There are many unique and specialty tax issues that your clients may face on an irregular basis. The Eide Bailly National Tax Office (NTO) and Specialty Service Teams are available to provide attorneys/advisors and their clients access to specialized technical resources and knowledge for consulting and compliance matters.
Join us for a series of webinars to learn more about the issues impacting your clients, and how we can collaborate to provide opportunities for continued growth and success. Click on a date below to learn more and register.
Federal Rule Changes and Effects on eDiscovery (View Now)
IRS Hot Topics: Examination and Appeals of Interest (View Now)
Economic Damage Calculations – Methods and Procedures (View Now)
Avoid Criminal Prosecution Related to Offshore Accounts (View Now)
Creating a Culture of Security (View Now)
Assisting Clients with Employee Theft Issues (View Now)
Mergers and Acquisitions: What Your Clients Need to Know (View Now)
Qualifying for and Benefiting from the R&D Tax Credit (View Now)
Overview of Foreign Trust Reporting Requirements (View Now)
The Advisors Due Diligence Role in M&A (View Now)
Federal Rule Changes and Effects on eDiscovery
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The Federal Rule changes to eDiscovery have been in place since December of 2015. These changes were supposed to make eDiscovery more efficient and cost effective; however, we now have a few examples of case law and the results are not necessarily what was expected. This presentation will summarize some of the key changes to the Federal Rules, what changes have been identified in some case decisions, and ways to take advantage of the rule change results from a strategic approach.
Learning Objectives
- Review the Rule Changes
- Outline the Rule Changes effects on Case Law
- Explore Advantages of the New Rules​
Presenter: Calvin Weeks, Computer Forensics Manager, EnCE, CEDS, CRISC, CISSP, CISM
Calvin has more than 20 years working within eDiscovery and computer forensics, and is a Certified E-Discovery Specialist (CEDS). Calvin’s eDiscovery and expert experience comes from examining 10,000+ cases involving over 10 million documents, email, data and all meta data. He has also been in charge of deleting and destroying electronic data, including classified top secret data for the Department of Defense.
IRS Hot Topics: Examination and Appeals of Interest
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This webinar will discuss key developments in individual and business taxation over the last year. Join us to learn about the IRS’s current areas of focus in examination and appeals of interest to tax practitioners. We will also discuss the impact of the election on the IRS, as well as potential upcoming tax legislation.
Learning Objectives
- Review the process of an examination and the keys to presenting and protecting your evidence
- Identify the issues commonly raised by the IRS including reasonable compensation, large losses, material participation, and related party transactions
- Discuss the IRS Global High Wealth exam team that audits high wealth taxpayers
- Understand new IRS rules regarding required disclosure of captive insurance
- Review IRS issues involving Donor Advised Funds and IP Monetization
- Discuss the impact of new partnership audit rules in the post-TEFRA era
- Briefly discuss the impact of the presidential election – what will the IRS look like under the new administration and what potential tax legislation could be coming?
Presenters: Benjamin Peeler, JD, CPA, LL.M, Partner
Ben has more than 16 years of tax experience specializing in federal tax, controversy and procedure. He leads Eide Bailly’s IRS Controversy and Procedure practice, and works with clients in the areas of income tax, estate and gift tax, property tax, sales and use tax, estate planning and other various tax matters. Ben has represented the IRS before the United States Tax Court in large and specially designated tax cases, and in litigation before the federal district court as a special assistant to the United States Attorney. He has also worked as an attorney for the IRS Office of Chief Counsel. In addition, he has led and instructed groups of attorneys, revenue agents and revenue officers through various procedures.
Mike Mondelli, JD, Manager
Mike has over eight years of tax and legal experience, specializing in federal tax. He provides advice on IRS practice and procedures including examination, appeals, collection, penalty abatement, audit reconsideration, research, and various other federal tax matters. Mike has also worked for the IRS, conducting audits for the Examination division and resolving United States Tax Court cases for the Office of Chief Counsel.
Economic Damage Calculations – Methods and Procedures
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Forensic accountants are often called upon as experts in matters to review and analyze underlying foundational evidence and measure lost profits and other damages related to breach of contract and tort claims. For an expert’s analysis and conclusions to survive the rigors of the litigation environment, the expert’s work must be within the realm of conventional damages theory and be based upon generally accepted approaches and methods of damages measurement. This webinar will focus on lost profit calculations including the fundamentals of damages measurement, alternative approaches and methodologies, determining lost profits versus loss of business value, the importance of foundational evidence, and available research sources.
