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Hot IRS Tax Examination Issues for Individuals & Businesses

8:30 am–4:15 pm ET

# of CPE Credits

8

Description

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.

Objective

* 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

Highlights

* Prepare now and protect yourself from new audit examinations from the Net Investment Income Tax * 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

Who Should Attend

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

Required Knowledge

Experience in preparing individual and business tax returns

Advanced Prep

None

Event Speaker(s)

Deborah Phillips ( Surgent McCoy CPE, LLC, Pasadena, MD ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Share This Event

Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Taxes
Level: Intermediate
Other:Enrolled Agent

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0021722

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$260.00
Non-MemberN/A$360.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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