IRS Examinations of Cash Businesses
Author: Eric L Green
| 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 12/31/2028 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
In this two-hour CPE course with highly regarded tax controversy expert Eric L. Green, Esq., of Green & Sklarz, LLC, you will receive an in-depth review of the current IRS focus, including which industries have seen the most activity and the techniques being employed by the IRS examiners.
Publication Date: April 2025
Designed For
CPAs, EAs, tax preparers who work with cash-based business clients.
Topics Covered
- Preparer considerations
- Hot button issues
- Issues to consider when preparing returns
- IRS focus on cash businesses
- IRS audit techniques for cash businesses
- Considerations for appealing the exam
Learning Objectives
- Recognize the potential areas subject to audit when a client is a cash-based business
- Identify how to prepare for an IRS audit of a cash-based business
- Identify a hot button issue related to expenses
- Identify the safe harbor amount per square foot for the home office standard deduction
- Identify the question that should be asked with respect to a taxpayer's Schedule A, with respect to IRS pre-contact planning
- Identify the tool or procedure the IRS will commonly use during an examination of a cash business
- Identify the general equation used to determine net worth
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
Basic understanding of federal income taxation of individuals and businesses.
Advance Preparation
None
