2013-2014 IRS Practice & Procedures Federal Tax Update (Currently Unavailable)

Author: Vern H.

Vern discusses the current cases and rules affecting the tax preparer's relationship with the IRS including the increased IRS follow-up on correspondence, eliminated e-services, and the numerous methods the IRS uses to reconstruct unreported income.

Follow along with Vern's comprehensive PDF manual containing hyperlinks to important rules and regs, included with purchase.

Publication Date: November 2013

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Preparer penalties, Circular 230, ethics and enforcement
• Marveling at the Court throwing out most of the registered tax return preparer program, although we all still need a PTIN
• Planning what to do with the increased IRS follow-up on correspondence
• Warning that some IRS E-services have been eliminated
• Examinations and Taxpayer enforcement - recognizing when identity theft is occurring to our clients
• Discussing the numerous methods the IRS uses to reconstruct unreported income
• Understanding how careful tax preparers must be when releasing client's tax returns and social security numbers to third parties
• Discovering that the IRS is supposed to be backing off of some of their nasty collections practices in this time of financial stress (but many agents haven't gotten the message), and what to do about it when they don't
• Catching up on why making an offer-in-compromise is still unattractive
• Discussing what happened to the very aggressive IRS tactics used against professional tax preparers
• And closing with a recap of the innocent spouse relief provisions

Learning Objectives

• Recognize key tax changes effective in 2012, affecting tax preparers' and taxpayers' relationships with the IRS.
• Identify numerous tax issues and provisions impacting your own, your clients' and/or your employer's relationship with the IRS.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None