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Course/Product Description
Title:

Tips For Handling IRS Field Audits

SKU:WC-1018029
Date / Time: Recorded
Format: Webinar
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Description:

Tips For Handling IRS Field Audits

The IRS says their number of face-to-face audits have increased by 56 percent. The IRS generally reserves face-to-face individual audits for businesses and the most affluent individuals.

Football teams do not go to the Super Bowl without a plan. You shouldn't go to an audit without learning IRS audit procedures from a former IRS Revenue Agent, Manager, and Training Coordinator.

An IRS field audit located at the taxpayer's business or representative's office can be a long, time-consuming, expensive, and cumbersome event for a taxpayer whether an individual or business. Up front planning and organizing of records hopefully will result in presenting a good image to the Revenue Agent which usually results in the Agent limiting the scope and depth of their audit.

Agenda

It's Not Possible to Over Plan

  • Meet With Client
  • Initial Information Document Requests (IDRs)
  • Review Records
  • Develop a Strategy
  • Research Potential Legal Issues in Advance
Size-Up the Agent
  • Education and Authority of IRS Agent
  • Know the Taxpayer's Rights
  • Read and Enforce the Internal Revenue Manual
Follow "Your Plan"
  • Discuss Agent's Plan and Time Line
  • Be Aware of Client's Records, Business Procedures, and Facts
  • Presentation of Records
  • Subsequent IDRs - Clarify Agent's Request
  • Schedule Meetings and Regularly Agree on Status
Actions Which Are Negotiable
  • Location of the Audit
  • Interviewing the Taxpayer
  • Tour of the Business
  • Third-Party Interviews
  • Summons of Records
Options When You Disagree With Agent's Findings
  • Agree, Disagree, Ignore
  • Meet With Manager
  • Request the Fast Tract Settlement Program
  • Make a Formal Appeal Request
About The Presenters

Greta P. Hicks, CPA
  • Former IRS Revenue agent and regional training coordinator
  • After a stint as tax manager for Ernst & Young, Greta started her own business and for 34 years her CPA practice has been limited to representing persons who have IRS problems
  • Wrote, "IRS Examination and Appeals Procedures" on www.CCH.com as well as, pilot tester of on-line continuing education courses for Thomson-Reuters
  • Wrote a number of continuing education courses on IRS practice and procedures and has articles regularly published in professional as well as trade magazines
  • Has traveled the U.S. and taught tax update seminars as well as various “Inside the IRS” topics
  • Currently active on the Texas Society of CPAs’ IRS Relations Committee and is former coordinator of Houston’s IRS/Practitioner Study Group
  • Serves on the Editorial Board of the Texas Society of CPAs and is tax editor of Today’s CPA


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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