Hot IRS Tax Examination Issues for Individuals and Businesses WEBCAST

Wednesday, December 1 8:00am - 4:00pm PST

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8.0 Credits

Member Price $259.00

Non-Member Price $309.00

Overview

Recently, the IRS has dramatically ramped-up its examination of specific individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.

Highlights

Prepare now and protect yourself from new audit examinations from the Net Investment Income Ta. Schedule C and cash basis audit issues – the IRS has gotten very tough. Vehicles. meals. and entertainment. and fringe benefit documentation. Passive losses and passive income: in-depth understanding of hot IRS audit examination areas. What the IRS is looking at in businesses with loss histories. Selected industry-specific issues. including construction. retail. food. bars. etc. Business consultants. Post-audit: the 30-day letter and the 90-day letter – what they mean to the taxpayer.

Prerequisites

Experience in preparing individual and business tax returns.

Designed For

CPAs in public practice who prepare tax returns and represent their clients on IRS examinations.

Objectives

Understand what the IRS is focusing on in auditing individuals and selected businesses. Help clients reduce their exposure to additional tax assessments. Determine strategies for dealing with IRS examiners and presenting your clients’ tax positions in the best light possible.

Preparation

None.

Notice

None.

Leader(s):

Leaders

Edward Harter

Edward A. Harter is a general practitioner in Canton, Ohio who provides accounting and tax services to his clients.

Mr. Harter has been a partner in a multi-office firm with ten partners, a one-office firm with two partners, and a sole practitioner with only one support person. He has instructed CPE programs for 34 years and has presented CPE in all 50 states with consistent “excellent” ratings from program participants. He is continually commended for his ability to reduce complicated tax concepts to understandable English with his “real world” examples. In addition, he has held a number of leadership positions in The Ohio Society of CPAs.

Mr. Harter is a graduate of Kent State University.

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Non-Member Price $309.00

Member Price $259.00