10 Actions You Must Take in an IRS Field Audit (Completed)

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IRS field audits are rare, and are the most complex and time-consuming form of compliance enforcement and IRS interaction. For taxpayers, the costs and stress can be significant. For these reasons and more, field audits should only be handled by a qualified, licensed tax professional. In this course, you will understand the field audit process and get practical action items that you can use to effectively represent your client before the IRS revenue agent. You will also get trends in IRS audit compliance activity and best practices in handling the complexities of a field audit.

Topics Covered

• IRS Field audit trends and terminology
• The 4 phases of an IRS field audit
• The scope of an IRS field audit
• Common issues in a field audit
• 10 actions you should take to improve field audit outcomes
• Best practices and tips on handling an IRS field audit

Learning Objectives

• Obtain an update on recent IRS audit trends and activity
• Understand the 4 phases of an IRS audit and important activities that occur at each phase
• Be prepared for an audit by understanding the scope of an IRS field audit and common issues that arise in a field audit
• Use 10 actions and best practices to improve your client's outcomes in a field audit

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None