CPAacademy.org | WILLFULNESS: WHAT IT IS AND WHAT IT COSTS

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PAYROLL ISSUES INCLUDING A SNEAK PEEK AT W-2s VERSUS 1099
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WILLFULNESS: WHAT IT IS AND WHAT IT COSTS

Cost Free

CPE Credits 1.0 hour

Subject Area 1.0 - Taxes

CE Credits 0.0 hours

Course Level Basic

Instructional Method Group Internet Based

Prerequisites None

Advanced Preparation None

Who Should Attend CPA - small firm
CPA - medium firm
CPA - large firm
Other

Series: Taxes, Women in Accounting

Course Description

When a U.S. taxpayer fails to file the FBAR or another informational report, the consequences can be severe, depending in part on the taxpayer’s intent. For example, if the IRS makes a finding of willfulness, the civil penalties can be half of the unreported assets. In this webinar, we will review the different standards of willfulness and nonwillfulness, and we will discuss recent cases involving U.S. taxpayers who failed to disclose their foreign assets.

Ruth Mattson

VACOVEC, MAYOTTE & SINGER, LLP
Principal
rmattson@vacovec.com
(617) 831-2456

Ruth helps clients implement comprehensive plans that meet their personal, family, and professional goals. As part of her estate planning practice, Ruth focuses on international planning, including planning for overseas assets, forming offshore asset protection trusts, planning for a spouse who is not a U.S. citizen, and helping U.S. beneficiaries plan to receive gifts and inheritances from abroad. For clients with unreported foreign assets, Ruth coordinates with accountants to help bring the clients into compliance with their FBAR and other reporting requirements. Additionally, Ruth advises trustees and Personal Representatives with the administration of trusts and estates, including local and multinational trusts and estates.

Additional Materials

Webinar Technical FAQs

Frequently Asked Questions

To receive CPE credit, you must register for the webinar before it starts.
CPE is available to all eligible participants within 24 hours of each webinar.
To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.

Handout Materials

Presentation Slides

NASBA Approved

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.

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About Our Presenter

Estate planning is a serious matter encompassing many areas that affect our lives and the lives of the generations that follow. To ensure that your estate plan accomplishes your goals, both now and in the future, it is critical that you choose a law firm with experience in the practice of trusts and estates law, a thorough knowledge of all aspects of estate planning, a strong reputation, and the longevity to be there for not only you but also the next generation. These attributes come from years of solid practice in the trusts and estates field, a commitment to education, and strong relationships with clients. Our firm was established in Boston over thirty years ago. Since that time, Bove & Langa has earned a reputation as one of the most respected trusts and estates law firms in the Northeast, with both national and international recognition. At Bove & Langa, we pride ourselves on being an active, successful practice centered on domestic and international estate planning, asset protection planning, trust and estate administration, probate, and the preparation of estate and gift tax returns.