Question for financial professionals in US

[Deleted]

Aug 28, 2015 13:01:22 GMT -5 Les Paul said:

I'm a CPA, but this is obviously not official advice.
Voluntary disclosure can help a taxpayer avoid civil penalties and possibly criminal prosecution by voluntarily becoming compliant with the tax law, and by correcting prior and current required filings. I would strongly recommend hiring a tax lawyer to navigate the proceedings.

Overall, it is a much better route than being prosecuted for tax evasion.

But where have you heard of this? CPA publications or meetings? And which civil penalties do you understand to be avoided? Civil fraud penalties? Accuracy related penalties?

[pinotgrig]

I'm in finance, but not this side. I shot H an email, though.

[dcn]

I'm a CPA and I have heard of it. Probably in an article or email from the Aicpa or similar. I don't know the details though, as I am not a tax person. Like, at all.

[simpsongal]

I know of it b/c DH is a tax attorney/CPA who works for a tax publication.

In other words....TAX

[Deleted]

Aug 28, 2015 14:25:43 GMT -5 @callmefia said:

A tax club meeting/CPE thing. I'm not that familiar since I haven't needed to know about it. But I know it exists.

Was this recent?

[pinotgrig]

Aug 28, 2015 13:11:58 GMT -5 pinotgrig said:

I'm in finance, but not this side. I shot H an email, though.

H says it's been too long since his days in tax and doesn't remember.