Avoiding Tax Malpractice

The start date for this course has passed. Registration is no longer available.

This course is 8.00 credits
Field of Study
Tax
Course Level
Overview
Vendor
California Society of CPAs

Registration Fees

MSCPA-AICPA Member
$245.00
MSCPA Member
$245.00
AICPA Member
$375.00
Non-Member
$375.00
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Friday, Dec 6, 2019
11:30am – 7:00pm

Identify topics related to allegations of malpractice committed by tax professionals and review risk management techniques.

We do not like to think about it but inherent in every rendered service by a tax professional is the risk that a client may assert the practitioner is guilty of malpractice or a client feels misled by advisers who are allegedly unethical or incompetent. Explore the various reasons for this and learn techniques and procedures to minimize the risk, including effective client communication skills, tools to protect yourself from malpractice exposure and more.

Materials are provided as an ebook.

Designed For

CPAs, practitioners and attorneys.

Course Objectives

  • Identify topics related to allegations of malpractice committed by tax professionals.
  • Determine how to recognize high-risk engagements.
  • Recognize relevant ethical considerations.
  • Identify tools for insulating yourself from malpractice exposure.
  • Determine appropriate loss prevention procedures.
  • Determine effective communication with clients regarding objectives and expectations.

Major Subjects

  • Technical definitions of tax malpractice.
  • Risk management techniques: engagement letters, quality control procedures and maintaining professional competence.
  • Aggressive tax strategies.
  • "War stories" dealing with tax-related claims against CPAs.
  • Insurance carrier experiences.
  • Substantive tax areas: tax-deferred exchanges, built-in gains, alternative minimum tax and overlooked tax elections.

Prerequisites

None.

The start date for this course has passed. Registration is no longer available.