The IRS's campaign to identify and terminate abusive transactions continues and is expanding to encompass techniques that target middle- and lower-income taxpayers. Mid-size business and individuals are now as likely to be targeted as corporations. This course will update you on the IRS's continued focus on abusive tax shelters and other tax avoidance scams.

Topics covered include:

• Categories of reportable transactions
• Schemes using Roth IRAs to shelter business income
• Abusive S Corporation ESOP arrangements
• Abusive uses of life insurance within retirement plans
• International tax shelter issues
• Federal and state partnership designed to halt abuse
• Summonses for tax shelter information
• Additional wide-spread tax avoidance scams