Top 50 Mistakes Practitioners Make: Dealing with the IRS Part I (Completed)

Tax practice and the resolution of tax problems with the Internal Revenue Service can be tedious and challenging. This course will show practitioners how to navigate through the confusing IRS system, help them save time, and enable them to avail their clients of all the rights to which they are entitled.

Who Should Attend
Practitioners who wish to avoid expensive and time-consuming errors when dealing with the Internal Revenue Service

Topics Covered

• Mistakes in handling IRS liens, levies, and installment agreements
• Statutes of limitation on collection
• Audit reconsideration after assessment and offers in compromise
• Innocent spouse relief
• Preparing IRS financial statements for clients
• Collection due process hearings
• Claims for refund and examination
• Return selection process for examination: how to avoid unnecessary audits
• Substantiation and use of oral testimony to substantiate expenses
• Setting the scope of examination with the IRS examiner: how to determine what the IRS is looking for
• Dealing with IRS correspondence exams
• Partnership/S corporation/LLC audits
• Failure to file situations
• IRS summonses and enforcement procedures and Statute of limitations issues
• Circular 230 guidelines for practice before the Internal Revenue Service; Avoiding abusive tax shelters and pre-filing notification letters

Learning Objectives

• Gain a better understanding of IRS procedures
• Understand how to avoid major mistakes in dealing with the Internal Revenue Service
• Find out how to provide the best advice for clients

Level
Intermediate

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None