IRS Practice Series: After SUCCESSFUL Collections or Audits

Author: Eva Rosenberg

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

This course will provide information about the steps to take after you have successfully resolved a collections, offer in compromise or audit issue for your client. This topic is the eighth course in the IRS Practice Series.

Publication Date: August 2016

Designed For
Any proactive, current or prospective, Circular 230 practitioner who understands that the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their clients from IRS' predatory collections action. Tax practitioners who want to prevent the erosion of their client base, as their clients turn to free and cheap tax preparation services online. Tax practitioners who want to develop the skills to prevent and/or resolve IRS collections actions. And tax practitioners who want to grow their business into this rapidly expanding market.

Topics Covered

  • Amending prior returns affected by the settlement
  • Adjustment of tax attributes, closing letters — how to read them, and ensuring you get them, and the importance of ensuring you get them
  • Preparing current year returns based on audit results
  • Amending state tax returns to conform to IRS results
  • Getting liens released

Learning Objectives

  • Identify a list of steps to take after an audit has been successfully resolved, and after a collections battle has been won
  • Recognize the worst result in an audit
  • Differentiate reasons to get a copy of the audit closing letter
  • Identify causes to reduce tax attributes
  • Recognize which tax attributes are only reduced by 33 1/3
  • Identify which form to use when filing an amended return
  • Evaluate the most beneficial way to remove a lien for a client
  • Recognize which form the IRS uses in agreed audit cases
  • Identify which tax attributes are reduced by 100%
  • Recognize ways to get liens released
  • Identify why your client should never sign Form 2504
  • Describe what to do in order to get certain lien or levies released after a successful audit reconsideration
  • Recognize why changes to Medical Expenses will not require amending other years
  • Identify which changes would generally require amending other years
  • Evaluate what is true about cancellation of general personal or business debt
  • Identify which form to use to get a quick refund when you have a net operating loss
  • Evaluate true statements if you elect to waive your right to a net operating loss carryback


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic experience with tax preparation.

Advance Preparation

Registration Options

Regular Fee$49

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