Webcast: Tax Practitioner Horror Stories (XSTPHS17)
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Tax practitioners are required to master complex technical tax issues in order to prepare tax returns and give tax planning advice to clients. With this complexity comes the risk of making a mistake that will generate a lawsuit against the tax professional based on malpractice. This program will familiarize the tax practitioner with the legal standards relating to malpractice, and cover by way of illustration “horror stories” involving tax practitioners whose lack of technical understanding and/

 Export to Your Calendar 10/31/2017
When: 10/31/2017
12:00 PM until 2:00 PM
Where: Webcast
SURGENT
TPHS-2017-01-WEBNR-304-79
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


Online registration is available until: 10/29/2017
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Acronym XSTPHS17
CPE 2 hours
Vendor Surgent
Category
Taxation
Level Intermediate
Prerequisite A basic understanding of the tax rules relating to individual income tax
Adv Prep None
Yellow Book? No
Registration
Member $89
CPA Non-Member $114

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Tax practitioners are required to master complex technical tax issues in order to prepare tax returns and give tax planning advice to clients. With this complexity comes the risk of making a mistake that will generate a lawsuit against the tax professional based on malpractice. This program will familiarize the tax practitioner with the legal standards relating to malpractice, and cover by way of illustration “horror stories” involving tax practitioners whose lack of technical understanding and/or lack of common sense led them, and their clients, into disastrous situations potentially involving penalties and large tax liabilities.

Objectives

  • Understand the types of transactions that give rise to malpractice lawsuits brought against tax advisors
  • Take steps to limit exposure to an action in malpractice brought by a tax client

Topics

  • Legal standards applicable to establishing grounds for bringing a malpractice action against a tax preparer or tax advisor
  • Defensive measures tax practitioners can take to mitigate or eliminate exposure to malpractice lawsuits
  • Tax practitioner “horror stories” that illustrate what tax practitioners should try to avoid at all costs