2022 IRS Civil Fraud Penalties: Navigating an Audit When Fraud is Involved FLEXCAST

Overview

If a taxpayer intentionally files a false tax return then the IRS can assert a civil fraud penalty or worse, charge the taxpayer with a federal crime. The Internal Revenue Code permits the IRS to assess a 75% penalty where civil fraud is involved. This course will discuss how to navigate an audit where fraud is involved. We call these “egg shell audits” because you are walking on egg shells and trying not crack one that could lead to a fraud penalty, or a criminal indictment.

Highlights

Badges of Fraud. Indicators of Fraud.

Prerequisites

None.

Designed For

CPAs and other tax professionals.

Objectives

Identify the specific components of the Civil Fraud Penalty. Understand how to navigate an audit when a taxpayer has committed fraud. Understand a taxpayer’s rights during a civil fraud investigation and what rights the taxpayer has to appeal an adverse determination. Understand the process and tools available to try and keep the audit civil instead of it being referred to the Department of Justice for criminal indictment.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.