CFO Solutions to IRS Problems

Wednesday, December 18, 2024
Webcast or Webinar, Online
11:00AM - 3:00 PM (opens at 10:30AM) EST
4Credits
Technical Business

Registration is Open

Members
$149.00 Regular Price
Non-Members
$209.00 Regular Price

CPE PowerPass Users

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$80.00 Members / $112.00 Non-Members
Course Type: Webcast
Course Code: 24/CX47904
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Taxes

Overview:

Many CPAs are becoming full-time or fractional CFOs for small businesses. In that position, they are the resident expert in finances, cash flow planning, and budgeting. But what about dealing with the IRS? The IRS has broad powers to administer the assessment and collection of taxes. From removing penalties to criminal prosecutions, this presentation focuses on how CFOs can prevent problems with the IRS and how to develop winning strategies if the IRS knocks on the door. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:

After attending this presentation you will be able to...
  • Identify the authority and regulations of the IRS.
  • Develop a plan of action to prepare for an audit.
  • Recognize questionable tax strategies by owners.
  • Develop a plan for unpaid taxes.
  • Recognize possible criminal tax violations.

Major Topics:

The major topics that will be covered in this course include:
  • The authority of IRS in assessing and collecting taxes.
  • The common misconceptions when dealing with IRS.
  • Common questionable actions by business owners.
  • How to prepare for an IRS audit.
  • The seven options in IRS collections.
  • Possible criminal tax violations by CFOs and small business owners.

Major Topics:

The major topics that will be covered in this course include:
  • The authority of IRS in assessing and collecting taxes.
  • The common misconceptions when dealing with IRS.
  • Common questionable actions by business owners.
  • How to prepare for an IRS audit.
  • The seven options in IRS collections.
  • Possible criminal tax violations by CFOs and small business owners.

Designed For:

CFO, controllers, finance professionals, CPAs, and attorneys.

Prerequisites:

A basic understanding of the responsibilities of a CFO.