The IRS is pursuing the more than 10 million non-filers with vigor, and many of them are showing up with missing and incomplete records. Taxpayers are required to support their claimed expenses, and are expected to maintain contemporaneous books and records. Eric Green, Esq. (Tax Rep Network) and Maya Weinreb (Solvency Now) will walk you through what the standards are, how to pull together records, and when to consider just filing missing returns or submitting for voluntary disclosure. They will review issues around reconstructing records and review several case studies they worked to show you how to manage these engagements, leverage outside bookkeeping services and get top the right result for the client and make money while doing it.
Key topics to be discussed:
What the standards are
How to pull together records
When to consider just filing missing returns or submitting for voluntary disclosure
Review issues around reconstructing records
Review several case studies
Date / Time: January 25, 2024
Eric L. Green | Green & Sklarz, LLC.
Eric is a managing partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green’s practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departments of Revenue Services. He is a frequent lecturer on tax topics for many national organizations, including Insightful Accountant, CCH, the NAEA, the NATP, the ABA Tax Section and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He was the author and lecturer of the University of Connecticut School of Business IRS Representation Certificate Program, and has served as a columnist for CCH’s Journal of Practice & Procedure. He is the founder of Tax Rep LLC which coaches accountants and attorneys on building their own IRS Representation practices, and is the host of the weekly Tax Rep Network Podcast.
Mr. Green is the author of The Accountant’s Guide to IRS Collection, The Accountant’s Guide to Resolving Tax Debts, The Accountant’s Guide to Resolving Payroll Tax Debts and The Insider’s Guide to Offers-in-Compromise.
Maya Weinreb | Solvency Now
Solvency Now’s founder, Maya, was born in Tel Aviv, Israel (which means she’s Jewish and you know how they say all Jews are good with money). She went to primary school in a little town south of London called East Grinstead. She then moved to Florida when she was 10 and at the age of 11 she told her teacher she would never need math (Ha!) Her teacher disagreed and look at her now. She even knows algebra!
Maya thinks bookkeeping is relaxing (do you agree or do you think she’s crazy?) and challenging. She believes every late night meeting should include popcorn.
She enjoys puppies, motorcycle rides and long walks on the beach. Her favorite meal is brunch, and nobody does brunch better than the restaurants in Tel Aviv. The way to her heart is Italian hot chocolate! She’ll never get over her favorite cup of hot chocolate from a cafe in Milan.
Her favorite authors include Isaac Asimov, Orson Scott Card and Jude Devereaux. If you know… you know.
I. What the standards are | 1:00pm – 1:20pm
II. How to pull together records | 1:20pm – 1:40pm
III. When to consider just filing missing returns or submitting for voluntary disclosure | 1:40pm – 2:00pm
Break | 2:00pm – 2:10pm
IV. Review issues around reconstructing records | 2:10pm – 2:40pm