IRS Tax Audit Red Flags: How to Prepare and Survive an IRS Audit [Checklist]
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From: $119.00
Date: November 20th, 2024
Time: 1pmET | 12pm CT | 11am MT | 10am PT
Duration: 120 Minutes
Description:
IRS Tax Audits: How to Prepare, Protect Your Clients, and Navigate the Process
Tax audits by the IRS can span throughout the year, creating uncertainty and complications for both taxpayers and tax professionals. If one of your clients receives an audit notice, are you prepared to help them navigate the process effectively?
The IRS conducts audits to ensure that financial records and tax filings are accurate. If you’re selected for an audit, you’ll be notified by mail or phone, with specific details on what areas will be reviewed and which documents you’ll need to provide.
To help you confidently guide your clients through this process, join expert speaker Daniel J. Pilla for an in-depth and informative webinar. Daniel will share insider tips, proven strategies, and practical steps to effectively manage IRS audits and bolster your credibility as a tax professional.
Topics Covered:
How the IRS selects returns for audit
3 Essential steps for managing a face-to-face audit
4 Ground rules to establish with an IRS auditor
What counts as adequate proof for deductions
How to handle the 4 most common unreasonable IRS demands
5 Negotiation strategies to resolve disputes favorably
How to calculate the Assessment Statute Expiration Date
When to sign or decline a collection statute waiver
Steps for reconstructing lost records
Using affidavits to support deductions
The Cohan Rule: How to apply it to your case
Leveraging your client’s testimony to substantiate deductions
Understanding the IRS’s summons power and how to avoid it
How to read and interpret an examination report
Writing a Protest Letter to appeal an audit decision
Critical facts about a Notice of Deficiency
Learning Objectives
Protect your clients’ rights during an IRS audit
Prevent audit abuse and ensure all legitimate deductions are preserved
Position your client to secure the best possible resolution through effective negotiation
Credits and Other information:
Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
Attendance Requirement: Yes
Session Duration: 120 minutes
Who Will Benefit:
CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners
This comprehensive session is designed to equip you with the knowledge and tools necessary to manage audits confidently, protect your clients, and ensure they’re in the best position possible throughout the audit process. Don’t miss out on this opportunity to learn from one of the top experts in the field!
About Our Speaker
Mr. Eric Green is a managing partner in Green & Sklarz LLC, a boutique tax firm with offices in Connecticut and New York. The focus of Attorney Eric L. Green’s practice is civil and criminal taxpayer representation before the Department of Justice Tax Division, Internal Revenue Service and state Departments of Revenue Services.
He is a frequent lecturer on tax topics for many national organizations, including Insightful Accountant, CCH, the NAEA, the NATP, the ABA Tax Section and the Connecticut Society of CPAs. Attorney Green has served as adjunct faculty at the University of Connecticut School of Law. He was the author and lecturer of the CCH IRS Representation Certificate Program, and has served as a columnist for CCH’s Journal of Practice & Procedure. He is the founder of Tax Rep LLC which coaches accountants and attorneys on building their own IRS Representation practices, and is the host of the weekly Tax Rep Network Podcast.
