9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
The complexity of our tax laws and various transactions necessitates a great deal of questions practitioners need to ask of clients and documents to review. To avoid client and preparer penalties, due diligence is crucial.
This webinar reviews due diligence questions and actions relevant to individual and small business clients to support proper federal, state and local tax compliance. The special due diligence requirements of IRC Section 6695(g) are also covered.
Who Should Attend
Practitioners seeking a review and list of tax due diligence reminders for working with individual clients.
The meaning of due diligence
Penalties and rules of conduct supporting the need for due diligence
Various due diligence reminders stemming from Internal Revenue Code provisions, court cases and select transactions and activities of individuals
Identify due diligence reminders relevant to federal, state and local tax compliance for individuals
Recognize tax rules that mandate due diligence by practitioners