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

Preventing Death by ...

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

New York City’s Pi...

New York City’s new Non-Primary Residence Property Surcharge—commonly known as the pied-...

Year in Review – K...

2026 was a very important year when it comes to federal procurement developments, Artificial Intelli...

Federal Contractor B...

As the largest purchaser of goods and services in the world, the United States Government requires f...

NDAs: Beware the Rou...

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

Currency Reporting i...

This program provides trial attorneys with a thorough grounding in the three principal currency repo...

Corporate Counsel’...

Class action litigation continues to expand in both number of filings and monetary exposure, with se...

The Perfectionism Pa...

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

Using Your 'Why' To ...

This course is meant for lawyers of all levels and areas of practice, and in it, we will explore way...

Defense Strategies f...

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