David Gannaway, Principal, PKF O'Connor Davies, LLP to Speak at The Knowledge Group's Event

NEW YORK - July 9, 2018 - PRLog -- For further details, please visit: https://www.theknowledgegroup.org/webcasts/challenging-foreign-bank-and-financial-accounts-fbar-penalties-practical-guide-in-defending-against-assessments/

About David Gannaway

David Gannaway is a Principal of the firm's Litigation Support Group. With more than 25 years' experience, he has served as both an IRS Special Agent, handling criminal investigations, and a private sector consultant, unraveling complex domestic and international white-collar financial fraud schemes across numerous business sectors, including healthcare, non-profit and financial services, among others. Applying high-level technical expertise, he is recognized for preparing meticulous damage calculations and successfully refuting the computations presented by opposing witnesses. With a widely-respected record of producing impressive and favorable results in criminal and civil trials at both the state and federal levels, Mr. Gannaway is an exceptional client advocate in tax controversies, white-collar criminal investigations, offshore IRS disclosure issues, shareholder disputes and settlement negotiations.

Mr. Gannaway is a frequent speaker at industry conferences and a thought leader in the areas of preventing and detecting fraud, money laundering, civil and criminal income taxes, regulatory compliance, the Foreign Corrupt Practices (FCPA) and Bank Secrecy Acts.

Event Synopsis:

With the Internal Revenue Service's (IRS') continued aggressive enforcement of Foreign Bank Account Report (FBAR) requirement, U.S. taxpayers who are subjected to IRS investigation for unreported foreign bank accounts must carefully decide on and optimize defensive positions against potential FBAR penalties. Because FBAR penalties are governed by Title 31 of the U.S. Code, which deals with money laundering, rather than by the Internal Revenue Code, account holders are provided with the opportunity to challenge penalty assessments under the Administrative Procedure Act (APA). Several aspects of FBAR penalty assessments may be susceptible to APA arguments which the account holder, with the help of an adviser, can take into consideration when deciding on a strategy.

Listen as a panel of distinguished practitioners organized by The Knowledge Group provides the audience with a thorough and practical guide for challenging FBAR penalties. Speakers, among other things, will also offer helpful insights on the applicability of APA to FBAR penalty litigation.

In a LIVE Webcast, the speakers will discuss:

·         Understanding FBAR Penalty Assessment

·         Applicability of APA to FBAR Penalty Assessment

·         When to Bring an Action under APA

·         Strategic Considerations

·         Significant Court Decisions

·         Developing a Defense Strategy

About PKF O'Connor Davies, LLP

PKF O'Connor Davies, LLP is a full-service certified public accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, nine offices in New York, New Jersey, Connecticut and Maryland, and more than 700 professionals, the Firm provides a complete range of accounting, auditing, tax and management advisory services. PKF O'Connor Davies is ranked 29th on Accounting Today's 2018 "Top 100 Firms" list and is recognized as one of the "Top 10 Fastest-Growing Firms." PKF O'Connor Davies is also recognized as a "Leader in Audit and Accounting" and is ranked among the "Top Firms in the Mid-Atlantic," by Accounting Today. In 2018, PKF O'Connor Davies was named by Vault as one of the 50 best accounting employers to work for in North America.

About The Knowledge Group/The Knowledge Congress Live Webcast Series

The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/