The New Tax Return Preparer Penalties: Impacts on Lawyers, CPAs and Professional Service Organizations

October 2, 2008
Hot Topics in Federal Taxation
Kravis CenterWest Palm Beach, Florida

Fox Rothschild LLP recently presented a seminar entitled "Hot Topics in Federal Taxation." Partners Joseph J. Kulunas, Eugene F. Pollingue, Jr., and senior counsel, Guy B. Maxfield participated in the event, which was held on October 2, 2008, at the Kravis Center in West Palm Beach, Florida.

The seminar addressed new tax preparer penalty rules and newly released proposed regulations, as well as enhanced enforcement procedures and guidelines under Circular 230. More than 50 tax lawyers, tax practitioners and risks managers from a variety of law and accounting firms attended the program.

Maxfield presented "The New Tax Return Preparer Penalties: Impacts on Lawyers, CPAs and Professional Service Organizations," which included an analysis of new proposed regulations and conflicts generated with client interests over the enhanced "more likely than not" standard. He also presented "Circular 230 Enforcement Action Against Lawyers, Accountants and Appraisers," which discussed the Office of Professional Responsibility and the new tax return preparer penalty revisions.

Maxfield, Kulunas and Pollingue presented "Recent Developments in Federal Estate & Gift Tax." This segment discussed the impact on estate and gift tax issues with respect to the latest legislative cases.

About the Presenters

Kulunas is a board-certified estate planning and probate lawyer. He has published a number of professional articles in estate planning and taxation and has spoken before numerous professional organizations in these areas.

Pollingue’s practice focuses on tax and estates law. He has significant experience in estate planning, probate, tax planning for commercial transactions and tax litigation. A board-certified tax attorney, Pollingue is also a Certified Public Accountant.

Maxfield, a professor emeritus of NYU School of Law, has a national reputation in income taxation as well as estate and gift taxation. He has had substantial experience planning estates for individuals with sizable assets and also advises owners of private corporations on tax matters.

Kulunas, Pollingue and Maxfield all practice out of the firm’s West Palm Beach office.

Learn more about Fox Rothschild LLP.