Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2024 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
The 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.
Publication Date: June 2021
Designed For
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 Compliance by Notice Strategy
- Common IRS Notices/Tax Problem Categories
- Category #1: Audits/Underreporter Notices
- Category #2: Collection issues
- Category #3: Unfiled returns
- Category #4: Penalties
- Category #5: Account”related notices
- Better post”filing service: 3 tax firm tips
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
- Identify the percent of the tax gap is accounted for by individuals
- Identify the penalty for underreporting
- Recognize which type of audit has an average amount owed of approximately $6,000
- Identify the most common way to pay back taxes
- Recognize which form relates to a Tax Information Authorization
- Identify the first step in getting online client transcripts
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Jim Buttonow
Jim Buttonow, CPA, CITP, has been a leader in helping taxpayers and tax professionals resolve tax problems with the IRS.
For 19 years, Jim worked at the IRS in various compliance enforcement positions. Since 2006, Jim has been in private practice and tax and accounting software development. Jim consulting practice focuses on the areas of tax controversy and tax administration. Jim led product development and marketing for a successful software company that developed tax problem software for tax professionals and has developed and implemented post-filing tax services to large tax providers, such as H&R Block and Jackson Hewitt. This software is currently being used by tens of thousands of tax professionals and businesses in the United States.
Jim has been an IRS partner in improving IRS operations and post-filing service to taxpayers. Jim served as chairperson of the IRS Electronic Tax Administration Advisory Committee (ETAAC) in 2015 and 2016 during which ETAAC played a central role in promoting the IRS digital strategy to develop transformative technology solutions to systemic challenges in tax administration. Jim also served as the North Carolina representative on the IRS’ Taxpayer Advocacy Panel (TAP) from 2020-2022.
Jim regularly speaks on areas of tax administration and problem solving to national associations and has testified before Congress in areas of tax administration. He has also published many articles in industry publications. In his articles, Jim focuses on delivering practical insights, advocating for IRS transparency and efficiency, and proposing innovative large-scale solutions for taxpayers and tax professionals.
Jim currently authors the Tax Problems and Solutions Handbook, a publication aimed at helping tax pros work more effectively in post-filing matters and resolving their clients’ most common tax problems. The book can be found online at TaxProblemsHandbook.com. Jim can be reached at Jim@buttonowcpa.com or at his website at buttonowcpa.com.