Ins and Outs of an IRS Audit (OnDemand Webinar)

$219.00

SKU: 406812EAU

Description

Learn how to properly manage an IRS audit and minimize any potential tax and penalty exposure.After a long decline in funding, the Internal Revenue Service (IRS) has received additional funding targeted to enforcement. The IRS has also partnered with advanced technology companies to more easily identify individuals and businesses to audit. Many businesses and individuals are unprepared for a potential IRS audit and, even when contacted regarding an IRS audit, are harming their position by not properly preparing for the audit. This material will help inhouse tax professionals, external advisors, and business owners understand the significant risk factors associated with an IRS audit. The material explains how an IRS audit can begin, the types of information the IRS may request, how to address errors identified during an audit, and the natural points were an audit can be resolved. Failure of taxpayers to properly appreciate and proactively address an IRS audit can result in significant civil (and potentially criminal) tax penalties. This information is critical for taxpayers and their representatives.

Date: 2019-08-30 Start Time: End Time:

Learning Objectives

IRS Audit Selection and How to Prepare
• Audit Triggers and Types of Audits
• Hot Areas for IRS Audits and Enforcement
• Preparing for an IRS Audit

Defending the Audit
• IRS Information Gathering Techniques and How to Respond
• Correcting Errors and Voluntary Disclosure
• The Role and Best Use of Tax Professionals

Resolving the Audit and Disputing the Results
• Methods to Resolve the Case During Audit
• Dealing With Civil Penalties
• Dealing With Unresolved Audit Adjustments

CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

T. Joshua Wu-Clark Hill Strasburger