Webcast: IRS Audits (XAIRS117)
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Internal Revenue Service audits (or “exams” in IRS lingo) are an integral part of the tax compliance landscape. Although statistically few returns are selected for exam each year, this fact tends to be of little comfort to the taxpayer who has won the “audit lottery.” While CPAs cannot do much to prevent a client’s return from being audited, they can perform a valuable service by assuring that the exam is no more of a burden on the client than is necessary and that the client’s rights and intere

6/15/2017
When: 06/15/2017
12:00 PM until 4:00 PM
Where: Webcast
AICPA
1366521:E1E934DD0E14AF1771BE902198D5BF5B
United States
Presenter: Doug Stives


Online registration is closed.
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AcronymXAIRS117
CPE4 hours
VendorAICPA
Category
Taxes
LevelAdvanced
PrerequisiteBasic knowledge of general proceedings of IRS audits
Adv PrepNone
Yellow Book?No
Designed forSenior tax professionals in public accounting
Registration
Member$159
CPA Non-Member$199

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

Internal Revenue Service audits (or “exams” in IRS lingo) are an integral part of the tax compliance landscape. Although statistically few returns are selected for exam each year, this fact tends to be of little comfort to the taxpayer who has won the “audit lottery.” While CPAs cannot do much to prevent a client’s return from being audited, they can perform a valuable service by assuring that the exam is no more of a burden on the client than is necessary and that the client’s rights and interests are adequately safeguarded. Accomplishing this objective begins with a familiarity with the audit process.

Topics

  • RAR: Revenue Adjustment Report
  • Preparing responses
  • Accounting for audit adjustments
  • Amended state tax returns
  • Installment Agreements
  • Offers in Compromise
  • The Assessment Process
  • The Collection Process for seizures and sales of taxpayer property
  • The IRS process for seizures and sales of taxpayer property

Objectives
When you complete this course you will be able to:

  • Evaluate IRS audit trends and the audit selection process
  • Understand the types of IRS audits
  • Determine when IRS requests could be challenged
  • Become familiar with the timing, scope, and location of various IRS audits
  • Understand IRS audit techniques and inquiries and appeal rights
  • Manage the information document request process and evaluate the contents of a revenue agent report (RAR)
  • Understand how to update/amend related state income tax returns as affected by the Federal RAR