Surgent's Representing a Client in an IRS Audit
Online
3.00 Credits
Member Price $169.00
Non-Member Price $219.00
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
Highlights
- 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
Designed For
Accounting and finance professionals advising clients with respect to an IRS audit
Prerequisites
None
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange “Launch Event” button.
Leader(s):
Leader Bios
Michael Tucker, Surgent McCoy CPE, LLC
MICHAEL J. TUCKER, CPA, MBA, J.D., LL.M., Ph.D. Mike is an employee of Surgent McCoy CPE, LLC. He authors materials and scripts for the monthly Edward Jones sponsored All Star Tax programs. Mike also writes materials for and conducts almost daily webinars on a variety of tax related topics. Mike works in the offices of T. M. Byxbee Company, CPAs, Mike’s duties at T.M. Byxbee Co. involve advising individual and business clients on a wide variety of transactional matters. Mike was formerly a professor of accounting at Quinnipiac University, in Hamden, CT, where he taught graduate and undergraduate law and tax programs. Mike received his J.D. from New York University and his LL.M. from Georgetown University Law Center. He is a CPA and received his Ph.D. from the University of Houston.
Non-Member Price $219.00
Member Price $169.00