Federal Tax Controversy in 2020: Preparing for IRS Enforcement Initiatives
The shifting regulatory paradigm and emerging developments in federal tax laws confront companies with increased scrutiny on their tax planning practices. As the U.S. International Revenue Service (IRS) intensifies its enforcement initiatives, compliance has become more challenging and complex than ever. Thus, making companies more vulnerable to tax controversies. Failure to address and mitigate potential tax issues could mean hefty penalties.
It is, therefore, essential that companies and practitioners are in the know of the latest trends and developments in tax laws. They must revisit their compliance practices and strategic action plans to avoid risks and issues.
In a LIVE Webcast, a panel of key thought leaders and professionals assembled by The Knowledge Group will present to the audience an in-depth discussion of federal tax controversies. Speakers will also discuss key IRS enforcement initiatives and offer best practices and risk mitigation strategies to help practitioners in this evolving legal climate.
Key issues covered in this course are:
- Federal Tax Controversies: Trends and Updates
- Key IRS Enforcement Initiatives
- Critical Issues and Challenges
- Best Compliance Practices
- What Lies Ahead
W. Curtis Elliott, Jr., Partner
Culp, Elliott & Carpenter, PLLC
- Access to IRS Administrative Appeals in Tax Court Cases
- Use of Summary Accounting Evidence in Tax Cases
- Penalties and Prior Supervisory Approval under Section 6751(b)
- IRS Challenge to Conservation Easements
Kevin M. Johnson, Partner
Baker & Hostetler LLP
- IRS Enforcement Objectives for 2020
- Partnership Audits Finally Coming under the BBA.
- Employee Classification (and “gig” industries)
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 Advisers and Directors
- Tax Managers
- Tax Attorneys
- Tax Consultants
- Tax Accountants
- Enrolled Agents
- Tax Practitioners and Professionals
- Tax Compliance Officers
Curtis Elliott is one of the leading tax litigators in the United States. He has over 30 years of experience litigating civil and criminal tax cases, including IRS audits and appeals, and grand jury proceedings. He has extensive courtroom trial experience in the U.S. Tax Court, the Federal District Courts and state courts. His tax advocacy has resolved some of the most complex, high stakes tax cases for clients. Mr. Elliott's clients include Fortune 500 companies, entrepreneurial companies, estates and individuals. He works closely with co-counsel and CPA firms. Mr. Elliott is a Fellow in the American College of Tax Counsel, and is very active in the ABA Section of Taxation. He speaks at conferences across the country on tax dispute topics. Mr. Elliott also co-authored the nationally published treatise entitled Valuation Practice in Estate Planning and Litigation (Clark Boardman Callahan, 1994).
Curtis Elliott is one of the leading tax litigators in the United States. He has over 30 years of experience …
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’ …
Kevin Johnson focuses his practice on tax controversy and litigation, as well as domestic and international tax planning. Early in his career, he joined the IRS as a revenue agent and also worked in the IRS Office of Appeals. As a result of this experience, he offers a unique perspective and an insider's understanding of IRS practice and procedure.
Kevin Johnson focuses his practice on tax controversy and litigation, as well as domestic and international tax planning. Early in …
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Method of Presentation:
General knowledge of tax laws
NY Category of CLE Credit:
Areas of Professional Practice
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About Culp, Elliott & Carpenter, PLLC
Culp Elliott & Carpenter, PLLC is a Charlotte, North Carolina tax law firm founded in 1982. It provides innovative tax, and legal solutions that create value for its clients, and helps clients achieve the most important goals in their businesses and lives. The Firm represents high-net-worth individuals, successful entrepreneurs, and corporate business clients. Firm members develop effective strategies to save on taxes, representing clients in the areas of estate planning, real estate and commercial transactions, mergers, acquisitions, restructuring and recapitalizations. Firm members handle civil and criminal tax litigation, and trusts and estates litigation, at all levels of dispute, and represent clients in disputes with the Internal Revenue Service. The Firm serves clients throughout the Southeastern United States.
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 Baker & Hostetler LLP
Recognized as one of the top firms for client service, BakerHostetler is a leading national law firm that helps clients around the world address their most complex and critical business and regulatory issues. With five core national practice groups – Business, Intellectual Property, Labor and Employment, Litigation, and Tax – the firm has nearly 1,000 lawyers located in 14 offices coast to coast.