Surviving an IRS Audit Including Practice before the U.S. Tax Court
CPE Credit: 4 hours
This 4-hour webcast will provide attendees with tips and techniques when representing a client who is about to undergo an IRS audit of their various tax returns.
Topics Covered
- Overview with respect to dealing with the IRS
- IRS audit methodology and techniques
- What is practice before the IRS?
- Who can practice before the IRS?
- Engagement initiation and planning
- Engagement agreement when representing clients before IRS
- Rules of practice
- Return scoring
- Documentation backup and what might be requested
- Questionable treatment of reported information
- Taxpayer's Bill of Rights
- IRS practice procedures
- IRS's authority to audit returns
- IRS's summons authority
- Types of audits
- Audit reconsideration
- Audit strategies
- Appealing IRS decisions
- What is a POA?
- Offer in compromise
- Tax professionals' audit practice management
- Tax Cuts and Jobs Act of 2017 ramifications
Learning Objectives:
- Provide the tax practitioner with practical information to assist clients with surviving the dreaded IRS audit
- Provide the tax practitioner with information for the give and take of the IRS audit
- Provide the tax practitioner with various strategies for handling the IRS audit
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