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
The United States Constitution is one of the most influential legal documents in history, establishi...
This program provides trial attorneys with a thorough grounding in the three principal currency repo...
Confidentiality Agreements (also called NDAs) are too often treated as routine. So routine, th...
Conducting an internal investigation that is incisive, effective and legally compliant is tough enou...
The legal industry is in the middle of the largest generational transfer of law firm ownership in it...
Most lawyers are aware of the high-profile cases in which attorneys were sanctioned or otherwise dis...
I was wrongfully separated from the military and I will get no military pay and disability retiremen...
As the largest purchaser of goods and services in the world, the United States Government requires f...
You’ve arranged to speak with a reporter. Do you know how to deliver insights that are memorab...
This program examines the scope, jurisdiction, and exceptions to the Federal Arbitration Act (FAA), ...