Surgent's Representing a Client in an IRS Audit
Wednesday, January 22, 2025
Webcast or Webinar, Online
11:00AM - 2:00 PM (opens at 10:30AM) EST
3Credits
Technical Business
Registration is Open
Members
$169.00 Regular Price
Non-Members
$214.00 Regular Price
CPE PowerPass Users
Click the "Apply PowerPass" button to use your PowerPass for the applicable course below.
$60.00 Members / $84.00 Non-Members
Don't have a CPE PowerPass? Click
here to find out more about the CPE PowerPass program.
Course Type: Webcast
Course Code: 24/SURCA375
Level: Basic
Vendor: Surgent
Field of Study: Taxes
Overview:
Recent legislation in Congress has provided the IRS with substantially increased funding to bolster its human staff and purchase software that will allow the IRS to audit many more taxpayers in a more effective way. The IRS believes it can target the right kinds of taxpayers for audits so that it will not waste its time on audits that produce little, if any, revenue. The purpose of this program is to discuss the current state of IRS audits and the anticipated increases in the IRS's ability to audit wealthier taxpayers in an efficient way. Panelists will discuss the state of the IRS's current audits and where the IRS is headed with audits in the coming years. Tax practitioners should also be aware of the state of the IRS's efforts to target efficiencies so as to produce the most revenue.Objectives:
- Thoroughly understand the current state of IRS audits
- Advise clients regarding anticipated changes in upcoming IRS audits
Major Topics:
- Substantially increased IRS funding provided by the Inflation Reduction Act
- IRS test program in 2024 to determine if it should prepare tax returns
- Using improved data and analytics to tailor timely collections contacts
- Auditing large corporations and partnerships
- Audits of high income and high net worth individuals
- Information Document Requests
- What happens when a client agrees or disagrees with the IRS’s audit findings
- The Dirty Dozen: roadmap to IRS audit issues
Major Topics:
- Substantially increased IRS funding provided by the Inflation Reduction Act
- IRS test program in 2024 to determine if it should prepare tax returns
- Using improved data and analytics to tailor timely collections contacts
- Auditing large corporations and partnerships
- Audits of high income and high net worth individuals
- Information Document Requests
- What happens when a client agrees or disagrees with the IRS’s audit findings
- The Dirty Dozen: roadmap to IRS audit issues