To Verify or Let It Fly: What to Do About Questionable Tax Return Information
2.00 Credits
Member Price $79
Non-Member Price $109
Overview
Tax return preparation and consulting always involves the accountant's review of – and reliance on – information provided by the client. Not everything can, or need be, verified. This workshop considers the duty of CPA tax return preparers to make further inquiries, from the perspective of Circular 230, preparer penalties and professional ethics.
Highlights
- Clear Reflection of Income: Really?
- The Verification Drill
- Tax Ethics and the Conceptual Framework
- The Tax Uncertainties Dance (Tax and Financial Reporting)
- Cases and Controversies
- Blanco v. United States
- U.S. v. Fairchild
- Conclusion
Prerequisites
None
Designed For
Accountants who prepare income tax returns or offer tax consulting
Objectives
- Differentiate between the theoretical accounting concepts and objectives of financial accounting from those of tax accounting.
- Review the verification requirements imposed by statute, by the IRS and by the accounting profession for purposes of accounting and professional ethics.
- Compare accounting for tax uncertainties in financial and tax accounting.
- Critique the verification procedures and protocols utilized in real world cases (Case Studies)
Preparation
None
Leader(s):
Leader Bios
Albert Spalding, ACPEN Business Professionals Network
Dr. Albert Spalding is on the accounting faculty of the Mike Ilitch School of Business, where he teaches in the Master of Science in Accounting and MBA programs. Bert Spalding in an attorney-CPA and holds graduate degrees in business, law, psychology, philosophy and theology. He also holds the CFF (Certified in Financial Forensics) credential from the AICPA. His seminars and webinars are known for their emphasis on real world cases involving accountants who are faced with ethical and technical conflicts and dilemmas. Professor Spalding has authored several books and dozens of articles on ethics as well as on tax, forensic, fiduciary and financial accounting topics.
Non-Member Price $109
Member Price $79