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PREPARER PENALTIES AND FIN 48 ANALYSIS:
Evaluating and Weighing Tax Authorities
A Live Two-Hour Audio Seminar from CCH
Thursday, March 18, 2010 - 1 PM Eastern; Noon Central; 11 AM Mountain; 10 AM Pacific
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
Invite Colleagues, Customers, Prospects and Business Referral Sources to Join You!
Learn How to Evaluate and Weigh Tax Authority for Purposes of the Preparer Penalty, the Taxpayer Accuracy-Related Penalty, and FIN 48 Recognition Determinations
The tax return Preparer Penalty, the Taxpayer Accuracy-Related Penalty, and the FIN 48 (Accounting Standards Codification subtopic 740-10, Income Taxes — FASB ASC 740-10) Recognition standard each require the tax professional to evaluate and weigh “tax authority” to arrive at various “confidence thresholds” in order to avoid imposition of penalties or in the case of FIN 48 to “recognize” a tax benefit or evaluate if a reserve for tax penalties must be made. Different confidence thresholds may apply for tax preparer and taxpayer penalty determination depending on disclosure and whether or not the tax position under evaluation may be a tax shelter.
In addition, Circular 230 governing CPAs, enrolled agents and attorneys that practice before the IRS mandates compliance with these rules and so do the AICPA Statements on Standards for Tax Services (“SSTSs”) that virtually all State Boards of Accountancy have adopted as enforceable standards.
Presented by highly regarded practitioner, Kip Dellinger, CPA, this helpful session will examine what constitutes “authority” and evaluating the relative weight of authority for purposes of FIN 48 recognition and for avoiding taxpayer or preparer penalties in compliance with the required confidence thresholds. Mr. Dellinger will also discuss the opportunity to avoid penalties by disclosures where the confidence threshold for non-disclosed tax return positions are not met.
Professionals in public practice and in industry will benefit from this insightful and needed seminar. The presentation time will include opportunities for you to ask questions directly to Mr. Dellinger via phone or e-mail.
Program Topics
Among the areas that Kip Dellinger will address are:
- Tax Positions and Items on a Tax Return
- The Preparer Penalty and the Accuracy-Related Penalty
- Tax Shelters
- Special Issues: Transfer Pricing and Valuation Matters and the Accuracy Related Penalty
- The Confidence Thresholds
- Authorities
- Establishing the Facts
- Identifying and Evaluating the Authorities
- Developing and Forming Conclusions
Learning Objectives
- Know what a tax position is and how to identify, evaluate and weigh authority to support a tax position
- Understand what the relevant tax return preparer and accuracy related penalties are
- Discuss opportunities and best practices to avoid penalties
SPECIAL GIFT!
Register today for this insightful program on Thursday, March 18 at 1 PM Eastern, Noon Central; 11 AM Mountain; 10 AM Pacific.
About the Speaker:
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ARTHUR J. (KIP) DELLINGER, JR., CPA
Kip Dellinger is Managing Director of Dellinger & Associates, a division of Kallman and Co. LLP, CPAs, in Los Angeles. Kip is the Immediate Past-Chair of the AICPA Tax Division’s Tax Practice Responsibilities Committee and Immediate Past-Chair of the California CPA Society’s Los Angeles Committee on Taxation.
Kip has extensive experience involving sophisticated income tax planning and handling of tax controversy matters for high-income individuals, family-owned and closely-held businesses, fiduciaries and estates. His industry experience includes manufacturing, entertainment, and real estate developers and investors.
Kip is the author of the online resource, Federal Tax Practice Standards, for CCH’s Tax Practice & Procedure Library. He is also the author of several books, including the CCH publications—Practical Guide to Federal Tax Practice Standards, Offer in Compromise Process: Insights and Strategies, and Innocent Spouse Relief: Insights and Strategies, and the author of the Entertainment Industry Creative Persons Tax Review for CCH’s Client Relate/Pfx software product. Kip has written more than two dozen articles relating to substantive tax procedure, tax administrative policy matters, and FIN 48 analysis and implementation for leading national tax and legal publications, and he is a regular speaker at numerous national and state conferences, institutes and other professional meetings. |
How the Audio Seminar Works
CCH’s live audio seminars require nothing more than a telephone connection. For the single per-site fee, you can have an unlimited number of listeners at your site participate, get up to speed and in-the-know on important topics, and get special bonus publications included with the seminar. Handout materials are provided in PDF format that you can download and copy for all those who will participate in the seminar at your location.
Practice Development Tip! Invite colleagues, business referral sources, clients and prospects to your office to listen in and participate on this seminar with you. They’ll appreciate your invitation to hear directly about this important topic.
Visit CCHGroup.com/AudioSeminars for more audio seminar topics, dates and times!
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Earn CPE Credit
- Two hours of CPE credit. One free CPE certificate for one person is provided with each site registration. CPE certificates are available for $25 each for each additional person wishing to receive CPE credit for their participation.
- Course Level: Intermediate
- NASBA Field of Study: Taxes
- Prerequisites: Basic knowledge of federal income taxation and tax research methodology
- Learn More About CCH’s NASBA Registration
Special Gift
Each registered site will also get a free issue of CCH’s Journal of Tax Practice and Procedure .
Order CD Recordings of CCH Audio Seminars
If you are unable to attend this upcoming event and would like to order a recording-or if you would like to order recordings of past CCH Audio Seminars, please visit the CCH Audio Seminar Archive Library today.
Pricing:
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Site License: $249 — Registration includes one telephone connection at one location, one master set of handouts (with permission to make additional copies for the participants at your location), an unlimited number of people in one listening room can participate, and one seminar bonus publication per registered site. Each Site License registration includes one free CPE certificate for one person at your site. Additional CPE certificates are available for $25 each for each additional person wishing to receive CPE credit for their participation.
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CD Recording: $249 — The CD includes an audio recording of the event and handout materials in PDF format. Includes copy of seminar bonus publication with purchase. Available one week after the live audio seminar event. (Note: CPE credit is not available for the CD version of the presentation.)
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Site License and CD Recording Package: $349 — This specially-priced package provides you with the Site License access to the live audio seminar event AND the CD Recording.
Our Guarantee
If for any reason you are not completely satisfied with this program, we will provide a full refund - no questions asked!
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
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