STEVEN TOSCHER, MICHEL STEIN and CORY STIGILE to Speak on Handling LBI Wealth Squad Examinations and Related IRS Enforcement Issues for High Net Worth Individuals
We are pleased to announce that Steven Toscher, Michel Stein and Cory Stigile will be speaking at the upcoming CPA Academy webinar on Handling LBI Wealth Squad Examinations and Related IRS Enforcement Issues for High Net Worth individuals Thursday, September 29, 2020, 9:00 a.m. – 10:30 a.m. (PST).
The Global High Wealth Group is an industry group created by the IRS LB&I in 2009. The purpose of the Global High Wealth Group (also known as the “Wealth Squad”) is to bring together an IRS team of specialist to coordinate the compliance, review, and, if necessary, conduct detailed examinations of complex returns of high wealth individuals and their related entities. The Global High Wealth Group conducts tax compliance reviews of high net worth individuals and the network of enterprises and entities they control. The IRS is poised to start the examination of several hundred high net worth taxpayers this year. Each of the cases assigned within the IRS Large Business & International (LB&I) Division will typically involve a pass-through business as the related entity. A high-income individual’s enterprise could involve trusts in the Small Business/Self-Employed (SB/SE) Division, tiered partnerships under LB&I’s jurisdiction, and retirement plans that the Tax Exempt and Government Entities (TE/GE) Division examines. These examinations may also involve private foundations related to the taxpayer.
Please join us.
For full programming details Click Here.