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OUT OF TIME, OUT OF LUCK? HOW TO REQUEST RELIEF FOR A LATE OR MISSED ELECTION

CPE Processing Fee$10.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE1.0
1 hour for EAs (Federal Tax Update)
Course Id# - HURS9-U-00483-19-S
Subject AreaTaxes
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJun 20, 2019
Date OfferedAug 07, 2019
Course Description

Just because a taxpayer missed an election does not mean he or she is completely out of luck. So called “Section 9100 Relief” may provide taxpayers a second chance for certain regulatory elections. This panel reviews the rules for late election relief under Treas. Reg. Sections 301.9100-1 to -3, including how to maximize your chances of obtaining such relief and other ways to fix late elections outside of the Section 9100 process.

Learning Objectives

  • Identify procedures and best practices related to filing for Section 9100 relief.

10
Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 0:10:00 minutes
QUESTION 2: 0:33:00 minutes
QUESTION 3: 0:58:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Pwc

Mary I. Slonina is a Director in PwC’s Tax Controversy and Regulatory Services practice. She assists clients in addressing federal procedural and administrative tax issues and represents clients in interactions with IRS examination and collection functions, the IRS Office of Appeals, and the IRS Office of Chief Counsel.

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Eduardo Chung

Mazars USA
Director, Tax Practice and Procedures Group
eduardo.chung@mazarsusa.com
(212) 375-6617

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Practice leader of the Tax Practice and Procedures Group, Ed has over a decade of experience representing individuals, estates, C corporations, Subchapter S corporations and other flow-through entities. He has served on a number of engagements advising on laws applicable to and the policies and procedures followed by the IRS and the various state and local tax jurisdictions in the examination of tax returns, administrative appeals of examination determinations, tax court litigation, and the collection of outstanding tax liabilities.

Prior to joining Mazars, he was an associate in a boutique tax firm, where he participated in the litigation of a variety of federal and state tax controversies.

David Lifson

Crowe Horwath LLP
Gpcs Tax Partner
david.lifson@crowe.com
(212) 572-5555

Crowe

David is an accomplished author and speaker, and his subject matter expertise is frequently sought out by the media, including the Wall Street Journal and The CPA Journal. In addition to his work at Crowe, David has served on the Internal Revenue Service’s Advisory Council, the senior private sector advisory body to the IRS, and chaired its Small Business and Self-employed Subgroup through 2011. He has also testified before Congress and been featured in the media representing the Certified Public Accountants profession.

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Rosemary Sereti

Deloitte LLP
Managing Director, Tax
rsereti@deloitte.com
(202) 220-2118

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Rosemary Sereti is a Managing Director within Deloitte’s Washington National Tax, tax controversy services practice. Prior to joining Deloitte, Ms. Sereti served as the deputy commissioner for the Large Business and International (LB&I) division at the IRS. Rosemary is advising Deloitte Tax LLP’s U.S. clients on navigating IRS examinations and other interactions with the Internal Revenue Service, along with addressing sensitive issues.
 
In her tenure with the IRS, Rosemary spearheaded notable initiatives while leading a team of more than 5,000 tax professionals and staff. These include designing and implementing the new Compliance Campaign process; forming a cross-functional implementation team to govern and provide strategic oversight for the new partnership audit procedures; and developing a strategic plan to redesign the Compliance Assurance Program and the legacy Coordinated Industry Case Program.

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Shamik Trivedi

Grant Thornton, LLP
Senior Manager, Washington National Tax Office
shamik.trivedi@us.gt.com
(202) 521-1511

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About Our Presenter

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For nearly 85 years, the NYU School of Professional Studies has been a deeply respected institution of higher education that is grounded in applied learning. It has served as a source of empowerment for individuals from NYC, across the country, and around the world, who aspire to become the next generation of leaders and innovators of industry.

Throughout its rich history, NYUSPS has met the needs of the students and the professional communities it serves. From its early years, training returning World War II veterans to fulfill the nation’s urgent need for skilled technical workers, it has evolved into a professional education powerhouse that offers 19 graduate degrees, 13 bachelor’s degrees, four associate’s degrees, and a plethora of non-degree courses and credentials. It is focused on building skills that open doors to opportunities in emerging fields and global markets.