Examination of Income
Author: Susan Harper
| 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 12/31/2027 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
What is the # 1 IRS audit issue? Income! $542 billion of the $625 billion net tax gap is attributable to underreporting. Delve into the IRS’s examination of income with Susan Harper, Certified Fraud Examiner, and former IRS Internal Revenue Agent of 34 years to help you both mitigate the chances of an IRS audit, as well as better prepare you for one. With more than 20 years of instructing CPE courses, Susan will deliver an entertaining and informative discussion to address the examination of income. Throughout the course, she will share interesting case scenarios and the consequences.
Publication Date: November 2024
Topics Covered
- Tax Gap Rates
- IRS Audit Rates
- Types of IRS Audits
- IRM 4.10.4
- Mitigation & Preparation for IRS Audit
- Case Studies
Learning Objectives
- Identify the IRS Audit & Tax Gap rates
- Identify the types of IRS audits
- Explain the IRS’s examination of income
- Identify how to mitigate the risk of an IRS audit, as well as prepare for an IRS audit
- Identify the consequences of unreported income
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
