By the Numbers Update on IRS Compliance Enforcement Initiatives
Author: Jim Buttonow
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
IRS and tax industry data shows the IRS and the tax ecosystem have experienced much change over the past decade. IRS data shows that more of our clients must interact with the IRS outside of filing a tax return. Many need information from the IRS about their situation and many are subject to IRS compliance enforcement initiatives. In this course, you will get the latest IRS data on how taxpayers and tax professionals are working with the IRS and the issues that they are experiencing. We will take a close look at the tax gap and IRS initiatives to reduce non-compliance. You will also get best practices and discover tips to put your and your firm in a position to help your clients all year long.
Publication Date: March 2024
Topics Covered
- The IRS and the tax gap
- Trends and insights on IRS compliance enforcement initiatives
- Growing use of IRS digital solutions
- Proactive client account and notice monitoring
- 5 essential post-filing knowledge fundamentals for every tax pro in your firm
Learning Objectives
- Recognize important IRS and tax trends affecting our firms and our clients from IRS data and various tax reports
- Identify the important components and factors in the tax gap and how it drives IRS compliance enforcement initiatives
- Identify current IRS enforcement initiatives in audits, CP2000 underreporting notices, non-filer investigations, penalties, and collection
- Identify steps your firm can take to be proactive in helping your clients with potential post-filing issues
- Identify the amount per year that the IRS loses to noncompliance
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
