Successfully Dealing with the IRS Self-Study Webinar
Overview
When dealing with the IRS, it’s not enough to be technically proficient and up-to-date on tax laws, regulations, rulings and court decisions. It’s also important to understand the inner workings of the IRS, which has gone through massive changes—especially pertaining to the passage of the One Big Beautiful Bill Act (OBBBA). As a result, tax CPAs and financial professionals need to understand the impact of these changes and be prepared to effectively manage an IRS audit. Through this insightful self-study webinar, you’ll benefit from:
- Getting updated on the current IRS environment
- Understanding the effects of the One Big Beautiful Bill Act (OBBBA)
- Discussing the background and best practices for ANY IRS audit
- A description of the three phases of an IRS audit
- A review of the hot issues for both individuals and corporate tax returns
This course qualifies for IRS Continuing Education Credit.
Objective
To provide CPAs and other tax professionals with an overview of the IRS audit process, the impact of the OBBBA, and practical suggestions for managing the IRS audit.
DETAILED LEARNING OBJECTIVES
• Identify the number of external hires made by the IRS in 2024
• Recognize the percentage of the IRS workforce eligible to retire within six years
• Recall which audit areas have seen increased emphasis in corporate audits
• Understand which law extended provisions of the 2017 TCJA including the SALT deduction cap
• Determine which IRS division audits individual Forms 1040
• Recall the general statute of limitations for IRS audits under IRC §6501
• Identify the audit type conducted entirely by mail
• Recognize components of the IRS audit selection process
• Understand who bears the burden of proof in civil IRS audit cases
• Identify recommended best practices during an IRS audit
• Determine which IRS division typically audits small businesses with assets under $10 million
• Recognize common frustrations in correspondence audits
• Recall the form used to request help from the Taxpayer Advocate Service
• Identify the program that replaced the Coordinated Industry Case (CIC) program for large taxpayers
• Recall the time allowed to file a petition in U.S. Tax Court after receiving a statutory notice of deficiency
Emphasis
- The Current State of the IRS
- OBBBA Tax Cut Extensions & Modifications
- Audit Selection Process
- Best Practices for IRS Audits
- Individual & Small Business Returns
- Correspondence Audits
- Utilizing the Taxpayer Advocate Service (TAS)
- Audits of Large Business & International Tax Returns
– Taxpayer expectations
– Procedural changes
– LB&I execution phase - Resolving an Audit
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