Save Your Practice: Due Diligence Requirements and Form 8867 WEBCAST

Overview

IRS has accelerated its examinations of tax professionals. A little-known due diligence requirement has been greatly expanded by recent tax acts, including the Tax Cuts and Jobs Act. The rules require documentation that you questioned clients about their qualification for the child tax credit, tuition credit, head of household filing status and earned income tax credit. You need to update your checklists before busy season. We will guide you through the maze of return prepare due diligence through a CPE webinar taught by Greg White, CPA. This course will cover latest developments in due diligence. This fast-paced program will highlight legal and regulatory developments.

Highlights

What strategies are available to comply with the due diligence requirements? Documentation requirements. Credits covered by the due diligence requirements.

Prerequisites

Basic understanding of federal income taxation concepts.

Designed For

CPAs and in public practice and tax staff in private practice who have some experience with federal taxes.

Objectives

Identify credits covered by the due diligence rule. Implement the documentation standards for head of household status. Implement the documentation standards applicable to credits so you can avoid IRS penalties.

Preparation

None.

Notice

None.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Gregory White, President, WGN PS

Leader Bios

Gregory White, President, WGN PS

4.96 stars out of 5
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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