Lance's firm receives hundreds of calls annually from CPAs who are being sued by their clients and/or fined by the IRS for signing tax returns, which include listed transactions. They can be as innocuous as their retirement plan or owning cyber currency and as complicated as participating in captive insurance, conservation easements, section 79, 419, or other potentially listed transactions. There are easy ways that accountants can avoid these disastrous situations. Most CPAs don't think this can ever happen to them, yet thousands of them become involved merely by signing a return. 

Learning Objectives:

• Identify how to recognize abusive tax shelters


• Identify how to help clients without breaking the law


• Identify how accountants can avoid being sued or fined by the IRS