CPA - medium firm
CPA - large firm
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During 2017, the IRS assessed more than 39 million civil penalties totaling $26.5 billion. Many tax practitioners are familiar with the 20% negligence and substantial understatement of income tax accuracy-related penalties, but few tax practitioners have encountered the increasingly common situations where accuracy-related penalties are imposed at a rate of 30% or 40%.
This webinar will cover penalties commonly imposed at rates above 20%, including penalties for undisclosed foreign financial asset understatements, gross valuation misstatements, and reportable transaction understatements. This webinar is a must-attend for all practitioners.
STEPHEN JORDAN (STEPHEN B JORDAN EA)
"thank you for explaining an intricate part of the tax code. particularly §6751(b)(1) and related Graev and Chai cases. very enlightening poll questions. The latest decision in Graev v. Commissioner, 149 T.C. No. 23 (2017)(Graev III) reverses the decision made just last year, adopts the intervening opinion of the Second Circuit in Chai v. Commissioner, 851 F.3d 190 (2nd Cir. 2017) and holds Tax Court does not have jurisdiction to review whether the IRS obtained the appropriate signatures prior to the imposition of the penalty."
Lloyd Doletski (Self Employed)
"The speaker spoke in a fluent manner. The information was presented at a reasonable pace. I had no questions on the information presented. The displays were easy to read, very informative and answered any questions, which came to mind . The speaker was skilled in utilizing the displays in presenting the information of the webinar."
Thomas Padgett (Perthro Enterprises LLC)
"Mr. Sannicandro is blessed with the remarkable gift of presenting complex material in an easy to understand manner. If he would ever take a pay cut and begin a new career as a law professor (extremely doubtful...HA!), I would enroll just to hear his lectures."
ALETHEA SIMMONS-WRIGHT (ALL YEAR TAX & BOOKKEEPING)
"This was an incredible webinar as unfortunately we see these penalty letters very often in our office from the clients and Mr. Sannicandro was clear in delivering this information. Thank you very much CPAacademy and all their presenters for these webinars."
Ronald C Voss (Voss Financial Services)
"CPA Academy is a CPA's best friend. Always quality programs and timely topics. You just cant beat free CPE. EASY to do at one hour at a time.. Cant say enough about the Academy. Thank you."
Monique Nicole Desir, EA (M N Tax Resolution Svcs)
"Fantastic webinar with Great content presented by an excellent instructor. I learned something I will share with others. Thank you Lawrence for sharing your expertise."
Douglas Washburn (Dougs Tax Service)
"This class very good. Information was good but scary to think about every penalty we have to face. IRS making it our job as tax prepares to audit people."
Gregory Stark (Pace Industries)
"Very knowledgeable presenter. The reason I said the allotted time wasn't enough because the content was complex and could deserve more in-depth detail."
Lawrence A. Sannicandro, Esq., LL.M., J.D., MBA
McCarter & English, LLP
Attorney
lsannicandro@mccarter.com
9736392081
Lawrence (“Larry”) Sannicandro is an associate in the Tax, Employee Benefits & Private Clients Practice Group who concentrates his practice on tax controversy and tax planning matters. He represents businesses, estates, trusts, and individuals at all stages of tax controversies, including in audits, before the IRS Office of Appeals, and in litigation before the United States Tax Court, the U.S. Court of Federal Claims, the U.S. District Courts, and the U.S. Courts of Appeals.
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