"Surviving an IRS Audit"
ICCIE "Hot Topic" Webinar
Registration Deadline: Monday, July 16, 2012
Date: Tuesday, July 17th, 2012
Time: 2:00 - 3:40 p.m. EDT
Advance Preparation: None
Credit upon successful completion: 2 CPE, 2 ACI CE, 1 ICCIE Teleconference
Few things create more distress than a letter from the IRS informing you that your captive has been selected for a tax audit. Similarly, the audit of the operating companies can be expanded to an audit of the captive. With captives becoming more popular and with revenue pressure increasing, the chances of a captive insurance company and/or its owners being selected for audit by the IRS are higher than ever. Proper planning for an IRS examination should begin well before you are notified of the audit. Indeed, thinking about the potential challenges of a tax audit should start with the captive's initial feasibility study, and should continue throughout the life-span of the captive. The chances of prevailing in an IRS audit can be greatly improved if you understand why captives are selected for audit, how an audit is conducted, and how proper planning can mitigate the possibility of an adverse outcome.
This session will take you through the IRS audit process, from inception to resolution, including appeal and litigation. We will examine the legal and procedural environment in which an IRS audit is conducted. We will explore the factors that may increase your risk of audit, and we will share practical advice and "best practices" on how to effectively deal with the IRS during the audit.
Through a combination of discussion, examples and "war stories", participants will learn about:
- How the IRS is organized and operates
- The life-cycle of the IRS audit process
- Practice and conduct before the IRS
- How and why captives are selected for audit
- Types of IRS audits
- Common IRS audit issues for captives
- Preparing for the audit
- Handling "unagreed" issues (negotiations, appeals, and litigation)
Through better awareness of proper training and advance planning, participants should come away from the session with a better understanding of not just how to survive an IRS audit, but on how to successfully handle all aspects of the audit to maximize the odds of receiving a "no change" letter from the IRS.
Managing Partner, Partner in Charge of Tax Department
Saslow Lufkin & Buggy LLP
McDermott Will & Emery LLP
Partner and Chair, Federal Tax Team
Bingham Greenebaum Doll LLP
This seminar will be offered via voice-over-internet-protocol (VoIP). Please note this seminar will not be assessable by phone. If you have any questions please contact the ICCIE office prior to registration.
Attending via webconference (VoIP access only):
- To register, click here or phone 1-866-60-ICCIE (1-866-60-42243)
- Date: July 17th, 2012
- Time: 2:00 - 3:45 p.m. EDT
- Location: internet (detailed instructions e-mailed prior to webconference)
- Format: VoIP
- To participate you will need access to the internet and a compatible headset (preferable).
- Voice over Internet Protocol (VoIP), allows you to make voice calls using a broadband internet connection instead of a regular (or analog) phone line.
$135 per attendee
$100 per ACI designation graduate
$100 per attendee from companies with employees currently enrolled in ICCIE
$100 per ICCIE modular student
$90 per ACI Alumni Network member
- Payment may be made via check, Visa, MasterCard, or American Express, by July 16, 2012.
- Registrants will receive a receipt of payment and confirmation of their registration from the ICCIE office. Participants will be e-mailed PDF materials by July 16, 2012 to accompany the seminar.
- Designation students- this offering fulfills a teleconference requirement. To register, contact Student Affairs Coordinator, Angela Gale, email@example.com.
TELECONFERENCE and CONTINUING EDUCATION CREDIT:
To earn teleconference credit participants must attend the event in its entirety. This program qualifies for the following;
- 2 CPE credits through NASBA
- 2 ACI CE credits
- 1 ICCIE Teleconference credit
If your schedule changes and you will not be able to attend the event please contact Angela Gale, firstname.lastname@example.org by July 10, 2012 to cancel. Please note, a seminar attendee who cancels a registration within seven days of the event will not be granted a refund.
For further details please contact at ICCIE at 802-651-9050