What to Do when Clients Attempt to Fudge the Numbers on their Tax Returns?
Total Credits: 2 including 2 Regulatory Ethics - Technical
- Average Rating:
- 51
- Categories:
- Partner Produced | Ethics | Tax
- Faculty:
- Albert D. Spalding Jr.
- Course Levels:
- Basic
- Duration:
- 2 Hours
- License:
Description
To believe or disbelieve ... that is the question often faced by CPAs. For tax practitioners, this question is especially nettlesome when clients attempt to overstate their business gifts, entertainment, auto expenses, etc., on their income tax returns. This ethics workshop offers “talking points” for accountants whose clients sometimes insist on fudging the numbers.
Basic Course Information
Learning Objectives- Recognize typical deduction categories that are sometimes “fudged” by clients.
- Refer clients to various risks associated with government audit techniques and taxpayer penalties.
- Explain to clients the regulatory and professional ethics risks faced by CPAs whose clients tend to fudge their numbers.
- Informally assess the compliance profiles of clients in light of the conceptual framework’s threats and safeguards regime.
- Benefit from a case study involving a taxpayer who chooses to overstate deductions on his tax return.
Major Subjects
- Should Tax Practitioners be Skeptical
- Educating Clients About:
- First person risks (IRS audit techniques and penalties)-
- Third person risks (preparer penalties and CPA ethics requirements)
- Taxpayer Compliance Profile and the Conceptual Framework Case: Rogers v. Commissioner
Course Materials
| Important CPA Credit Instructions READ BEFORE WEBCAST UPDATED (487.5 KB) | Available after Purchase | ||
| What to Do when Clients Attempt to Fudge the Numbers on their Tax Returns? Handout (3.6 MB) | Available after Purchase | ||
Faculty
Albert D. Spalding Jr. Related Seminars and Products
Associate Professor
Mike Illitch School of Business Administration, Wayne State University, Detroit
Albert “Bert” is an attorney-CPA and holds the Certified in Financial Forensics (CFF) designation from the AICPA.
Professor Spalding serves on the faculty of the Department of Accounting at the Wayne State University Mike Ilitch School of Business…where he teaches business law, tax, forensic and fiduciary accounting -- as well as professional ethics -- in the MS in Accounting and MBA programs.
Bert Spalding has also served on the legal staff of the IRS National Office in Washington, D.C. where he drafted letter rulings, technical advice memoranda, revenue rulings and other pronouncements.
Dr. Spalding holds graduate degrees in accounting, law, psychology, philosophy and theology, and has authored several books and many journal articles on accounting, tax, legal and ethics-related topics. His popular SpaldingCPE seminars, webcasts and self-study courses on ethics and accounting topics are widely received around the State of Michigan as well as nationally.
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
Accountants who prepare individual and/or business tax returns.
Original Recording Date
09/2022
Yellow Book
No
Course Developer
MICPA
Date Added to Catalog
08/19/2022
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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