IRS Compliance Trends and 10 Actions You Should Take To Help Your Client
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
For years, IRS has experienced declining compliance activity to close the underreporting, underpayment, and non-filing tax gap. With the Inflation Reduction Act funding, the IRS expects compliance activity to go back to its all-time highs that were seen in the 2011 and 2012. In this course, you will get an update on the latest IRS compliance activity and trends and learn how to prepare your firm to get the best outcome and experience for your clients. You will get 10 actions to help prevent and/or resolve IRS compliance issues for your client. Your firm will be in a position to be proactive when helping clients stay compliant with their IRS obligations.
Publication Date: March 2024
Topics Covered
- IRS Compliance Trends: before and after the Inflation Reduction Act of 2022
- IRS compliance enforcement targets and the tax gap
- Proactive v Reactive approach to helping clients with IRS compliance enforcement
- 10 actions you can take to help your clients with preventing and/or resolving IRS compliance enforcement
- Best practices and tips when working with the IRS
Learning Objectives
- Identify the latest IRS compliance enforcement activities, trends and targets
- Identify the impact of the Inflation Reduction Act on current and future IRS enforcement
- Identify 10 actions you can take to help your firm, your tax professionals, and your clients on preventing and resolving IRS compliance enforcement
- Identify best practices and tips to prepare your firm to work effectively with the IRS
- Identify the time allowed to request a first-time abatement
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
