Many practitioners recognize that the IRS and various state taxing authorities view the administrative regulations as mandatory and binding. However, recent court cases, including the Supreme Court's decision in Loper Bright et al., has changed the landscape. Further, with the increase in IRS funding and expected increase in high net worth audits, representing clients that have high net worths has become a more significant and more challenging process.

This program includes a discussion of timely tax and ethics issues that the tax practitioner needs to be made aware of. An update on 'hot' IRS practice, procedure and ethics issues, including the impact of the U.S. Supreme Court's decision in Loper Bright; and ethical and practical blunders and mistakes practitioners should avoid.What You'll Learn:What Do IRS Regulations Mean After Loper Bright?

• Chevron and the History of Court's Being Bound by IRS Regulations
  
• Judicial Deference to the IRS
  
• Current State of the Law
  
• Hot Issues

High Net Worth Audits

• What Are the Hot Issues
  
• How to Prepare for a High Net Worth Audit
  
• Responding to IRS Requests for Information
  
• Valuation Issues

Employment Tax and Form 941 Audits

• Is the ERC the New Hot Issue?
  
• Addressing the Affirmative Tax Audit
  
• How to Negotiate an Interest Free Investment

Hot Issues

• The Section 41 Research Credit
  
• Ethical Concerns
  
• Refund Claim Traps and What the Practitioner Should Be Concerned About