Event Description

This course features experienced tax practitioners explaining the current status of IRS audits, how tax practitioners should manage an audit when a client receives a notice from the IRS, and what entities and transactions are specifically targeted for audit.

Designed For

All tax practitioners advising clients in regard to IRS audits

Objectives

Understand the current state of IRS audits Be able to to present an effective defense against an IRS audit

Major Subjects

Overview of IRS audits How the IRS conducts and concludes an audit Which taxpayers have a greater chance of audit Taxpayer rights during an audit Information document requests Common issues in IRS audits Potential IRS audit outcomes and penalties What happens when a client agrees or disagrees with the IRS’ findings Audit reconsideration and audit appeal

Prerequisites

A working knowledge of individual income tax rules

Instructions

None