Common Mistakes Attorneys Make with Tax Shelters, Life Insurance, Tax Audits and Lawsuits

17 Apr , 2024

To register for the upcoming live webinar, please Click Here

This course will benefit attorneys who assist clients with subjects they're not entirely knowledgeable about, which can potentially result in dissatisfied clients, lawsuits and/or IRS fines. Recently, the IRS issued confusing and little noticed regulations impacting advisors, including attorneys. If an attorney assists a client who is involved in what the IRS calls an abusive tax shelter, listed transaction or similar to, and gets paid, the attorney could be subject to IRS reporting requirements. Additionally, the attorney could be deemed a material advisor, which could result in large fines and penalties. This presentation will also discuss risks that life insurance licensed attorneys face.

Learning Objectives:

• Discuss common abusive tax shelters

• Discuss how an attorney could be deemed a material advisor and therefore be subject to IRS reporting requirements

• Explain captive insurance, conservation easements, Employee Retention Credits (ERC) and Foreign Bank Account Report (FBAR)

• Explore life insurance pitfalls

 

To register for the upcoming live webinar, please Click Here

More Webcasts

Conducting an Intern...

Conducting an internal investigation that is incisive, effective and legally compliant is tough enou...

The Perfectionism Pa...

Perfectionism is often rewarded in the legal profession. It drives attention to detail, thorough pre...

Preventing Death by ...

Lawyers lose hundreds of billable and operational hours every year to poorly managed meetings. Unfoc...

What Helps Until it ...

The practice of law places legal professionals under extraordinary and often chronic stress, making ...

Arbitration or Trial...

This program examines the scope, jurisdiction, and exceptions to the Federal Arbitration Act (FAA), ...

Defense Strategies f...

Class action waivers in arbitration agreements remain enforceable, but a decade of U.S. Supreme Cour...

Correcting Military ...

Incorrect military records prevent active duty and reserve Soldiers, Airmen, Guardians, Marines, Sai...

POLAROID at 65 - Lik...

This program examines the legal standards and factors courts throughout the United States apply when...

NDAs: Beware the Rou...

Confidentiality Agreements (also called NDAs) are too often treated as routine.  So routine, th...

Exit on Your Terms: ...

Turn decades of client relationships into lasting equity. This practical CLE shows attorneys how to ...