DENNIS PEREZ, SANDRA BROWN and CORY STIGILE to Speak at Upcoming Webinar on High-Income Non-Filers: Handling IRS Examinations, Voluntary Disclosure Program, Criminal Investigations
We are pleased to announce that Dennis Perez, Sandra Brown and Cory Stigile will be speaking at the upcoming Strafford webinar, “High-Income Non-Filers: Handling IRS Examinations, Voluntary Disclosure Program, Criminal Investigations” on Wednesday, June 2, 2021, 10:00 a.m. – 11:30 a.m. (PST), 1:00 p.m. – 2:30 p.m. (EST).
This webinar will discuss the IRS’ recent campaign to bring high-income non-filers into compliance. Our panel of income tax experts will cover bringing these taxpayers into compliance, minimizing penalties and consequences of noncompliance, and handling the complexities of these IRS examinations.
The IRS issued IR 2020-34 on Feb. 18, 2020, announcing its intent to visit non-filers to bring these taxpayers into compliance. The agency uses data-analytics, whistleblower reports, and even tips from neighbors to track down high-income non-filers.
For these taxpayers, those making more than $100,000 and not filing, failure to respond to initial requests can have major repercussions. These can include referral for criminal investigation, prison time, and of course, substantial penalties. The IRS offers a Voluntary Disclosure Program for domestic taxpayers. Taxpayers willing to admit that they “willfully failed to comply” with tax filing obligations may be able to resolve their noncompliance and minimize repercussions. Advisers working with high-income non-filers need to understand when to consider this alternative.
The examination process is detailed and lengthy. Communicating with the IRS, the information document request, mediation, appeals, and, when warranted, litigation are a few of the examination process stages. Tax advisers handling IRS audits must understand the process and how to best represent the taxpayer.
Listen as our panel of IRS examination experts explains how the IRS identifies high-income non-filers, the IRS Voluntary Disclosure Program and when it can be a sensible solution, and tips for handling the IRS audit from start to finish.
We are also pleased to announce that we will be able to offer a limited number of complimentary and reduced cost tickets for this program on a first come first serve basis. If you are interested in attending, please contact Sharon Tanaka at firstname.lastname@example.org.
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Please join us.