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.
- 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.