How to Avoid and What to Do if Audited by the IRS
A brief background on the IRS organization as it relates to Estate and Gift tax issues is presented to provide the participant with insight into the various silos and different cultures associated with business appraisal issues. The process 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 using neuroscience. The insights from neuroscience may be applicable to resolving any conflict and negotiating winning solutions.
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 and how to avoid an audit;
- Identify how to work with IRS personnel if audited; and
- Leverage the secrets of de-escalation and negotiation.
Notes: This program qualifies for 1-hour of continuing education credit for Attorney, CPA, Professional Fiduciary and Trust Officers. This program qualifies for 1-hour of continuing education credit for CFP's (Program ID: 273520). This program did not meet the criteria for life insurance credit with the California Department of Insurance.
**A Zoom meeting link to join will be emailed.
About Our Speaker:
Michael Gregory, ASA, CVA, NSA, MBA, is a Qualified Mediator with the Minnesota Supreme Court, who founded Michael Gregory Consulting LLC in September 2011 and The Collaboration Effect in 2018. Mike focuses on helping resolve conflict with the IRS, negotiating winning solutions and inspiring leaders. 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 seven years and he has written 11 books focusing on IRS issues, business valuation, conflict resolution and servant leadership. Mike has a BS from Valparaiso University, a MS from the University of Wisconsin – Madison and a MBA from DePaul University.
July Meeting Sponsor
