IRS Audits

Description

Internal Revenue Service audits (or "exams" in IRS lingo) are an integral part of the tax compliance landscape. Although statistically few returns are selected for exam each year, this fact tends to be of little comfort to the taxpayer who has won the "audit lottery." While CPAs cannot do much to prevent a client's return from being audited, they can perform a valuable service by assuring that the exam is no more of a burden on the client than is necessary and that the client's rights and interests are adequately safeguarded. Accomplishing this objective begins with a familiarity with the audit process.

Date/Time

Wednesday, May 16, 2018
Registration Time: 8:00am
8:00am – 11:59am

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Course Type

On-line Live Vendors

CPE Credit

4.00 hours CPE credit

Field of Study

Taxation

Level of Knowledge

Advanced

Vendor

AICPA

Prerequisites

Basic knowledge of general proceedings of IRS audits

Advanced Preparation

None

Highlights

 RAR: Revenue Adjustment Report

 Preparing responses

 Accounting for audit adjustments

 Amended state tax returns

 Installment Agreements

 Offers in Compromise

 The Assessment Process

 The Collection Process for seizures and sales of taxpayer property

 The IRS process for seizures and sales of taxpayer property

Objectives

When you complete this course you will be able to:

 Evaluate IRS audit trends and the audit selection process

 Understand the types of IRS audits

 Determine when IRS requests could be challenged

 Become familiar with the timing, scope, and location of various IRS audits

 Understand IRS audit techniques and inquiries and appeal rights

 Manage the information document request process and evaluate the contents of a revenue agent report (RAR)

 Understand how to update/amend related state income tax returns as affected by the Federal RAR

Location

N/A (This is a webcast)
Member Fee $159.00
Non-Member Fee $199.00
Your Price $199.00

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