TAX 621 - Tax Fraud and Penalties

3 Credit(s)

Students learn about tax procedure involving civil and criminal tax penalties. They will ultimately be able to advise clients as to what practical steps they will need to take once an audit is underway. Students will be able to suggest strategies to avoid the possibility of the imposition of a tax penalty in the first instance, and will be able to recommend arguments that can lead the IRS to set aside costly charges of interest and/or penalties. This is an elective class. Prior coursework in taxation is recommended.