CPAT Tax Returns and Disclosure on Form 8275

With the plethora of continuous new legislation and related unanswered questions coming at us like a pack of defensive linemen, this tax season is (or at least seems to be) out of control. Approaches by tax software companies are “all over the board” moving targets. Clients want their tax returns now. If IRS scrutinizes a return (years later), they’ll have the benefit of hindsight. Much of the law is messy, messy, messy, messy.

What is a tax preparer to do? One approach is to disclose uncertainties to IRS on tax returns now. Yes, that’s right. Kiss and tell. Tell the adversary what you’re up to. All for the sake of seeing you and your client through to a better day.

Want to learn the ropes as to how? Take our new 2 hour webinar and learn:

– How the accuracy and preparer penalties for all new legislation is a “tough go” early on

– When disclosure may help (and, when it may not)

– If disclose, specifically how? Is Form 8275 necessary, or does white paper cut it?

– But, doesn’t disclosure get you audited?

– What does age-old Form 8082 have to do with all of this anyway?

– May you attach 8275 to an income tax return? Of course. What about an employment tax return (e.g., re: employee retention credit)? The answer might surprise you

–   How to fill out an 8275 (and make satisfactory disclosure)

–   How to use an 8275 as tax position penalty insurance

How and when to disclose? Let us knock it down to size for you.

Presenter: Bradley Burnett

Bradley Burnett, J.D., LL.M., is a practicing Colorado tax attorney with 38 years of tax practice experience.  His practice emphasis is on tax planning and tax controversy resolution.  He also prepares a handful of tax returns.

Mr. Burnett has delivered more than 3,000 presentations on U.S. tax law throughout all fifty U.S. states, Washington, D.C., the Bahamas, Italy, Greece, Turkey, and Canada. He has authored texts of 35 CPE courses.  He has appeared on television answering tax questions for call-in viewers of Denver NBC affiliate KUSA Channel 9.  Brad received the Illinois Society of CPAs Instructor Excellence Award for teaching in Chicago and five times has been the top-rated, most requested instructor for CPA Society annual tax conferences.

Burnett’s seminar style is to deliver the subject matter in briskly paced, enthusiastic and witty fashion.  His forte’ is the candid communication of practical ideas relating to tax law.

Host: Rick Telberg

 

• Founder and CEO CPA Trendlines, Bay Street Group
• Accounting Today Top 100
• CPA Practice Advisor Top 25

Host: Sandi Leyva

 

• Founder and President Accountant’s Accelerator, Sandra L Leyva, Inc.
• CPA Practice Advisor Top 25
• Most Powerful Women in Accounting