services group. With more than 25 years’ …
For more than 30 years, Barry has counseled a wide range of business clients regarding tax, corporate, employment, estates and trusts, health care, and real estate. After serving as a law clerk for a federal judge, Barry was a senior trial attorney in the Office of Chief Counsel, Internal Revenue Service. While there, Barry represented the Commissioner of IRS in many significant and sensitive cases and was awarded several merit awards. In private practice, Barry’s has continued a tax litigation practice, representing clients before the IRS, state tax agencies, U.S. Tax Court, U.S. Claims Court, and U.S. Circuit Courts of Appeal. He also represents clients in IRS and state tax examinations including before the IRS Appeals Office. In private practice, Barry has been recognized by his peers with the highest esteemed rating in competency and ethics.
For more than 30 years, Barry has counseled a wide range of business clients regarding tax, corporate, employment, estates and …
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE); Group-Internet Based
General knowledge of tax laws
NASBA Field of Study:
Taxes - Technical
NY Category of CLE Credit:
Areas of Professional Practice
1.5 CPE (Not eligible for QAS (On-demand) CPE credits)
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About PKF O'Connor Davies, LLP
PKF O’Connor Davies, LLP is a full-service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, eleven offices in New York, New Jersey, Connecticut, Maryland and Rhode Island, and more than 700 professionals, the Firm provides a complete range of accounting, auditing, tax and management advisory services. PKF O’Connor Davies is ranked 29 on Accounting Today’s 2019 “Top 100 Firms” list and is recognized as one of the “Top 10 Fastest-Growing Firms.” PKF O’Connor Davies is also recognized as a “Leader in Audit and Accounting” and is ranked among the “Top Firms in the Mid-Atlantic,” by Accounting Today. In 2019, PKF O'Connor Davies was named one of the 50 best accounting employers to work for in North America, by Vault.
PKF O’Connor Davies is the lead North American representative in PKF International, a global network of legally independent accounting and advisory firms located in over 400 locations, in 150 countries around the world.
About Fineman Krekstein & Harris, P.C.
For more than 35 years, the law firm of Fineman Krekstein & Harris P.C. has represented individuals, corporations, nonprofit organizations and governmental agencies throughout the region.
Deeply rooted in the community, the attorneys at Fineman Krekstein & Harris understand the rules and appreciate the nuances specific to the courts, the government structure and legal and business interests in the metropolitan Philadelphia area.
The firm provides a full-range of legal services and business solutions. The litigation attorneys handle complex civil and commercial litigation, products liability, toxic torts, transportation and insurance matters. Corporate attorneys advise clients on tax-related issues, employment disputes, real estate matters and finance. The attorneys work collaboratively to provide a comprehensive solution designed to address the clients’ specific needs.
The firm is dedicated to the practice of relationships. Everyone at Fineman Krekstein & Harris is committed to providing top quality service to the firm’s clients through hard work and personal attention.