Course: Best Tax Practices for the General Practitioner

Topics Include:

• The difference between tax avoidance and tax evasion
• Tax issues that get accountants sued
• Corporate attribution - a lawsuit waiting to happen
• Rectification
• The GAAR and penalties
• When to report a potential claim to your insurance carrier
• Complex tax advice
• Aggressive tax advice
• Backdating
• Differences between tax attributes and financial statement data
• Journal entries and tax planning
• Dividends and deficits
• Dividends, deemed dividends and "safe" income - recent developments
• Potential loss of the capital dividend account
• Doing business in another sophisticated tax jurisdiction
• Notices of objection versus adjustment requests
• Keeping current
• Interpretation bulletins, technical interpretations and advance rulings
• Engagement letters