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Webinar (WA): IRS Tax Examinations and Hot Issues

Description

Due to IRS issue focused examinations, CPAs need to understand what types of returns are selected for examination and ways to help clients survive an IRS audit with little or no change. As a result of issue focused examinations, CPAs must understand what the high audit risk area issues are and what the IRS is focusing on when a return is examined. In addition, because tax-related identity theft is a common issue for many taxpayers, it is critical for CPAs to understand the procedures necessary to resolve this matter for their clients.

Learning Objectives

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 and the procedures to use to resolve strategies for dealing with IRS examiners and presenting your clients’ tax positions in the best light possible.

Major Topics

Criteria that the IRS uses to select returns for examination, Vehicles, meals, virtual currency, and fringe benefit considerations, Worker classification determinations on who is an employee and who is an independent contractor, S corporation officer’s reasonable compensation issues, Responsibilities to pay the employment taxes when the business defaults, Tax-related identity theft procedures

Provider
Washington Society Of CPAs
Course Level
Intemediate
CPE Field of Study
Taxes
4
Who Should Attend

CPAs in public practice who prepare tax returns and represent their clients on IRS examinations

Instructor(s)
Deborah Phillips
Prerequisites

Experience in preparing individual and business tax returns

Advanced Preparation

None

Location
Webinar
Event Information
When
Nov 16, 2022
1:00 pm - 4:30 pm MST
Location
Webinar
Total CPE Credits
4
Format
Webinar

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$ (% off)
$185.00

NON-MEMBER


$ (% off)
$264.00
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Webinar (WA): IRS Tax Examinations and Hot Issues


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