Audits A-Z Practices and Procedures for Audit Representation (Completed)

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Whether you're trying to help a few clients with some simple audits or expanding to provide audit services to tax colleagues and their clients this course will be a valuable resource to improve your audit skills. We'll review and detail helpful processes for corresponding with auditors, timing of the audit, limiting your clients audit exposure and more. Learn tips for advocating for your client in an audit and defending the issues they've been challenged on. We'll also cover follow up options such as audit appeal and audit reconsideration.

Who Should Attend
Tax practitioners offering audit services.

Topics Covered

• Audit engagement letters
• Providing audit services to tax colleagues
• Audit correspondence and timing of the audit
• Defending the taxpayer's position on income and expenses and lack of records
• When to offer an auditor revised numbers to resolve an issue at audit
• Determining how the client got the audit, and if the IRS plans to extend the audit
• Audit waivers of time requested by the auditor
• Audit Appeal
• Audit Reconsideration

Learning Objectives

• Develop strong procedures for beginning an audit representation
• Comfortably correspond with the auditor and establish favorable contact on friendly terms
• Advocate for your client's position in an audit and defend their less than perfect records
• Determine the audit areas for concern before you meet with the auditor
• Understand the taxpayer's options for audit appeal and audit reconsideration

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None