How to Resolve the Most Common IRS Notices (Completed)

Date: Friday, June 25, 2021
Instructor: Jim Buttonow
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

he IRS issues over 220 million notices each year to taxpayers. If a tax client receives an IRS notice, they expect their tax professional to be able to work effectively with the IRS to identify and resolve their issue. There are over a thousand different types of IRS notices – but fortunately, most taxpayers receive many of the same type of notices that require action. This course will identify the most common, actionable IRS notices and the, solutions available to resolve the tax problems related to the notice. The tax pro will also get notice trends based on IRS data as well as best practices to be proactive in resolving IRS notices. In the end, the tax pro will be a more effective and efficient problem solver for their clients, which will lead to higher client retention and a more profitable firm.

Who Should Attend
All tax professionals, licensed and unlicensed, who need to resolve IRS notices, taxpayer problems, and/or have to interact with the IRS on behalf of their clients. Firm leaders who want to have a better strategy to be more efficient and effective in resolving client notices.

Topics Covered

  • IRS notices trends and the IRS' "compliance by notice" enforcement strategy
  • Tax firm trends on how they resolve client IRS notices
  • The most common IRS notices received by your clients and what problems they indicate
  • The five primary tax problem categories, including trends and IRS focus areas
  • Solutions to resolve the most common notices and problems
  • Best practices in resolving notices and tax problems
  • How a firm can be proactive in obtaining and resolving IRS notices and issues

Learning Objectives

  • Recognize notice trends at the IRS, including common reasons your client will receive an IRS notice
  • Identify the potential tax problem(s) and solutions associated with common IRS notices
  • Recognize how to utilize practice tips to reduce the time to resolve IRS notices and get the best outcome for your client
  • Describe how to develop a firm strategy to be more proactive and efficient in resolving client IRS notices

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

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