On October 8, 2020, Megan L. Brackney discusses the requirements for filing Forms 8300 and sending payee statements, the penalties for non-compliance, and defenses to penalties. Course objectives included: identifying transactions that must be reported on Form 8300; reviewing Form 8300 preparation; identifying the penalties or failure to file Form
On April 28, 2022, Megan L. Brackney participates in a panel entitled “Balancing Tax Planning, Advocacy, and Professional Ethics: The Rules That Every Tax Advisor Should Know” for “Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2022 Chicago” hosted by the Practising Law Institute
Megan L. Brackney was quoted in a recent Tax Notes article entitled “A Look Ahead: Mo’ BBA Audits, Mo’ Problems,” published on December 30, 2021. Brackney analyzes potential issues with the implementation of Bipartisan Budget Act “BBA” procedures to IRS partnership audits. The article notes: According to Megan L. Brackney
On January 13, 2022, Megan L. Brackney teaches a course entitled “Ethical Issues in Practice Before the IRS” for CPA Academy. Course Description: This session covers the provisions of Circular 230 and the AICPA Statements on Standards for Tax Services that apply when interacting with the IRS during audits, appeals,
Megan L. Brackney was quoted in a recent Tax Notes article entitled “Implementing the New Crypto Reporting Guidance,” published on November 22, 2021. Brackney analyzes the IRS’s existing verification rules for cash in 26 CFR 1.6050I in consideration of potential new verification rules for digital asset transferring resulting from the
On December 9, 2021, Megan L. Brackney participates in a panel entitled “Ethical Issues in International Tax Practice” at the 2nd Annual IFA USA Winter International Tax Conference. Description: The 2nd Annual IFA USA Winter International Tax Conference is designed to provide a forum and encourage an exchange of views
On December 7, 2021, Megan L. Brackney presents a CLE Program entitled “Preparing for a Tax Controversy: Gearing Up for Increased Tax Audits and Investigations” for the American Law Institute. Description: In an August letter to IRS Commissioner Charles Rettig, members of Congress asked for increased IRS funding to pursue
On November 18, 2021, Megan L. Brackney co-chairs a panel entitled “Update on the Centralized Partnership Audit Rules: Are You and Your Clients Ready?” at the NYU Institute on Federal Taxation. Description: Now that entities taxed as partnerships and their tax advisors have had three years to understand and put
Megan L. Brackney was quoted in a recent CBS News article entitled “What’s Inside The Treasury’s Proposal To Track Nearly All Bank Accounts,” published on October 18, 2021. The article describes a recent Treasury proposal that would require banks to report annual gross in-flows and out-flows of most U.S. bank
