Beyond Belonging: From Ideas to Action

Overview

Minimizing estate and gift tax penalties is important for preserving wealth and ensuring compliance with tax regulations. Beth Kaufman and Melissa Wiley, Partners with Lowenstein Sandler in Washington DC, join this segment to discuss best practices and compliance strategies with respect to estate and gift taxes. This includes discussion of reasonable cause and willful neglect, building a persuasive case for reliance on tax professionals, and understanding penalties for appraisers under IRC Section 6695A. They also discuss strategies to manage late filing and payment penalties, how to leverage the Internal Revenue Manual for penalty abatement/reasonable cause statements, and considerations when applying first-time abatement (FTA).

Highlights

• Belonging & Social Responsibility
• Belonging in the Workplace
• Cultural Awareness & Belonging
• Belonging Strategies for Leadership
• The Business Case for Belonging
• Building a Culture of Belonging

Prerequisites

None.

Objectives

• Identify concepts to enhance the ability to understand the practice of equity.
• Understand best practices for leading courageous and difficult conversations.
• Understand how to build a diversity strategy by using data metrics.

Preparation

None.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.