Offshore Financial Assets: The IRS Offshore Voluntary Disclosure Program – Best Methods to Resolve Filing Omissions
Friday, 30 November 2018 10:00 AM PST, 01:00 PM EST
Training Duration = 120 min Sponsored by Online Compliance Panel
Gain a greater knowledge of the duties of American taxpayers with offshore accounts, trusts companies and financial accounts.
Join this session, where taxation attorney Robert McKenzie will guide you on how you can competently advise your clients of the best methods to resolve filing omissions.
Why Should You Attend:
The Internal Revenue Service (IRS) has been aggressively pursuing unreported foreign accounts since 2009. During that time, the IRS has offered various Offshore Voluntary Disclosure Programs (OVDP's).
On March 14, 2018, the IRS announced that the current OVDP would end soon. It is now imperative that you review the best way to help your clients to correct prior omissions for their undisclosed foreign financials.
Robert E. McKenzie is a Partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the Internal Revenue Service and state tax agencies. He has lectured extensively on the subject of tax representation. He has presented courses before thousands of CPA's, attorneys and Enrolled Agents nationwide.
He has made numerous media appearances including Dateline NBC and The ABC Nightly News. Prior to entering private practice, Mr. McKenzie was employed by the Internal Revenue Service, Collection Division, in Chicago, Illinois. Robert served as a member of the IRS Advisory Council (IRSAC) which is a group appointed by the IRS Commissioner to provide advice to him and his management team (2009 - 2011).
Mr. McKenzie was Vice Chair Professional Services of the ABA Tax Section (2003 - 2005). He is past Chairman of the Employment Tax Committee and past co-chair of the Task Force for Bankruptcy Legislation of the ABA Section on Taxation and past Chairman of the Chicago Bar Association Federal Tax Committee.
He was Dean of the National Tax Practice Institute (1998-2002). Mr. McKenzie is the author of REPRESENTATION BEFORE THE COLLECTION DIVISION OF THE IRS and coauthor of REPRESENTING THE AUDITED TAXPAYER BEFORE THE IRS and REPRESENTATION BEFORE THE UNITED STATES TAX COURT.
Mr. McKenzie has been selected for listing by Law and Leading Attorneys where he served on its Advisory Board. He has been elected to the American College of Tax Counsel and serves as Vice President of its Board of Regents.