Avoiding Tax Malpractice WEBCAST

Monday, November 23 8:30am - 4:30pm PST

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8 Credits

Member Price $295.00

Non-Member Price $395.00

Overview

Identify topics related to allegations of malpractice committed by tax professionals and review risk management techniques. Inherent in the services of a tax professional is the risk that a client may assert practitioner malpractice. Clients may also accuse an adviser of being unethical or incompetent. Explore the reasons clients make such claims, and learn techniques and procedures to minimize the risk. Review effective client communication skills and tools to protect yourself from malpractice exposure and more.

Highlights

Technical definitions of tax malpractice. Risk management techniques: engagement letters, quality control procedures and maintaining professional competence. Aggressive tax strategies. “War stories” dealing with tax-related claims against CPAs. Insurance carrier experiences. Substantive tax areas: tax-deferred exchanges, built-in gains, alternative minimum tax and overlooked tax elections.

Prerequisites

None

Designed For

CPAs, practitioners and attorneys

Objectives

Identify topics related to allegations of malpractice committed by tax professionals. Determine how to recognize high-risk engagements. Recognize relevant ethical considerations. Identify tools for insulating yourself from malpractice exposure. Determine appropriate loss prevention procedures. Determine effective communication with clients regarding objectives and expectations.

Preparation

None.

Notice

None

Leader(s):

Leaders

Arthur Dellinger

Arthur J. (Kip) Dellinger, Jr., CPA, senior tax partner at Kallman and Co. LLP, CPAs, is chair of the AICPA Tax Division Tax Practice Responsibilities Committee. He is the author of The Practical Guide to Federal Tax Practice Standards (CCH). His client practice focuses on sophisticated accounting issues and tax planning, compliance and controversy representation.

Mr. Dellinger has spoken before the USC Institute on Federal Taxation, the UCLA Tax Controversy Institute, the California Tax Bar Annual Meeting, several California CPA Education Foundation conferences, the Illinois CPA Society Annual Tax Conference and the Florida Institute of CPAs Tax Expo. He has written more than four-dozen articles on tax technical and procedural topics.

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Non-Member Price $395.00

Member Price $295.00