Avoiding Tax Malpractice: Overview 2024
4.00 Credits
Member Price $159
Non-Member Price $209
Overview
This course explores issues related to allegations of malpractice committed by tax professionals and reviews risk management techniques. Inherent in the services of a tax professional is the risk that a client may assert practitioner malpractice. Clients may also accuse an adviser of being unethical or incompetent. Explore why clients make such claims and learn techniques and procedures to minimize the risk. Review practical client communication skills and tools to protect yourself from malpractice exposure.
Highlights
- Technical definitions of tax malpractice
- Risk management techniques: quality control procedures and maintaining professional competence
- Aggressive tax strategies
- "War stories" dealing with tax-related claims against CPAs
- Insurance carrier experiences
- Substantive tax areas: tax-deferred exchanges, built-in gains, alternative minimum tax and overlooked tax elections
Prerequisites
None
Designed For
CPAs, practitioners and attorneys.
Objectives
- Identify topics related to allegations of malpractice committed by tax professionals
- Determine how to recognize high-risk engagements
- Recognize relevant ethical considerations
- Identify tools for insulating yourself from malpractice exposure
- Determine appropriate loss prevention procedures
- Determine effective communication with clients regarding objectives and expectations
Preparation
None
Leader(s):
Leader Bios
Arthur Dellinger, CalCPA Education Foundation
Arthur J. (Kip) Dellinger, Jr., CPA, provides services as an expert in the areas of CPA tax practice regulatory discipline and malpractice matters. This includes his engagement by Big 4 CPA firms as an expert pertaining to conduct matters and substantive technical issues in several tax shelter malpractice cases. Mr. Dellinger also represents clients in tax controversy matters and provides services to tax counsel in criminal and civil tax proceedings. He has written over three-dozen articles and is a nationally recognized speaker in the areas of tax standards, tax procedure and substantive estate tax matters. He is also a Policy Perspectives columnist for Tax Notes magazine. Mr. Dellinger is a past-Chair of the AICPA Tax Division’s Tax Practice Responsibilities Committee and is the author of the Practical Guide to Federal Tax Practice Standards (CCH, 2007). He developed and teaches full day courses on Tax Practice Standards, Conduct and Quality Control for California CPAs, FIN 48: Uncertain Tax Positions and Quality Control in a Tax Practice for the Education Foundation of the California Society of CPAs. Mr. Dellinger has spoken before the U.S.C. Law School Institute on Federal Taxation, the AICPA National Tax Conference, the UCLA Tax Controversy Institute, the Illinois Society of CPAs, the Florida Institute of CPAs, the Tennessee Society of CPAs and the California Tax Bar. He is also frequent speaker before other CPA and tax attorney conferences, meetings and discussion groups.
Non-Member Price $209
Member Price $159