Navigating through IRS 7216 Consent Disclosure Requirements with KMK Ventures

Overview

Internal Revenue Code (IRC) Section (§) 7216 regulates the use and disclosure of tax return information by preparers. To date, no CPA or tax return preparer has been prosecuted under § 7216 and we hope this Members-Only Webinar helps keep it that way! 

SMEs from KMK Ventures will help you navigate the complexities of staying compliant with §7216 disclosure requirements, particularly when offshoring. They will guide you through the essential steps to ensure your offshore operations adhere to IRS regulations.

Topics being covered include: 
• An overview of IRC §7216 consent and disclosure requirements. 
• Strategies for implementing compliance processes and overcoming challenges. 
• Establishment of policies around ongoing adherence to IRC regulations.

The knowledge shared and options presented may be your “stay out of jail” card in the game of life. 

Tune in to earn one free hour of CPE (as a benefit of your FICPA membership).  

Sponsored by KMK Ventures US Inc.

Event Speakers

Dev Kothari
Managing Director

Dev embodies the entrepreneurial spirit that fuels our success. His visionary leadership has been instrumental in shaping KMK's journey from inception to a thriving enterprise. 
Dev's passion for innovation and commitment to delivering excellence have been driving forces in our company's growth. With a deep understanding of the industry and a flair for creative marketing strategies, he continues to chart a course for KMK's future success, ensuring that our brand remains at the forefront of our market.  If you are looking to talk about sports, you have found Dev! He has been a state level table tennis champion for over 6 years and played national level table tennis multiple times. He is a CPA from the State of Arizona and a CA. He also holds a degree of B.Com.

Bert Wilson 
Client Success Manager 

Bert occupies a pivotal role as our U.S. representative and client success manager, specializing in U.S. tax and accounting services and playing a crucial part in our organizational framework. Bert is passionate about helping businesses and individuals navigate the complexities of tax regulations and accounting processes. His expertise spans areas such as tax compliance, financial reporting, and outsourced accounting solutions. Committed to continuous growth, Bert pursued higher education, earning a Master’s degree in accounting and obtaining his C.P.A. license from the state of Colorado. Bert is dedicated to ensuring that client expectations are not only met but exceeded. Bert prides himself on building strong relationships with his clients, ensuring their unique needs are met with tailored solutions that simplify financial management. Known for his proactive approach, Bert consistently goes above and beyond to ensure his clients achieve their financial goals. Also, serving as a vital link between our clients and the India team, Bert ensures seamless communication and collaboration for our clients. He embodies versatility, being both an early riser and a night owl and harbors a deep affection for a myriad of outdoor sports. 

Richard Stumm 
Business Development Manager 

Richard Stumm, C.P.A., of Wellington, Florida, is a highly skilled accounting, finance, and sales professional renowned for his expertise in cash management, financial statement analysis, and team leadership. Currently serving as Business Development Manager with us, Richard has a proven track record of helping businesses streamline their financial processes through strategic offshoring partnerships. He excels in identifying client needs, offering customized solutions, and building long-lasting relationships. Richard’s in-depth knowledge of U.S. tax regulations and outsourced services enables him to guide clients toward greater efficiency and cost savings. Richard holds dual degrees from S.U.N.Y Stony Brook and S.U.N.Y Old Westbury, complemented by C.P.A. certifications in Florida and New York and proficiency in leading financial software tools.




 

Highlights

• An overview of IRC §7216 consent and disclosure requirements. 
• Strategies for implementing compliance processes and overcoming challenges. 
• Establishment of policies around ongoing adherence to IRC regulations.

Prerequisites

None

Designed For

Objectives

Ensure your offshore operations adhere to IRS regulations.

Preparation

None

Notice

FICPA Webinars are presented virtually. 
 
Our Webinars include a live presentation with speaker audio, video and PowerPoint presentation.  Attendees can ask questions. The presenter(s) will repeat questions to share with all attendees and answer questions as time allows. Individuals can also reach out to the presenter directly via email after the event.
 
For more information feel free to call the FICPA Member Service Center at 800-342-3197.