Vern Hoven was one of the principal instructors at the Indiana CPA Society’s Vern Hoven Two Day Federal Tax Update on November 9th and 10thin Indianapolis.  Vern has been a leading instructor for the past 20 years.  Tom and Rick found Vern Hoven to be a walking encyclopedia on CPA tax issues. He’s “the teacher” to the experts.  He is also the author of The Real Estate Investor’s Tax Guide: What Every Investor needs to Know to Maximize Profits (3rd edition).  Vern has been instructing CPA’s throughout Indiana with Indiana CPA Society seminars in Indianapolis, Carmel, Evansville, South Bend, and Fort Wayne.

Vern stated IRS audits will increase:  be prepared.  To be prepared Vern emphasized that it is important for CPA’s to involve attorneys early in the IRS audit process.  The IRS is playing hardball and he believes that CPA’s should not be waiting to see how the audit comes out.  Vern stated that attorneys should be involved at the beginning of an audit because once it is completed, it is too late. The same is true when there are Trust Fund payment issues, tax money that the employer is by law required to pay on employee’s wages.

Which makes more sense?  Calling Batman on the Bat phone when the Joker first arrives in town or after the Joker has been running all over town? You would immediately call Batman, right? Our experience also is that the earlier an attorney is involved in tax matters, the greater the opportunity for a more favorable outcome for a client.  That is how CPA’s can be a Superhero to their clients, bringing in an attorney to work as a team on the client’s tax issues.  A good team includes CPA’s, attorneys, and great clients working together on tax issues. It can make an important difference.  That’s why we encourage CPA’s to become Superheros to their clients!

Ebbinghouse Law Group was proud to be a Gold Sponsor at the Indiana CPA Society’s Two Day Federal Tax Update.