Learning Objectives
- Explore the following:
- Determining the proper damages period
- Methods used to estimate lost revenues
- Analysis of variable or saved expenses
- Projecting past and future lost profits damages
- Use of discount rates to present value damages
- Establishing a reliable foundation
- Sufficient reliable data and information
- Industry and economic data
Presenter: Lela Lawless, Senior Manager, CPA, ABV, CFF, CVA
With more than 20 years experience in public accounting, Lela has the knowledge and skill set to manage complex litigation support for business valuation, forensic accounting, fraud detection, and claims analysis, as well as economic damage calculations related to lost profits, fraud schemes, accounting malpractice claims, securities litigation, bankruptcy, employment, contract and other business disputes. Lela is experienced in preparation of expert reports, supporting schedules, analysis and exhibits used in all phases of commercial litigation.
Avoid Criminal Prosecution Related to Offshore Accounts
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In 2012, the IRS launched a program for people with undisclosed income in offshore accounts. This program gives those who qualify the chance to disclose this offshore income on their tax returns. These individuals will be subject to a penalty; however, this penalty is a small price to pay to avoid criminal prosecution by the IRS. Changes have been made to the program in 2014. Join us to learn more about this legislation and the potential benefits and impacts it may have on your clients.
Learning Objectives:
- Identify the process and requirements of the Offshore Voluntary Disclosure Program
- Discuss the changes between the original 2012 OVDP and the current 2014 legislation
- Identify the benefits of making a voluntary disclosure
- Determine how offshore penalties are calculated within the program
Mike Criddle, CPA, Partner
Mike has more than 15 years of experience working in tax with partnerships, S corporations, corporations, individual, trusts and nonprofit tax. He specializes in international taxation, specifically as it relates to individuals. His experience includes both U.S. citizens (and Green Card holders) working abroad, and individuals from foreign countries working in the United States, as well as the various reporting obligations stemming from these situations. Mike also has experience with foreign investment in the U.S., and the employment-related issues a company would face in sending employees on foreign/domestic assignments.
Creating a Culture of Security
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The depth and breadth of cyber threats & challenges faced by organizations today has never been greater. Data compromise and system breaches have become commonplace in our society, leaving those accountable for the data entrusted to their organizations without a clear action plan. Spending millions of dollars on the latest technologies in an attempt to protect themselves from becoming the next organization in the news is a common, but insufficient, tact. Cyber security involves more than policies, procedures and technologies. Join Eide Bailly to find out how to establish a culture of security at your institution for a comprehensive and resilient solution to the cyber threat landscape.
Learning Objectives
- Explore the importance of having organizational leadership involved in the oversight and management of cyber security
- Discuss tools and approaches businesses can take to begin evaluating and mitigating their organization’s cyber security risks
Presenter: Karen Andersen, CISM, Risk Advisory Manager
Karen has more than 21 years of technology experience across a wide variety of industries. She works with clients to perform cybersecurity assessments, risk assessments, and SOC engagements. Karen provides expertise in the areas of PII, data breaches, HIPAA assessments, investigations, and information risk assessments. Her background also includes electronic discovery and working closely with counsel to identify potentially relevant data, as well as case strategy, discovery protocols and managing large scale collections.
Assisting Clients with Employee Theft Issues
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Course Description:
Whether your client is a large organization or a small startup, employee theft issues can have devastating effects. Failed investigations can be very costly to a company, but with the proper planning and tools, conclusions can be drawn and the right solutions implemented. This session will outline the process of an investigation and discuss the utilization of accounting and digital forensics to ensure a successful case.
Learning Objectives:
- Outline how employee theft can impact your clients
- Identify strategies to prevent fraud
- Review the process followed during an employee theft investigation
Presenter:
Liz Johnson, CPA, CFE, CFI, Forensic Accounting Manager
Liz has more than 10 years of experience providing forensic accounting services. She provides fraud detection and investigation services to quantify fraud losses, as well as specializes in conducting internal controls examinations to identify potential fraud risks and provide recommendations to mitigate and identify risks for clients. She holds the Certified Public Accountant, Certified Fraud Examiner, Certified Forensic Interviewer and Private Investigator designations.
Mergers and Acquisitions: What Your Clients Need to Know
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Mergers and acquisitions can be stressful, and there are many things companies need to consider when looking to transition and grow. From tax due diligence and structuring to transaction forms and everything in between, it is important to make sure that your client is adequately prepared for the transaction. Join us for a session to discuss the main things your clients will need to consider in order to ensure a successful merger/acquisition.
