When Accountants Go Rogue: Righting a Raft of Rascally Returns
In this case study-based webinar, you'll follow along as an enrolled agent works to resolve an extremely complicated prior year tax situation for a new client. What started as a simple question of taking on a new client quickly spiraled into a multi-year mess of errors, omissions, and questionable decisions made by the client's previous preparer.
From improperly reported partnership income to phantom rental deductions and a shocking disregarded home office, find out how the preparer dropped the ball year after year. Learn the steps our EA takes to fully untangle the gordian knot of prior returns and get the client back on the right track going forward.
You'll gain insights into:
Evaluating the full scope of prior year issues
Determining the critical errors that require resolution.
Weighing amendment options based on the client's individual circumstances.
Navigating resolution paths like installment agreements and offers in compromise.
Setting the client up for ongoing compliance and protection from future audit risk
Through in-depth discussion of this real-world case, you'll walk away with practical knowledge on responsibly handling complicated prior year messes. Apply what you learn to better serve your own clients in similar tax turmoil situations.
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*Self-Study recording not available for NASBA CPE credit.
Catherine White
,
EA
Catherine G. White is a Massachusetts native whose father was a tax accountant. She does not remember not knowing how to keep a double-entry ledger. Her first paid job was swapping out the CCH Master Tax Guide update pages for her father’s company. The practical experience from home allowed her to put herself through college working as a bookkeeper in a plethora of industries, from TV to medical services to construction to retail and more. She is a graduate of the Massachusetts Institute of Technology. After a number of years as an engineer, she went back to keeping books and has had her own accounting and tax business since 1997. In 2003 she took the then 4-part Special Enrollment Exam and passed all sections that year. Her experience has led colleagues from several states to consult with her regularly on challenging tax issues including multi-year situations. She taught for the Massachusetts Society of Enrolled Agents over a number of years, both at monthly meetings and at their two-day annual update courses in January of each year, as well as for other groups. Her goal is to help fellow tax professionals acquire the tools and approaches to tackle the real-life problems that walk through our office doors and can leave us flummoxed, flustered, and floundering.
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