How to Avoid Abusive Tax Shelters in Retirement Plans

Faculty: Lance Wallach

Production Date: May 16th 2012

• Course Information
• Lecturer Bios
• User Reviews

Course Preview

Credits:

General:

CPE - 1.00

EA - 1.00

NJ - 1.00

NY - 1.00

RT - 1.00

Knowledge Level:

Basic

Description:

In this program, Lance Wallach, the National Society of Accountants Speaker of the Year, explains from his bestselling AICPA book how lawsuits against CPAs, CFPs, and Insurance agents who sign tax returns are considered abusive by the IRS. Mr. Wallach explains how many CPAs are shocked when their clients get audited even though they are enrolled in insurance based retirement welfare benefits or similar plans. Further, Mr. Wallach discusses how lawsuits are increasing against insurance agents, Certified Financial Planners, and Accountants who sign tax returns that contain what the IRS considers abusive, listed, or reportable items.
Agenda:
I.                Introduction
II.               What is an Abusive Tax Return
III.              Avoiding the Audit Process
IV.              Attorneys Involvement
V.               Conclusion