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Internal Revenue Service Tax Symposium - December 2, 2004

Program

(updated 11/09/04)

8:00 Registration and Breakfast
8:15

Welcome Address and Opening Remarks

8:30 Exam Updates
    Penalty Assessments
    Presenters Course Description
      Find out what steps the IRS is taking to re-emphasize the assertion of IRC 6662 Accuracy Related Penalties as they apply to Tax Shelters and cases involving abusive tax avoidance transactions.   Additional information on the updated Penalty Audit Technique Guide

    Tax Shelters
    Presenters Course Description
      Learn first-hand the programs implemented by the IRS Examination Division to identify the numerous abusive tax shelter promotions and what steps are being taken to counter these schemes.
9:35 Office of Professional Responsibility
    Professional Ethics, Circular 230
    Presenter Course Description
      Legal counsel will discuss the administration and enforcement program set forth by the Treasury Dept. that regulates and governs representation of taxpayers before the IRS.   Proposed revisions to Circular 230 as it relates to Tax Shelters.
10:25 Morning Break
10:40 State Updates
    New York, New Jersey
    Presenters Course Description
      Representatives from New York, New Jersey and Connecticut will provide information on significant law changes that affect both the individual and business taxpayer .
11:05 AMT
    What is this Strange Tax?
    Presenter Course Description
      Tax professionals will explain the alternative minimum tax and answer those frequently asked questions, i.e. What is AMT? Who must pay it? Who is exempt? What Is flow through process.


LLC/LLP

    How are they Formed?
    Presenters Course Description
      Hear experts from the IRS, New York State and the academic field discuss the various tax treatment of the LLC and LLP form of business organization  


Taxpayer Advocate Service

    When all else Fails, Where to go for Help?
    Presenters Course Description
      Learn when to seek assistance via the Taxpayer Advocate?   What remedies are available and what is the criteria?
12:00 Lunch
1:10 Collection Process
    Filing to Enforcement
    Presenters Course Description
      Take the journey of an unpaid tax return and learn what really happens to that unpaid tax from assessment to the point of enforcement actions including the filing of the Notice of Federal Tax Lien and the issuance of a levy.
2:15 Bankruptcy
    What Remedies are Available?
    Presenters Course Description
      Experienced bankruptcy professionals will outline the bankruptcy process and illustrate alternative bankruptcy strategies.   Topics will include the discharge of income taxes, the utilization of Chapter 13 to effectuate a “super discharge” of taxes and the restructuring of tax debt in a Chapter 11 reorganization.
3:05 Afternoon Break
3:25 E-Submissions
    e-Services
    Presenters Course Description
      This session will cover the vast array of products and services available that will enable you to assist your client, individuals and businesses, in making electronic payments, and resolving account issues online.
4:30 AMT
    What is this Strange Tax?
    Presenter Course Description
      Tax professionals will explain the alternative minimum tax and answer those frequently asked questions, i.e. What is AMT? Who must pay it? Who is exempt? What Is flow through process.


LLC/LLP

    How are they Formed?
    Presenters Course Description
      Hear experts from the IRS, New York State and the academic field discuss the various tax treatment of the LLC and LLP form of business organization  


Taxpayer Advocate Service

    When all else Fails, Where to go for Help?
    Presenters Course Description
      Learn when to seek assistance via the Taxpayer Advocate?   What remedies are available and what is the criteria?