How to Avoid and What to do if Audited by the IRS

Date: Monday, April 25, 2022
Time: 12:00pm - 1:00pm
Location: MAC 405 Washington Avenue
Speaker: Michael A. Gregory

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April 25, 2022, from 12:00 – 1:00 pm in Person and Zoom

How to Avoid and What to do if Audited by the IRS

A brief background on the IRS organization as it relates to the IRS Estate and Gift Tax Program and issues are presented to provide the participant with insight into the various silos and different cultures associated with business appraisal issues at the IRS. The processes of both the national and local classification process in Estate and Gift tax is presented and issues related to an examination are explored to provide insight of what to do to avoid an audit and what to do if audited. Insights are presented on how to address any conflict using neuroscience by taking advantage of The Collaboration Effect®.

Bio

It is our pleasure to introduce Michael Gregory, ASA, CVA, NSA, MBA, and Qualified Mediator with the Minnesota Supreme Court, who founded Michael Gregory Consulting LLC in September 2011. Mike focuses on helping resolve conflict with the IRS, negotiating winning solutions, and helping organizations be more productive and grow faster by taking advantage of The Collaboration Effect®. Prior to founding his consulting firm, Mike had 28 years of experience with the IRS in a variety of capacities from specialist to executive level. During his last 11 years with the IRS, Mike was an IRS territory manager with responsibilities for up to 23 states with an emphasis in business valuation and specialist issues nationally. Mike has been working with neuroscientists for over nine years and he has written 12 books focusing on IRS issues business valuation, conflict resolution, servant leadership, and his most recent book The Collaboration Effect. Mike has a BS from Valparaiso University, a MS from the University of Wisconsin – Madison and an MBA from DePaul University. Mike can be reached at mg@mikegreg.com and with his direct line at 651-633-5311.

Qualifications: BS from Valparaiso University, a MS from the U of Wisconsin – Madison, an MBA from DePaul University, an Accredited Senior Appraiser (Business Valuation) with the American Society of Appraisers, a Certified Valuation Analyst with the National Association of Certified Valuation Analysts, a Qualified Mediator with the Minnesota Supreme Court, a board member of the Minnesota State Bar Association Alternative Dispute Resolution Section, Chair of the Ethics and Oversight Committee of the National Association of the Certified Valuation Analysts.

Reservation Policy

All attendees are required to register in advance.  In person $25-member, $50 guest. Zoom - $20-member, $45 guest. If you reserve and are unable to attend, please cancel your reservation at least 24 hours in advance of the meeting to receive a refund or a credit for a future meeting.


Continuing Education

EPCSTL has requested approval for continuing education in the following areas: Banking, CLE, CPE, CFP, L&H Insurance   

EPCSTL 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.learningmarket.org. Complaint resolution policy: please note your problem in the speaker evaluation.

CPE Information for CPAs

CPE Learning Objectives

Participants will be able to:

Describe how the IRS works and how to work with this IRS;

Communicate how classification works at the IRS on estate and gift tax audits, and how to avoid an audit;

Identify how to work with IRS personnel if audited; and

Leverage the secrets of de-escalation and negotiation.

Delivery Method: Live

Earn 1 CPE Credits for this session. 
       Field of Study: Specialized knowledge.
       Program: Intermediate
       Prerequisites: There are no prerequisites or advanced preparation for this session.
       Who should attend: This presentation is aimed at lawyers, accountants, trust officers and other estate planning professionals with a background in estate planning topics and will take a deep dive into the specific question of designing estate planning provisions for minor children as beneficiaries.

A certificate of completion will be available for those CPAs, and CWS designees who feel the program satisfies their continuing education requirements.

"In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour."

National Registry of CPE Sponsors Number 109467

CTFA

CTFA 1.25 CE credit 

CFP Learning Objectives

Participants will be able to:

Describe how the IRS works and how to work with this IRS;

Communicate how classification works at the IRS on estate and gift tax audits, and how to avoid an audit;

Identify how to work with IRS personnel if audited; and

Leverage the secrets of de-escalation and negotiation.

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