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The Top 50 Mistakes Practitioners Make & How To Fix Them: Dealing with the IRS
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| Date |
September 20, 2010
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| Location | German American Society, Omaha, NE |
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| Course Time |
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8:30 a.m. to 4:30 p.m. |
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Tax practice and the resolution of tax problems with the IRS can be tedious and outright challenging. This course will show practitioners how to navigate through the confusing IRS system, help them save time and enable them to avail their clients of all the rights to which they are entitled. The techniques and tools this course provides will make tax practice less "taxing."
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| Course Highlights & Objectives |
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Major topics include Collection - Mistakes in handling IRS liens, levies and installment agreements; Statutes of limitation on collection; Audit reconsideration after assessment; Innocent spouse relief; Offers in compromise; Preparing IRS financial statements for clients; Collection due process hearings; and Claims for refund. Examination - Return selection process for examination: how to avoid unnecessary audits; Burden of proof : substantiation and use of oral testimony to substantiate expenses; Setting the scope of examination with the IRS examiner: how to determine what the IRS is looking for; Dealing with IRS correspondence exams; Partnership/S-Corp/LLC audits; Failure to file situations; IRS summonses and enforcement procedures; Statute of limitations issues; Circular 230 guidelines for practice before the IRS; and Tax shelters: avoiding abusive tax shelters and pre-filing notification letters. Appeals - Preparing protests to the IRS 30-day letter; Working and resolving issues with the IRS Appeals Office; and Negotiating settlement agreements and closing agreements. Technical Assistance - Requesting a private letter ruling or technical advice memorandum; Securing IRS §444 elections for S-Corps; and Exempt organization determinations. Penalties and interest - Abating penalties – failure to file, pay, estimate, deposit and others; Avoiding substantial underpayment of tax and valuation misstatement penalties; Avoiding return preparer penalties; Abatement of interest; and Avoiding the filing of frivolous tax returns. Criminal Tax Procedures - Bank Secrecy Act/currency transactions; Referral by revenue agent to criminal investigation process; and Dealing with the IRS special agent.
Find out how to provide the best advice for clients. Gain a better understanding of IRS procedures. Understand how to avoid major mistakes in dealing with the IRS. |
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| Who Should Attend |
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| CPAs who wish to avoid expensive and time-consuming errors when dealing with the IRS. |
| Course Level | Intermediate |
| Prerequisites | Experience in representing or advising clients before the IRS in tax compliance or controversy issues. |
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| Discussion Leader | Stuart Sobel, Surgent McCoy, CPE LLC |
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| Additional Information: |
Parking is available on site and lunch is provided. |
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| Fee |
$230 - Society Member
$260 - Society Nonmember |
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