Offer in Compromise: What to Do with Business Assets and the IRS Enforcement of the 199A Deduction from the 2017 Tax Act—What Business Attorneys Should Know


CLE credits earned: 2 GENERAL (or 2 LAW & LEGAL for WA state)

Everyone loves the idea of compromising away huge tax debts for less money, but things get complicated when the taxpayer owns a business. This panel will review the Offer-in-Compromise program requirements and how business assets are dealt with by the IRS Centralized Offer-in-Compromise Unit so you and your clients know how to deal with this very sticky issue next time.

Under the 2017 Tax Act, IRC § 199A proved to be highly popular. The issue is who should and should not be using the deduction, and what does the IRS intend to do about enforcing the section’s rules? Join our panel as we hear directly from the IRS employees charged with overseeing 199A’s provisions and implementation, and what practitioners and taxpayers can expect as the IRS begins auditing these returns.

Date / Time: January 29, 2020

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

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•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

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Original Broadcast Date: November 22, 2019

2:00 – 3:00 – Offers & Installment Agreements: What to Do With the Business Assets?

• Amanda Evans, EA, Green & Sklarz LLC, New Haven, CT

• Caren Zahn, EA, Agostino & Associates PC, Hackensack, NJ
• Roger Nemeth, EA, Audit Detective, Jacksonville, FL
• Fran Obeid, Esq., MFO Law, PC, New York, NY

3:00 – 4:00 – IRC § 199A Implementation and Examination: What to Expect from the IRS When it Comes to the Client’s Use of the 199A Deduction

• Jason A. Marsh, Esq., Green & Sklarz LLC, New Haven, CT

• Philip J. Wilson, CPA, Marcum, LLP, Costa Mesa, CA
• James R. Grimaldi, Esq., CPA, Citrin Cooperman, New York, NY
• Tamera Ripperda, Deputy Commissioner, Small Business/Self-Employed Division, Internal Revenue Service, Washington, DC
• John Tuzynski, Director, Examination-Central, TCJA Implementation, Small Business/Self-Employed Division, Internal Revenue Service, Washington, DC

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