Disclosing Tax Return Positions
Reasonable Basis for Tax Return Positions and Completing Form 8475 - Recorded 1/17/22
When living in a world of tax uncertainty, appropriate disclosure of tax return positions can help protect taxpayers. This course will explain when a taxpayer should consider disclosing a tax return position and how to adequately disclose it on the tax return.
Learning Objectives
Learning Objectives
- Explain how disclosure affects the assertion of penalties.
- Explain how disclosure affects the assessment statute of limitations.
- Describe how a taxpayer adequately discloses a tax return position.
- Demonstrate proper completion of Form 8275, Disclosure Statement.
Education Information
IRS Program Number: NMVBP-T-00215-22-S
Length: 50 minutes plus optional question-and-answer session (no CE)
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Self-Study
Field of Study: IRS Federal Tax
Credit hour: 1 IRS CE
Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor.
All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.