Navigating the Top 10 IRS Issues for Small Businesses
Author: Susan Harper
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2027 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
What are the Top 10 IRS audit issues a small business may face? Explore the answers to this mystery with Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent of 34 years. This course will explore the Top 10 IRS audit issues to help you both mitigate the chances of an audit, as well as better prepare you for one. With 20 years of instructing CPE courses, Susan will deliver an entertaining and informative discussion to address the Top 10 IRS audit issues. Lastly, throughout the course, she will share interesting case stories involving these very issues and the associated consequences.
Publication Date: February 2024
Topics Covered
- IRS Audit Rates
- Tax Gap Rates
- Types of IRS Audits
- Inflation Reduction Act
- Mitigation & Preparation for IRS Audit
- Case Studies
Learning Objectives
- Recognize the Top 10 IRS audit issues for small businesses
- Identify why the IRS audits these issues
- Identify how to mitigate the risk of an IRS audit, as well as prepare for an IRS audit
- Identify the consequences if an IRS tax deficiency arises involving one of the Top 10 IRS audit issues
- Identify the largest component of the tax gap
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
