Navigating the Top 10 IRS Issues for Small Businesses (Completed)
Registration closed on March 14, 2025 at 8:45am Pacific Time
Date: Friday, March 14, 2025
Instructor: Susan Harper
| 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 |
|
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 webinar 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 presentation, she will share interesting case stories involving these very issues and the associated consequences.
Topics Covered
- Fact of Fiction – IRS Audit Rates
- Fact of Fiction – Tax Gap Rates
- Types of Audits – Field, Office, Correspondence
- Top 10 IRS Audit Issues
- 1. Unreported Income
- 2. IRC 183 Hobby Loss
- 3. S Corp Reasonable Compensation
- 4. Losses > Basis
- 5. Construction Industry
- 6. Employee vs. Independent Contractor
- 7. Form 1099-K
- 8. Form 1099 Noncompliance
- 9. IRS “Package Audit”
- 10. Penalties
- 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
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
