Shannon Smith Retzke, Partner, Withers Bergman LLP to Speak at TKG's Willfulness and the IRS Disclosure Programs: Are You Compliant? LIVE Webcast

Top Quote The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Shannon Smith Retzke, Partner, Withers Bergman LLP will speak at The Knowledge Group’s webcast entitled: “Willfulness and the IRS Disclosure Programs: Are You Compliant?”. End Quote
  • (1888PressRelease) October 07, 2017 - This event is scheduled for Wednesday, October 11, 2017 @ 3:30 PM to 5:00 PM (ET).

    For more information, you can check the event homepage here: https://www.theknowledgegroup.org/webcasts/tax-accounting-finance/taxation/willfulness-and-the-irs-disclosure-programs

    About Shannon Smith Retzke
    Shannon represents clients in sensitive tax matters, many of which involve negotiations with government agencies. She provides clients with advice on a broad range of tax, trust, estate, and business planning issues. Her work involves planning for wealthy US and international families, with particular emphasis on planning for closely held businesses. Shannon's planning work for clients involves a range of matters, from creating tax-efficient wealth transfer structures to addressing income tax issues arising from investments and operating businesses. She has advised prominent politicians, business people and well known athletes. She is known globally as one of the go-to attorneys for individuals with US tax or reporting issues and has represented clients from over 20 countries in the last year.

    She is an experienced tax controversy attorney who assists clients in resolving high-stakes, complex tax controversies. Her clients include individuals, corporations, and partnerships facing federal or state tax liability. With her extensive income tax planning background coupled with her understanding of the tax controversy process, Shannon develops strategic responses and solutions with a goal to resolve a client’s matter privately at the earliest possible point while securing the best possible settlement.

    In addition to the traditional tax controversies, such as representing clients in an audit, she has extensive experience in advising clients on issues regarding foreign bank account reporting (FBAR) obligations, the Foreign Account Tax Compliance Act (FATCA), and the Internal Revenue Service’s 2009 Offshore Voluntary Disclosure Program, 2011 Offshore Voluntary Disclosure Initiative, 2012 Offshore Voluntary Disclosure Program, 2014 Offshore Voluntary Disclosure Program, Streamlined Filing Procedure and other means of resolving US income and reporting deficiencies. Shannon has represented hundreds of U.S. taxpayers with undisclosed foreign bank accounts.

    About Withers Bergman LLP
    Withers Bergman LLP is an international law firm dedicated to the business, personal and philanthropic interests of high net worth individuals, their families and advisors. For over one hundred years, our firm has provided sophisticated legal advice to successful individuals, from British aristocracy to Wall Street entrepreneurs and senior executives, from privately-held business owners to celebrities, artists and other international figures who achieve substantial earnings.

    Event Synopsis:
    The increasing number of US taxpayers holding foreign accounts over the past years has urged the Internal Revenue Service (IRS) to create programs that will monitor foreign accounts and assets and reduce unreported ones. The IRS Disclosure Programs have been helpful in rectifying foreign reporting negligence made by some US taxpayers.

    Since taxpayers are faced with large number of fines if found guilty of willful non-disclosure, it is important to know whether one is compliant with these programs.

    In this LIVE webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the significant and latest issues surrounding IRS Disclosure Programs. They will provide an in-depth discussion of Offshore Voluntary Disclosure Program (OVDP), Streamlined Disclosure Programs (SDP) and the role of willfulness in disclosing foreign accounts and asset. Speakers will also offer best practices in developing and implementing an effective guide to be compliant with the said programs.

    Key issues that will be covered in this course are:
    -Foreign Account Tax Compliance Act (FATCA) – Overview
    -IRS Disclosure Programs
    -Offshore Voluntary Disclosure Program
    -Streamlined Disclosure Programs
    -What is Willfulness?
    -Recent Cases Involving Willfulness
    -Compliance Guides

    About The Knowledge Group/The Knowledge Congress Live Webcast Series
    The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/

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