IRS Representation Fundamentals

$219.00

SKU: 410855

Description

Learn about current IRS enforcement issues and how good representation is important for solving tax issues.
Many tax practitioners are getting more involved in handling and solving client tax problems. Although there are many good resources and options available for compliance and planning, the experience and education of working with IRS problems may be more difficult to locate. The expertise often is found in former agents and attorneys who have worked for the agency. Understanding IRS processes and procedures makes most tax problems easier to solve. This presentation will provide a review of current IRS enforcement issues and topics for individuals and businesses and why having good representation is important to solve tax issues. Each practitioner should be current on policies and priorities for taxpayer compliance and collection, including expected changes in IRS funding, enforcement topics and trends, and examination issues.

Date: 2023-08-25 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to identify IRS problems and issues from common processes and notices with taxpayers.

* You will be able to review IRS policies on compliance and collection matters to assess the alternatives.

* You will be able to discuss strategies for communication and consideration of solutions with IRS agents.

* You will be able to describe timelines and solutions for IRS representation of client issues and settlements.

Summary of IRS Enforcement
• Exam Statistics and Priorities
• Exam Targets and Policies
• Account Notices and Processes
• Collection Responses and Alternatives
• Collection Agents vs. Automated Steps
• Collection Settlement Plans and Offers

Identifying Tax Problems and Representation Issues
• Tax Notices and Account Changes
• Tax Transcripts and Changes
• Tax Resources – Practitioner Priority Hotline and TAO
• Tax Exams – Process and Procedures
• Tax Collection – Process and Procedures
• Problems With Tax Penalties and Relief
• Problems Outside Scope of Representation

Identifying Tax Solutions and Effective Problem Solving
• Tax Compliance Provides Sufficient Data
• Tax Return Has Estimates or Omissions
• Tax Return Should Be Amended
• Tax Timeline for Problem Resolution
• Appeals for Further Review and Risk Analysis
• Tax Court Petition for Assessments

Case Studies and Special Tax Situations
• Non-Filer Taxpayers and Multiple Tax Years
• Foreign Accounts and Unreported Income
• IRS Assessments Without Tax Returns
• Installment Plans and Offers in Compromise
• Statute of Limitations Issues
• Innocent Spouse and Injured Spouse Relief
• Filing Status Options and Benefits

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Thomas M. Kosinski, C.P.A., M.S.T.-Ostrow Reisin Berk & Abrams, Ltd.