Learning Objectives:
- Outline the process of mergers and acquisitions
- Discuss common issues related to the tax side of M&As
- Review ways Eide Bailly can serve as a resource through the M&A process
Presenter:
Carolyn Linkov, JD, National Tax Senior Manager
Carolyn has more than 15 years of tax experience with specific knowledge in the tax side of mergers and acquisitions. She advises clients on issues concerning transaction structuring and planning; employee compensation; entity conversion issues; transaction tax consequences; input into transaction documents; and liaising with clients' attorneys.
Qualifying for and Benefiting from the R&D Tax Credit
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In 1981, congress implemented the federal Research & Development (R&D) tax credit to encourage companies to invest in innovation. Since then, the government has expanded the types of activities that qualify as R&D allowing many companies to meet the criteria simply through their efforts to stay competitive. Many day-to-day company operations potentially qualify for the R&D tax credit, and as a result, many businesses are receiving tax credits and related deductions for qualified research and development expenditures. Federal R&D credits total more than $10 billion annually; in addition, most states also offer some kind of R&D tax incentive. Join us for a webinar to learn more about R&D tax incentives, and whether or not your clients may qualify.
Learning Objectives:
- Identify the different R&D tax incentives
- Discuss what is necessary for a company to qualify
- Outline the many benefits that can result from these types of incentives
- Discuss recent R&D tax incentive developments, including enhancements for small and medium sized businesses
Presenter: Jim Donovan, CPA, Senior Manager
Jim has more than 15 years of tax consulting experience providing R&D tax incentives to various industries. He helps clients benefit from R&D tax incentives, including federal and state credits. He also provides assistance with IRS and state taxing authorities to support R&D tax incentives claims.
Overview of Foreign Trust Reporting Requirements
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There are many unique and specialty tax issues that your trust clients may face on an irregular basis. The Eide Bailly National Tax Office (NTO) is available to provide attorneys, advisors, and their clients access to specialized technical resources and knowledge for consulting and compliance matters. While more and more trusts have migrated to the US, the FATCA (The Foreign Account Tax Compliance Act) requirements cannot be ignored. A good understanding of FATCA will translate into tax compliance, efficient trust administration and client satisfaction. Join us to learn more about how we can help add value to your trust clients through specialty tax consulting services.
Learning Objectives
- Define FATCA and the reporting requirements involved
- Review practical filings customized for typical trusts
- Identify the required and benefits of the Voluntary Disclosure Program
- Discuss the changes between the original 2012 OVDP and the current 2014 legislation
Presenter: Mike Criddle, CPA, Partner
Mike has more than 15 years of experience working in tax with a variety of industries and specializing in international taxation, specifically as it relates to individuals. He has proficient knowledge on various voluntary disclosure programs available to US taxpayers with undisclosed accounts. Mike also has experience with both U.S. citizens (and Green Card holders) working abroad, and individuals from foreign countries working in the United States, as well as the various reporting obligations stemming from these situations.
The Advisor's Due Diligence Role in M&A
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Do you have clients in the process of buying or selling a business? If so, this session is for you.
Business advisors play a key role within the due diligence phase and sell-side readiness phase of a transaction. Join Eide Bailly to find out how you can be adding value to your clients during a merger or acquisition, and come away with practical tips for assisting your clients throughout the duration of the transaction.
Learning Objectives
- Discover what to look for and potential deal breakers during the acquisition process
- Review the quality of earnings (QofE) report, a standard part of the due diligence process
- Identify common areas of review
- Explore key components of a business sale or purchase, including an overview of the buy-side process, EBITDA adjustments and working capital considerations.
Presenter: Amber Ferrie, Partner, CPA/ABV/CFF, CMAP
With more than ten years’ experience performing business valuations and other consulting services for estate and gift taxes, management planning and purchasing and selling businesses, Amber serves a variety of industries and clients, including health care, energy and closely held entities. Amber specializes in transaction advisory services with an emphasis on buyer due diligence and sell side advisory services.
Presenter: Chad M. Flanagan, Partner, Director of Valuations, CPA, ABV
Chad specializes in valuing intangible assets, including technology, patents, and contractual agreements. He conducts business valuations for estate and gift tax purposes, litigation, and purchasing and selling businesses. Chad also performs financial projections/forecasts and strategic planning for a variety of clients, including professional service companies, manufacturers, distribution companies, equipment dealers and health care providers.