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TAXPAYER PENALTIES, PROMOTER PENALTIES AND FRAUD REFERRALS

CPE Processing Fee$20.00
Webinar TranscriptionN/A
Presentation Length Hour(s)1.0 hour
CPE Credits1.0 hour
CE Credits 1.0 hour
Course Id# - HURS9-T-00761-20-S
Subject Area Taxes (Federal Tax)
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJun 19, 2020
Date OfferedJul 01, 2020
Course Description

As the IRS moves toward more collaboration among the operating divisions, taxpayers can expect to see a new focus on issues such as taxpayer penalties, tax preparer and promoter penalties, and even criminal fraud referrals.  This panel of senior IRS personnel will describe the new trends and the tools taxpayers can expect to encounter during their next audit. 

Moderator:

  • Armando Gomez, Partner, Skadden, Arps, Slate, Meagher & Flom


Panelists:


  • James Lee, Deputy Chief, Criminal Investigation, IRS

  • Brendan O’Dell, Promoter Investigations Coordinator, Office of the Deputy Commissioner Services and Enforcement, IRS

  • Damon Rowe, Executive Director,  Fraud Enforcement Office, Small Business and Self-Employed Division, IRS

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Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 00:11:00 minutes
QUESTION 2: 00:30:00 minutes
QUESTION 3: 00:55:00 minutes
Frequently Asked Questions
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James Lee

IRS
Deputy Chief, Criminal Investigation

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Jim oversees's a worldwide staff of approximately 3,000 employees, including 2,100 special agents in 21 Field Offices and 11 foreign countries. He manages, leads and oversees some of the most significant investigations of financial crimes involving tax evasion, sanctions evasion, money laundering, bribery, international corruption, bank malfeasance, cyber-crimes, and terrorist financing

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Armando Gomez concentrates his practice on a broad range of tax controversy matters, as well as transactional and planning situations.

Mr. Gomez represents clients in federal and state tax controversy matters, including in connection with examinations, administrative appeals and special programs designed to reach expedited results, and in litigation before the United States Tax Court and other federal courts. He has advised clients in summons enforcement matters and in criminal tax investigations, and also has acted as special tax counsel in connection with internal investigations on tax-related matters.

Mr. Gomez represents clients in administrative and policy matters before the U.S. Department of the Treasury and the Internal Revenue Service, including commenting on regulations, tax treaties and other tax policy issues, and in connection with applications for private letter rulings and pre-filing agreements.

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Brendan O’Dell

IRS
Promoter Investigations Coordinator, Office of the Deputy Commissioner Services and Enforcement

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In his previous position, O'Dell advised the LB&I Commissioner on strategic issues impacting LB&I and supported the Director of LB&I's Pass‐Through Entities Practice Area.

Prior to joining LB&I, O'Dell was an attorney‐advisor to the Tax Legislative Counsel in the Office of Tax Policy at the Department of the Treasury from 2016‐2019. In the Office of Tax Policy, O'Dell was responsible for IRS procedure and administration issues and was the lead Treasury attorney responsible for the development of the regulations and other guidance implementing the Centralized Partnership Audit Regime enacted in 2015.

Prior to joining the Treasury Department, he spent a number of years in private practice, focusing on tax controversy and tax litigation. O'Dell received his J.D. from Georgetown University Law Center and his B.S. from St. Lawrence University.

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Damon Rowe

IRS
Executive Director, Fraud Enforcement Office, Small Business and Self-Employed Division

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As the Director of the Office of Fraud Enforcement, Damon Rowe provides IRS service wide leadership and guidance related to the development and delivery of major activities in support of IRS’ efforts to detect and deter fraud. This encompasses focusing on unscrupulous activities of taxpayers and professional enablers that undermine our Federal Tax Laws and addressing emerging threats as it relates to fraudulent filings and related activities. In this position, he also acts as the principal advisor and consultant to IRS Division Commissioners and Deputy Commissioners on all issues involving fraud enforcement strategic plans, programs and policy. 

Mr. Rowe began his IRS career in 1998 in Criminal Investigation (CI) as a Special Agent in Los Angeles, CA. Since then he has held positions with increasing responsibility including serving as a Senior Analyst in the Narcotics and Counterterrorism section and a Supervisory Special Agent in the Dallas Field Office (2007 – 2011).  In late 2011, Mr. Rowe was promoted to Assistant Special Agent in Charge for the New Orleans Field Office.  In January 2014, he was promoted to Special Agent in Charge of the Dallas Field Office and subsequently  returned to Los Angeles as the Special Agent in Charge in April 2017.  

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About Our Presenter

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For nearly 85 years, the NYU School of Professional Studies has been a deeply respected institution of higher education that is grounded in applied learning. It has served as a source of empowerment for individuals from NYC, across the country, and around the world, who aspire to become the next generation of leaders and innovators of industry.

Throughout its rich history, NYUSPS has met the needs of the students and the professional communities it serves. From its early years, training returning World War II veterans to fulfill the nation’s urgent need for skilled technical workers, it has evolved into a professional education powerhouse that offers 19 graduate degrees, 13 bachelor’s degrees, four associate’s degrees, and a plethora of non-degree courses and credentials. It is focused on building skills that open doors to opportunities in emerging fields and global markets.