Emphasis on current issues, planning, and strategy keeps participants interested all day. Participants will learn how to avoid penalties, how to use IRS “Frequently Asked Questions” to answer tough questions relating to new laws and how to plan with regulations. It will include other guidance issued on recently passed legislation and much more.
Participants will be able to:
• Understand and work with tax law changes
• Analyze court decisions, IRS Notices, revenue rulings, and revenue procedures for application to clients’ tax planning and compliance
• Be aware of IRS audit issues
• Assess pending legislation
• Anticipate and create opportunities for tax reduction
• Avoid penalties IRC Sec. 6662 imposes on careless taxpayers
Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation.He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases.Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign.Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.close
Loscalzo Associates, Ltd.