Broadcast Date: Thursday, October 15, 2020
from 12:00 pm to 1:00 pm (ET)
Overview:
Despite deadline extensions and a challenging environment caused by the COVID-19 outbreak, the Internal Revenue Service (IRS) continues its strict tax enforcement. Audit activity is expected to be more aggressive as governments grapple to cover the current budget deficit and falling revenues. However, businesses facing assessments or controversies may be able to settle cases more favorably under the present financial crisis.
Thus, the need for a prompt and professional legal advice remains crucial even amidst the pandemic. Tax professionals should stay conversant with the ever-changing IRS enforcement strategies and legal revamps to successfully address their clients’ potential or ongoing tax disputes. Corporate executives should be equally current to take advantages of new opportunities to reduce federal tax liabilities.
In this LIVE Webcast, seasoned tax litigators W. Curtis Elliott, Jr. (Culp, Elliott & Carpenter, PLLC) and Barry A. Furman (Fineman Krekstein & Harriswill) will provide the audience with an in-depth analysis of the recent developments in tax enforcement. Speakers will also outline the leading practices to help tax professionals represent clients before the IRS and litigate tax controversies, and help tax professionals and corporate executive manage possible risks and reduce liabilities.
Key topics include:
- Recent IRS Trends and Developments
- Implications of COVID-19 to Tax Controversies
- Action Items for Tax Professionals
- Best Practices in Defending Against Tax Disputes
Credit:
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
On-demand Webcast (CLE)
Prerequisite:
General knowledge of tax laws
Course Code:
149054
NY Category of CLE Credit:
Areas of Professional Practice
Total Credit:
1.0 CLE
How to Claim CLE Credits Per State:
https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/
CLE State Requirements:
https://knowledgewebcasts.com/cle-state-requirements/
CPE State Requirements:
Speaker Panel:
W. Curtis Elliott, Jr., Partner
Culp, Elliott & Carpenter, PLLC
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).
Barry A. Furman, Of Counsel
Fineman Krekstein & Harris
For the past 35 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. There, Barry represented the Commissioner of IRS in many significant cases and awarded several merit awards. In private practice, Barry 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. In private practice, his peers have rated Barry as “Esteemed.”
Agenda:
SEGMENT 1:
Barry A. Furman, Of Counsel
Fineman Krekstein & Harris
- Covid-19 news releases such as IRS stops mailing notices to taxpayers with balances due
- Guidance to Taxpayer Advocate Service employees on types of cases accepted
- Targeting auditing high net worth taxpayers and tax targets
- New centralized partnership audit regime
- Overview of tax litigation forums and recent significant cases such as Kisor deference in tax controversies
SEGMENT 2:
W. Curtis Elliott, Jr., Partner
Culp, Elliott & Carpenter, PLLC
- Procedures for Remote Trials in the U.S. Tax Court;
- Changes to the IRS’s Policies for Cases Designated for Litigation.
- IRS Recent Enforcement Steps Involving Conservation Easements.
Date & Time:
Thursday, October 15, 2020
12:00 pm to 1:00 pm (ET)
Who Should Attend:
- Tax Managers and Directors
- Tax Lawyers and Consultants
- Tax Accountants
- Controllers
- Tax Advisors
- Tax Compliance Officers
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