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IRS Audits: A Step-by-Step Guide

Selection Process, IRS Targets, Examination Types, IDR Requests, Audit Process, Appeals, Collections

Note: CLE credit is not offered on this program

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Monday, August 19, 2024

Recorded event now available

or call 1-800-926-7926

This webinar will walk tax advisers through an IRS examination from its beginnings to its resolution. Our knowledgeable tax attorney will explain the best steps, from receipt of the IRS letter to handling the audit and potentially appealing unreasonable decisions.

Description

Tax practitioners and taxpayers need to understand the steps involved in an IRS examination. From the beginning, a taxpayer could receive a letter explaining there will be a correspondence or in-person audit. Correspondence audits usually cover one or two particular items. In-person audits could be more intense. Taxpayers receiving an IDR (information document request) want to cooperate with the IRS but not divulge unnecessary information.

Tips for audit scheduling might include not holding the inquiry at the taxpayer's abode or business. The IRS may choose to issue third-party summons to acquire the information needed. Once the findings are received, a taxpayer may choose to agree or disagree with the findings and may want to request reconsideration. Knowing the situations that are eligible for appeal and how to appeal an unfavorable determination is necessary for advisers handling these often-encountered tax controversies. From the onset to its resolution, there are steps that tax professionals can take to put their clients in a better position.

Listen as our tax relief expert explains the audit process cradle to grave for tax professionals and taxpayers.

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Outline

  1. The IRS examination process: introduction
  2. Understanding taxpayers' rights: Publication 1
  3. Selection process
    1. DIF scores
    2. IRS' targeted tax missteps
  4. The audit process cradle to grave
    1. Receiving notice of examination
    2. Responding to IDRs
    3. Handling the examination
    4. Revenue officers
    5. Income tax examination changes: forms and responses
    6. Reconsideration, appeal, and mediation
  5. Collections

Benefits

The panelist will cover these and other critical issues:

  • Proper responses to IDRs
  • When a taxpayer should consider appeals or mediation
  • Tips for handling an in-person examination
  • Collection issues including levies, garnishments, and OICs

Faculty

Cothroll, Keith
Keith Cothroll
Attorney
The Law Firm of Keith A. Cothroll

Mr. Cothroll has worked for over nine years defending individuals and corporations in IRS audits and collection...  |  Read More

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