- Credits: 4
- Format: Self-Study Video
- Field of Study: Federal Tax Update
- Author/Speaker: Sheldon Clark, CPA, CIA
|Course ID:||Advanced Preparation:||Experience Level:|
|EWTFM-T-01765-21-S | 6233-CE-0489||None||Overview|
|Published Date:||Program Prerequisites:||Other Course Formats:|
|© March 2021||General Understanding of Taxation||Self-Study Audio | OnDemand Webinar | Live Webinar|
This 4-hour webcast will provide attendees with tips and techniques when representing a client who is about to undergo an IRS audit of their various tax returns.
- Overview concerning dealing with the IRS
- IRS audit methodology and techniques
- What is practice before the IRS?
- Who can practice before the IRS?
- Engagement initiation and planning
- Engagement agreement when representing clients before IRS
- Rules of practice
- Return scoring
- Documentation backup and what might be requested
- Questionable treatment of reported information
- Taxpayer's Bill of Rights
- IRS practice procedures
- IRS's authority to audit returns
- IRS's summons authority
- Types of audits
- Audit reconsideration
- Audit strategies
- Appealing IRS decisions
- Taxpayer’s safeguards at an examination
- What is a POA?
- Offer in compromise
- Tax professionals' audit practice management
- Recent tax legislation ramifications
- Various related topics
After reading the course material, you will be able to:
- Provide the tax practitioner with practical information to assist clients with surviving the dreaded IRS audit.
- Provide the tax practitioner with information for the give and take of the IRS audit.
- Provide the tax practitioner with various strategies for handling the IRS audit.
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Tax Return Preparers (TRPs)