TAX2519. Examination of Wealthy HNW/UHNW Individuals and Their Family Offices

The IRS has billions of dollars in supplemental long-term funding to modernize and implement an array of new and expanded enforcement programs significantly focused on HNW and UHNW individuals and their related entities. In this regard, the IRS has committed considerable effort in using advanced data and analytics to identify noncompliant taxpayers and has moved forward building out specialized examination teams. Be prepared – effective representation techniques and strategies when representing HNW/UNHW individuals and their Family Offices from the former IRS Commissioner and the former Counselor to the IRS Commissioner.

Learning Objectives:

• Overview of current IRS Global High Wealth Program and LB&I or SBSE High Income Initiative enforcement priorities.
• Practical advice in representation of HNW and UHNW individuals and their related entities during an IRS examination or administrative appeal
• Understanding the significance of an IRS Global High Wealth Program specialized examination vs. a LB&I or SBSE High Income Initiative examination
• Effective dispute resolution techniques and strategies