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Webinar: Eggshell Tax Audits

“Eggshell” or sensitive tax audits generally involve items of income, expense, or deduction which a taxpayer voluntarily and intentionally misstated, omitted or misrepresented on 2 or more tax returns that, if discovered by an IRS agent, may result in a referral to IRS Criminal Investigation (CI). During FYE 2016, the IRS initiated 3,395 investigations, recommended 2,744 for prosecution and obtained 2,672 convictions resulting in 41 average months to serve in prison. Errors or mistakes made on tax returns may be caused by negligence or intentional disregard of rules and regulations. However, a pattern of errors or mistakes identified over 2 or more years may indicate firm indications of fraud resulting in a referral to IRS CI. This webinar will present and discuss factors that IRS agents consider in deciding whether to make a fraud referral and what practitioners need to know.

Course Objectives:

  • Differentiate between negligent errors and mistakes and intentional concealment or omission
  • Identify badges of fraud that may indicate a potential fraud referral to IRS CI
  • Identify steps practitioners and taxpayers should take during a sensitive tax audit

Learning Outcomes: Participants will be able to:

  • Recognize an error or mistake vs. intentional acts of concealment, misrepresentation or omission
  • Identify first indicators vs. firm indications of fraud
  • Understand when the client should consider obtaining counsel

1 CPE credit in Taxation

  • Dan Gibson, Partner, EisnerAmper LLP
  • Walter Pagano, Partner, EisnerAmper LLP
  • Kimberly Mumme, Senior Manager, EisnerAmper LLP

Thursday, September 28, 2017

12:00pm – 1:00pm EDT