Michael Sardar participated in the panel titled "International Tax Enforcement Update" at the Hackensack Performing Arts Center
This year's update reviewed the life-cycle of an international tax controversy, including the most common errors on returns required to be filed by US Persons reporting foreign assets and income and the procedures used by the IRS to determine a liability based on foreign income, deductions, and assets.
Michael Sardar participated in the panel titled "Reports Of Subcommittees On Important Developments" at the ABA Section of Taxation 2018 May Meeting
Important Developments (Civil) – Sara G. Neill and Michelle F. Schwerin, Capes Sokol Goodman Sarachan PC, St. Louis, MO; Important Developments (Criminal) – Evan J. Davis, Hochman Salkin Rettig Toscher & Perez PC, Beverly Hills, CA and Claire Taylor, Colvin & Hallett, Seattle, WA; International Tax Enforcement – Bruce Zagaris, Berliner Corcoran & Rowe LLP, Washington, DC and Joseph M. Erwin, Dallas, TX;
Michael Sardar presented "Handling The Sensitive IRS Audit: Who Gets Penalized And Who Goes To Jail" at the CPA Academy Webinar
Navigating the Internal Revenue Service audit process is already a difficult task. Handling sensitive audits that are likely to uncover significant income underreporting and deficiencies add to these challenges. This session covered strategies for minimizing the risk of such audits and guidance on how to determine when an audit may be turning into a criminal investigation, including the questions to ask and the signs to look out for. Issues of privilege and the right to assert a taxpayer’s 5th Amendment rights were also discussed.
Michael Sardar presented "Unreported Foreign Assets: IRS Enforcement, Consequences & Pathway To Compliance" at the CPA Academy Webinar
This session covered the IRS’s enforcement efforts in the area of unreported foreign assets and the consequences for those taxpayers who maintain unreported foreign accounts. Also covered were the different pathways to compliance for a taxpayer that has previously not complied with his or her foreign asset reporting obligations, such as the IRS’s Offshore Voluntary Disclosure Program. Finally, this session discussed the key issue of whether a taxpayer’s noncompliance was willful or merely negligent and why that matters.
Michael Sardar presented "Offshore Compliance Subcommittee Of The ABA’s Committee On Civil And Criminal Tax Penalties Report" at the 2018 ABA Taxation Section Midyear Meeting in San Diego, CA
This meeting brought together the nation’s leading tax practitioners to discuss current issues, topics and legislation. This two-day meeting offered the resources and information needed on the latest developments, strategies and techniques to represent and meet the needs of your clients and take your practice to the next level.
Michael Sardar quoted in "IRS, State Department Passport Denial Program Set To Roll Out," Bloomberg Law
The IRS and the State Department are preparing to implement 2015 tax law changes that will allow the government to revoke or deny passports to individuals with seriously delinquent tax debt. About 270,000 taxpayers fall into this category.
In the article, Sardar expresses doubt that the changes will promote voluntary tax compliance.
“Taxpayers that don't pay their taxes usually don't do so, not because they don't want to, but because they have an issue. Will it get you compliance, now that there's more pressure points? Perhaps on the margins,” Sardar said. “But there's generally still a lack of ability to pay.”
Michael Sardar presented "The Triple Threat: Tax Penalties, Foreign Asset Reporting Penalties, And The Mighty FBAR Penalty" at the Zicklin Tax Seminar Series
The Executive Taxation Series is offered by the Zicklin School of Business in partnership with the Division of Continuing Professional and Professional Studies at Baruch College. Through this Executive Series, Baruch provided alumni and other members of the tax community with an opportunity to earn up to 24 hours of CPE in taxation.