PLAY RECORDING

Broadcast Date: Thursday, August 04, 2022
from 12:00 pm to 1:00 pm (ET)

Overview:

The aggressive focus against tax evasion and other criminal activities around the globe is likely to continue. In the U.S., the crackdown on taxpayers who fail to report offshore financial assets and accounts remains to be a top priority for the Internal Revenue Service (IRS) Criminal Investigation Department, including non-compliant virtual currency that should be disclosed under the expanded cryptocurrency reporting.

The stiffer penalties that await violators and non-compliant entities underscore the need for all concerned individuals to ensure reporting transparency and due diligence. They should also stay well-versed with the recent developments in foreign assets as well as current program options to ensure compliance considering the complex and evolving nature of the current disclosure system and requirements.

In this LIVE Webcast, seasoned tax attorney Shannon Smith (Withersworldwide) will unravel the new provisions and hot issues in the new IRS voluntary disclosure program. The speaker will also provide the best compliance tips to mitigate risks and pitfalls.

Key issues that will be covered in this course are:

  • New IRS Voluntary Disclosure Program: Legal Overview
  • How to Navigate Current Program Options
  • Necessary Tools and Best Practices to Mitigate Penalties
  • Best Options for Resolving Non-Compliance
  • Tips to Prepare for What’s Ahead

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast

 

Prerequisite:

General knowledge of tax laws

 

Course Code:

1410242

 

NY Category of CLE Credit:

Areas of Professional Practice

 

Total Credit:

1.0 CLE

Speaker:

Shannon Smith, Partner
Withersworldwide

Shannon Smith is a highly regarded global tax controversy attorney who assists high net worth US and international individuals and families, corporations, and partnerships in resolving high-stakes, complex tax controversies. She frequently advises on foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s Voluntary Disclosure Program and Voluntary Disclosure Practice, Streamlined Filing Procedure and other means of resolving US income and reporting deficiencies.

Shannon also represents clients in a broad range of tax, trust, estate, and business planning matters, from creating tax-efficient wealth transfer structures to addressing income tax issues arising from investments and operating businesses.

Agenda:

Shannon SmithPartner

Withersworldwide

  • Navigating Cryptocurrency Voluntary Disclosures
  • Practitioners under fire
  • Current program options
  • Evolving landscape of choosing the right path

Date & Time:

Thursday, August 04, 2022

12:00 pm to 1:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Tax Attorneys
  • Tax Practitioners
  • Tax Professionals
  • Tax Accountants
  • Tax Advisers
  • CPAs
  • Controllers
  • Chief Financial Officers
  • General Counsel

SPEAKER

Shannon SmithPartner
Withersworldwide

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