IRS CIVIL FRAUD PENALTIES: NAVIGATING AN AUDIT WHEN FRAUD IS INVOLVED

Understanding when your client is at risk for civil or criminal fraud and how to best represent your client

Fraud may be underreporting income, excessive business deductions, concealing assets – both domestic and international assets, structuring, misclassification of employees, failure to file correct 941s or Trust Fund issues. Our expert speaker will discuss the implications of the civil fraud penalty which may be as high as 75% of the tax understatement. This webinar will provide an overview of both civil and criminal tax fraud. You will learn how to represent your client during audits where fraud is present, in an effort to keep the audit civil without referral to the Department of Justice for indictment. As part of this discussion, we will provide you with the solutions necessary to try and negotiate the lowest possible penalty.

Webinar Objectives

This webinar will provide you with the tools necessary to best represent taxpayers who are under audit and have committed fraud. You will understand the terminology in these fraud audits and understand the various options and paths forward for your client.

Webinar Highlights

• The difference between civil fraud and criminal charges.
• The process the IRS uses to determine whether to keep a case civil or criminal.
• The various methods to try and negotiate that the case remain civil, and not criminal.
• The applicable penalties in civil tax fraud cases.
• How to negotiate the reduction of the civil tax fraud penalty.

Who Should Attend

Accountants, tax preparers, CFOs, financial compliance professionals, and lawyers