Advanced IRS Examinations: What the IRS Will Look at and Why? (Completed)

Date: Tuesday, August 9, 2022
Instructor: Eric L Green
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Handle Complex IRS Audits and Aggressive Auditors
With less staff and more priorities than ever before, the IRS is pressed to do exams that show the potential to have significant results. This two-hour CPE webinar with Attorney Eric Green will bring you up to speed on the latest statistics, and what the IRS looks at when it focuses on certain businesses, including cash-based businesses and Schedule C exams. IRS exams are getting more complex and auditors are coming armed with a range of tools to ensure an assessment results. In addition to discussing IRS issues, Mr. Green will discuss what to do when the client’s records may not be as stellar as you would otherwise like, and what you can and cannot do about it. Incomplete records don't mean the case is hopeless but it does mean you'll need to do extra work and have a story that meets IRS standards and precedents from Tax Court and Appeals.

Who Should Attend
All CPAs, EAs, and attorneys who represent clients on audit.

Topics Covered

  • IRS exams--latest data and trends
  • Which taxpayers are being targeted by the IRS?
  • Cash-based businesses
  • Schedule C filers--specific items that can face audit challenge
  • Working with the IRS staff
  • Appeals process when the exam goes poorly

Learning Objectives

  • Recognize how to plan for IRS exams of small business clients
  • Identify the latest IRS trends in audits
  • Recognize how to prepare for an audit with records that are incomplete

Level
Advanced

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Experience with federal income taxation of individuals and small businesses and IRS exam procedures.

Advance Preparation
None

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