Until you know what to ask, you won't know if your clients need one of the many complex international information returns. The risk is high, with penalties ranging from $10,000 to $100,000 if returns are overlooked or completed incorrectly. Once these penalties are assessed, it can be nearly impossible to convince the IRS to waive them. Thus, it is critical for practitioners to screen clients to make sure that they are staying out of trouble and for business owners to understand the risks to make sure their team is covering all bases.
Learning Objectives:
Cleer
Partner and Chief Operating Officer
crystal@cleer.tax
Crystal Stranger started out as a software developer in the tech world of San Francisco, then ended up homeless in the dot com crash. She turned her life around as an investor gaining millions in real estate, then worked in finance and became an enrolled agent and a federally licensed for tax planning and representation. Crystal has worked in project management and product development across different industries, but continually comes back around to software. She has been writing about cryptocurrency tax and regulatory issues since 2014 and has built several companies from the ground up.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222
Cleer provides accurate, affordable, and efficient bookkeeping and tax services for US businesses and subsidiaries to help entrepreneurs do it right from the start. Cleer was launched to newly-formed businesses needing bootstrapped tax and bookkeeping to fit their budget and growth stage, and has grown over 5 years, 5 continents, and more than 3,000 Clients. Our tech-forward team is more streamlined with our paperless process to provide next-level results for your startup. Cleer also offers Delaware Franchise Tax Annual Reports, tax consultations, representation, R&D Tax Credits and other specialty consulting and compliance services, based on the unique needs of your business.