The IRS began replenishing its workforce with the additional funding only to have to terminate workers or lay them off due to mandated federal workforce reductions. The IRS trains its audit workforce by examining the tax returns of individuals and small businesses.
DESIGNED FOR
Accounting and Finance Professionals in public practice who prepare tax returns and represent their clients on IRS examinations
BENEFITS
- Understand the IRS process for selecting returns for examination
- Identify the types of returns the IRS is examining
- Understand the hot examination issues that the IRS is focusing on to help clients reduce their exposure to additional tax assessments
- Determine if your client is a victim of tax-related identity theft
- Determine strategies and procedures to resolve examinations with IRS examiners and present your clients’ tax positions in the best light possible
HIGHLIGHTS
- Criteria that the IRS uses to select returns for examination
- Substantiation requirements for travel, charitable contributions, vehicles, meals, virtual currency considerations, and tax-related identity theft
- Understanding worker classification determinations on who is an employee and who is an independent contractor
- Distinguishing S corporation officer’s reasonable compensation issues
- How the IRS holds persons other than an employer liable for unpaid payroll taxes, a.k.a., the trust fund recovery penalty
- Tax-related identity theft procedures
TAKE THEIR WORD FOR IT…
Past attendees say:
- I found the speaker to be very experienced and knowledgeable
- Excellent presentation
PREREQUISITES
Experience in preparing individual and business tax returns
ADVANCE PREPARATION
None
ADDITIONAL NOTES