New Circular 230 — One Year Later
Lessons Learned and
Compliance Best Practices
A live 100-minute audio conference presented by CCH
Wednesday, June 28, 2006 - 2 p.m. Eastern 1 p.m. Central
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate !
How New Circular 230 Requirements and Other Recent IRS Actions Have Changed Tax Practice
Last year the Treasury Department drastically revised Circular 230, making huge changes in how tax professionals approached providing advice to their clients or the companies they work for. Since then more changes have been issued this year further revising Circular 230 and this year many practitioners were upset by the Sec. 7216 taxpayer information disclosure requirements. What has the new 230 requirements meant other than the long statements at the bottom of e-mails? What do these latest changes mean? How intrusive does the IRS intend to become in the practitioner-client relationship? And are you complying with the standards? Is your practice complying with the letter and spirit of Circular 230? Why is it important to do both? (If you can’t answer that, hope you never face a plaintiff’s attorney who can.) What enforcement action is the IRS taking now and what is coming down the road?
Now is the time to look at what your practice has done, review the basics of 230, look at the changes from February and to also take a look at Sec. 7216 and how your practice will need to adjust for that reality as well. CCH is offering a live audio seminar June 28 featuring attorney Michael Goller and CPA Harvey Coustan to help you move to the next phase of Circular 230 compliance. These two experts have spent a lot of time analyzing the progress of Circular 230, Sec. 7216 and the changes they have made on tax practice. They have observed how the IRS has reacted so far and can provide you with the necessary insight to help keep your practice in the safe zone as the IRS begins to enforce the new rules.
Presentation Objectives.
In the seminar, Mr. Goller and Mr. Coustan will:
- Provide in-depth discussion and analysis of how Circular 230 has changed the use of written advisory opinions
- Discuss what Sec. 7216 means to the practitioner
- Detail what enforcement actions the IRS is taking and what to expect next
- Outline how to distinguish between covered and non-covered opinions
- Point out the unanswered questions that remain a year after the changes became effective
- Discuss the impact Circular 230 has on advice relating to federal taxes other than income taxes
- Show how the "aspired to" standards of practice outlined by the IRS will become the minimum standard plaintiff attorneys will use in litigation against practitioners
- Point out the traps for the unwary
- Detail the ramifications of oral opinions, and
- Answer YOUR questions live.
About the Speakers:
MICHAEL G. GOLLER
- Mr. Goller is a shareholder in and head of the federal tax controversy practice for the law firm of Reinhart Boerner Van Deuren s.c.
- His clients range from large public corporations to mid sized, privately-held businesses and their owners.
- He works on behalf of his clients in disputes with the IRS, Department of Justice and various other taxing authorities.
- He represents his clients before the U.S. Tax Court, various Federal District courts, the U.S. Court of Federal Claims and the Seventh Circuit Court of Appeals.
- Michael is a faculty member at the University of Wisconsin Milwaukee's School of Business where he teaches Tax Practice and Procedure in the Graduate Tax Program.
HARVEY COUSTAN
- Is a retired Ernst and Young partner.
- During his career with Ernst & Young, he led the Washington National Tax Practice and held various other tax positions within the firm.
- He writes a column for the Illinois CPA Society and for the CCH Journal of Tax Practice and Procedure.
- He has chaired the AICPA and Illinois CPA Society Tax Executive Committees and served on both the AICPA and Illinois CPA Society Boards of Directors.
- He has also served on the Commissioner of Internal Revenue's Advisory Committee and served on the JJ Pickle House Ways and Means Committee Task Force on Civil Tax Penalties.
- He is presently a member of the National Conference of Lawyers and CPAs as well as the co-chair of the AICPA Tax Shelter Task Force.
How the Audio Seminar Works
CCH’s live audio conferences require nothing more than a telephone connection. For the $249 per site fee, you can have an unlimited number of listeners at your site participate, get up to speed and in-the-know on these hot new topics.
Earn CPE Credit
Special Bonus.
Along with detailed handout materials, each site registering will receive the following special bonuses:
Our Guarantee
If for any reason you are not completely satisfied with this program, we will provide a full refund - no questions asked!
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Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
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