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PAYROLL TAX TRAIN WRECK: RESOLVING YOUR CLIENT'S PAYROLL TAX NIGHTMARE!

CPE Processing FeeFREE
Webinar TranscriptionN/A
Presentation Length Hour(s)1.5 hours
CPE Credits 1.5 hours
Subject Area 1.5 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-00173-17-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateFebruary 7, 2018
Date OfferedFebruary 7, 2018
Expiration DateFebruary 7, 2019
Course Description

One of the most significant issues identified by the IRS, Department of Justice Tax Division and Treasury Inspector General for Tax Administration (TIGTA) is unpaid payroll taxes. In the last 5 years the IRS has become much more aggressive in its plan to close this area of the annual tax gap, including increased enforcement. The impact of the IRS's increased enforcement activities is to send more taxpayers scrambling for professional help in resolving their payroll tax problems. In addition, IRS Criminal Tax enforcement and prosecutions in the payroll tax area is up almost 3,000%!

Unpaid payroll tax liabilities in particular have become a huge issue for small businesses. The key success factor in assisting businesses and business owners with their payroll tax issues is understanding the rules of how the IRS Collection Division works, how IRC Section 6672 functions, and knowing where the opportunities are to resolve the matter. This course will also review the recent IRS program of contacting employers who fail to deposit payroll taxes, as well as the upsurge in criminal tax prosecutions and what business owners need to be thinking about.

This online CPE seminar with highly regarded tax controversy expert, Eric L. Green, J.D., LL.M. of Green & Sklarz, LLC in Connecticut and New York, will provide a practical review of payroll tax issues, IRS assessment and collection procedures, including recent changes rolled out by the IRS in 2012, third-party liability issues under IRC Section 6672 and IRC Section 3505, and strategies for business owners to minimize or avoid personal liability.

Program Topics

• The "Tax Gap"
• Assessment and Collection procedures against the business
• The IRC Section 6672 Trust Fund Recovery Penalty
• Third-Party Liability under IRC Section 3505
• The procedure for IRS assessment of and collection against responsible individuals
• Strategies for minimizing personal liability
• Options for resolving outstanding payroll tax liabilities

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Learning Objectives

  • Understand payroll taxes and the trust fund recovery penalty.

  • Identify steps to take and opportunities to help clients resolve their IRS payroll tax debt.

  • Understand what factors are considered by the IRS when deciding to forward a case for criminal tax prosecution.

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Handout Materials
Presentation Slides
Additional Materials
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TSheets Research
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Review Questions
Review Questions
QUESTION 1: 15 minutes
QUESTION 2: 32 minutes
QUESTION 3: 50 minutes
QUESTION 4: 1:03 minutes
QUESTION 5: 1:16 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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Greensklarz

Eric is a partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green’s practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service, and state Departments of Revenue Services. His practice also handles probate matters and estate planning for individuals and business owners and tax planning for closely-held businesses. He is a frequent lecturer on tax topics for CCH, the NAEA, the NATP, the ABA Tax Section, and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He is the author of The Accountant’s Guide to IRS Collection (available www.tgpublish.com), and he is a columnist for CCH’s Journal of Practice & Procedure. He is also the founder of The New England IRS Representation Conference. Mr. Green is a contributing author for Advocating for Low-Income Taxpayers: A Clinical Studies Casebook, 3rd Edition, and has also been quoted in The Wall Street Journal, USA Today, Consumer Reports, The Wall Street Journal’s Market Watch, TheStreet.com, and CreditCard.com. Before practicing law Attorney Green served as a senior tax consultant for KPMG and Deloitte & Touche. Attorney Green was the 2010 Nolan Fellow of the American Bar Association and has served as Chair of the American Bar Association’s Closely Held Businesses Tax Committee. Attorney Green is the current Chair of the Executive Committee of the Connecticut Bar Association’s Tax Section. Eric is a Fellow of the American College of Tax Counsel (“ACTC”) and a Connecticut, Massachusetts, New York, and American Bar Association member. He is admitted to practice in Massachusetts, New York, and Connecticut Superior Courts, as well as the United States Tax Court, the Federal Court of Claims, and the Federal District Court for Connecticut. Attorney Green received his Bachelor of Business Administration degree in Accounting with a minor in International Business from Hofstra University and is an honor graduate from New England School of Law. He earned a Masters of Laws in Taxation (LL.M.) from Boston University School of Law.


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TSheets is a time tracking application designed and engineered for companies across multiple industries that need to track, manage and report time. Utilizing web-based, cloud computing technology that integrates with multiple platforms, smartphones and software programs, TSheets provides a customizable alternative to paper timesheets and punch cards to streamline HR and IT roles for businesses of all sizes—from freelance shops to corporations employing tens of thousands.