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

The audit process doesn't end with successful collections or OIC. During this course, you'll learn more about the complexities of closing letters, lien release, adjustment of tax attributes, and amending prior federal and state returns.

Publication Date: July 2021

Designed For
Any proactive, current or prospective, Circular 230 practitioner who wants to know more about the follow-up steps they should be taking with current tax returns, and state tax returns, after resolving an audit or collections case.

Topics Covered

  • The end of the audit
  • Closing letters — how to read them, and ensuring you get them, and the importance of ensuring you get them
  • Adjustment of tax attributes
  • Amending prior IRS and State returns affected by the settlement
  • Preparing current year returns based on audit results
  • Successful Collections — OIC or IA
  • Getting liens released

Learning Objectives

  • Identify and apply a list of steps to take after an audit has been successfully resolved, and after a collections battle has been won
  • Recognize which form to use to file an amended return
  • Identify tax attributes are only reductions
  • Describe the most beneficial way to remove a lien for the client
  • Recognize the worst result in an audit
  • Differentiate reasons to get a copy of the audit closing letter
  • Identify what would not cause you to have a reduction in tax attributes
  • Recognize which lien release removes the lien from the taxpayer's credit soonest
  • Recognize what you need in order to get certain liens or levies released, after a successful audit reconsideration
  • Recognize which change would generally require amending other years
  • Describe true statements 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 for certain Farming Losses on the current year's tax return
  • Identify true statements for once you elect to waive your right to a net operating loss carryback
  • Describe which changes will require additional state reporting


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic experience with tax preparation.

Advance Preparation

Registration Options
Regular Fee $62.00

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