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Self-Study CPE
2019 TAX FILING SEASON UPDATE
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DEATH AND TAXES: ESTATE PLANNING FUNDAMENTALS FOR ACCOUNTANTS
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TAX REFORM: STRATEGIES FOR YOUR INDIVIDUAL AND SMALL BUSINESS CLIENTS
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EFFECTIVE REPRESENTATION TO ADDRESS ENFORCED COLLECTION ACTIVITY FROM THE IRS
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TAX TREATMENT OF INDIVIDUAL RETIREMENT ARRANGEMENTS
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TAX TREATMENT OF SICKNESS & INJURY PLANS
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HOME OFFICE DEDUCTION
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EARNED INCOME TAX CREDIT
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EDUCATION TAX BENEFITS
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TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
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REASONABLE COMPENSATION FOR SHAREHOLDER-EMPLOYEES OF S-CORPS
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AFFORDABLE CARE ACT: INDIVIDUAL RIGHTS & RESPONSIBILITIES
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ESOPS 101: A DETAILED INTRODUCTION OF EMPLOYEE STOCK OWNERSHIP PLANS
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1099 HEADACHES
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INDEPENDENT CONTRACTOR DILEMMA: 1099 VERSUS W-2
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EARNED INCOME TAX CREDIT DUE DILIGENCE
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TAX TREATMENT OF LIFE INSURANCE PROCEEDS
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AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
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PUERTO RICO ACT 20/ACT 22 – THE UNBELIEVABLE NEW TAX STRATEGY
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INTRODUCTION TO INTUIT PROSERIES: TAX SOFTWARE DEMONSTRATION
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TAXES IN EMONEY: FINANCIAL PLANNING AFTER THE TAX CUTS AND JOBS ACT
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IRS FORM 1099 REPORTING: REPORTING REQUIREMENTS
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TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
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§199A FINAL REGULATIONS FINALLY DROP: CHOICES, CHOICES – WHICH WAY TO GO?
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FORM 1041: UNIQUE ASPECTS TO TAX ACCOUNTING FOR TRUSTS AND ESTATES
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THE IMPACT OF THE TAX CUTS & JOBS ACT ON LIFE INSURANCE
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TAX REFORM AND PASS THROUGH ENTITIES §199A: PLANNING FOR PROFESSIONAL PRACTICE
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WHAT CPAS AND FINANCIAL PLANNERS SHOULD KNOW ABOUT TRUSTS AND ESTATES
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§199A SMALL BUSINESS DEDUCTION OVERVIEW: STATUTORY FRAMEWORK & PLANNING STRATEGY
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THE SECTION 199A PASS-THROUGH DEDUCTION
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INTRODUCTION TO PROCONNECT TAX ONLINE: LIVE DEMO
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MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED
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TAX REFORM: OVERVIEW
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TAXATION OF IRAs AT DEATH
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Self study cpe
The Future of IRS Voluntary Disclosures in a Post-OVDP World

THE FUTURE OF IRS VOLUNTARY DISCLOSURES IN A POST-OVDP WORLD

CPE Processing Fee$15.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.5 hours
CPE1.5
1 hour for EAs (Federal Tax Update)
Course Id# - HURS9-U-00362-18-S
Subject AreaTaxes
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateFeb 11, 2019
Date OfferedFeb 12, 2019
Course Description

On September 28, 2018, the Internal Revenue Service closed its long-running and hugely successful Offshore Voluntary Disclosure Program. Initially unveiled in March 2009, the OVDP proved to be the most successful tax amnesty program in IRS history, with over 55,000 taxpayers disclosing offshore assets and paying over $11 billion in back taxes, interest, and penalties.

Despite the closure of OVDP, the IRS and the Justice Department continue their unprecedented criminal and civil enforcement campaign against non-compliant taxpayers.

Voluntary disclosure options remain available to taxpayers, such as the Streamlined Filing Compliance Procedures and traditional voluntary disclosure practice, among others. This webinar will review all of the options available to non-compliant taxpayers and discuss the benefits and risks of various courses of action in the post-OVDP world.

Learning Objectives

  • Identify tax rules and disclosure options that apply to taxpayers who are not compliant with their tax reporting obligations, including those with undisclosed offshore financial assets.

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Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 00:12:00 minutes
QUESTION 2: 00:27:00 minutes
QUESTION 3: 00:45:00 minutes
QUESTION 4: 01:12:00 minutes
QUESTION 5: 01:31:00 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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Matt is a former U.S. Department of Justice trial attorney who focuses his practice in the areas of white-collar criminal defense and investigations, federal tax controversies, financial institution regulatory compliance and complex civil litigation. Matt maintains an extensive federal tax controversy practice in which he represents taxpayers in all stages of proceedings before the Internal Revenue Service, including examinations, appeals and collection proceedings. He regularly litigates cases in the United States Tax Court and other federal courts. He also represents clients in connection with highly sensitive so-called “eggshell” audits where indications of fraud may be present. In addition, Matt represents companies and corporate officers in connection with employment tax issues, including proceedings in which the IRS seeks to impose the Trust Fund Recovery Penalty on responsible corporate officers.

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Jeffrey M. Rosenfeld

Blank Rome LLP
Associate Tax Attorney
rosenfeld@blankrome.com
(215) 569-5752

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Jeffrey Rosenfeld concentrates his practice in the area of business tax law. He counsels public and private corporations, partnerships, and individuals in a broad array of tax matters including:

  • domestic and international tax matters
  • state and local tax planning
  • tax-efficient structuring of domestic and international mergers, acquisitions, divestitures, reorganizations, spin-offs, redemptions, and liquidations
  • formation, operation, and acquisition of Subchapter S Corporations, partnerships, and limited liability companies
  • federal, state, and local criminal and civil tax controversies, including audits, administrative appeals, and litigation
  • issuances of equity-based compensation
Jeffrey counsels corporate clients and individuals regarding undeclared foreign bank accounts, including “FBAR” reporting obligations, and has represented numerous clients in the Internal Revenue Service’s Offshore Voluntary Disclosure Program.
Jeffrey also has digital currencies industry experience, including:
  • Formation of entities to be engaged in the digital currencies space
  • Negotiation, drafting and documentation of governing documents (such as limited liability company agreement) for entities engaged in the digital currencies space
  • Compensation and other issues concerning the issuance of digital currencies or the grant of digital currencies to service providers
  • Federal income tax consequences associated with the purchase, sale or exchange of digital currencies

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About Our Presenter

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Fox Rothschild LLP was founded in Philadelphia in 1907, and today the Philadelphia office continues as a cornerstone of the firm's strength. With more than 100 lawyers, the office has well-established practices in corporate law, financial services, labor and employment, litigation, real estate and taxation and wealth planning.

Fox Rothschild, which was named Pennsylvania's "Litigation Department of Year" for 2017 by The Legal Intelligencer, is one of the most well-respected firms in Philadelphia and serves business and civic leaders across the region.