Successfully Dealing with the IRS Webinar

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.

• 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

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 US Tax Court after receiving a statutory notice of deficiency

• 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