Content Provider
Mccarter logo

Middle%20 %20mineraltree
Self-Study CPE
FEDERAL INCOME TAX CHANGES - 2017
View Details/Register
ESTATE TAX PLANNING
View Details/Register
10 NEW PRODUCTIVITY FEATURES IN PROCONNECT TAX ONLINE
View Details/Register
2018 ANNUAL TAX SEASON UPDATE
View Details/Register
AUDITING THE ERO
View Details/Register
CANCELLATION OF DEBT
View Details/Register
REASONABLE COMPENSATION FOR SHAREHOLDER-EMPLOYEES OF S-CORPS
View Details/Register
TAX LAW CHANGES: WHAT YOU NEED TO KNOW
View Details/Register
FOREIGN NATIONAL TAXATION - A DEEPER DIVE
View Details/Register
EXPATRIATE TAXATION - A DEEPER DIVE
View Details/Register
AFFORDABLE CARE ACT: EMPLOYER RIGHTS & RESPONSIBILITIES
View Details/Register
TAX TREATMENT OF LIFE INSURANCE PROCEEDS
View Details/Register
TAX TREATMENT OF RETIREMENT PLANS, PENSIONS AND ANNUITIES
View Details/Register
2018 TAX UPDATE: SO MUCH MORE NEW THAN MEETS THE EYE - WHAT LURKS BENEATH?
View Details/Register
TAXATION AND MAJOR IMMIGRATION ISSUES OF RESIDENT AND NONRESIDENT ALIENS
View Details/Register
CHURCHES AND MINISTRIES: UNDERSTANDING TAX ISSUES & IRS ENFORCEMENT GUIDELINES
View Details/Register
PREPARING THE CHALLENGING FORM 990
View Details/Register
IRS EXAMINATION SELECTION PROCESS
View Details/Register
AVOIDING TAX PRACTICE MISTAKES - PART 1 - COLLECTION & EXAMINATION
View Details/Register
CONSTRUCTION INDUSTRY TAX ISSUES
View Details/Register
EFFECTIVE REPRESENTATION TO ADDRESS ENFORCED COLLECTION ACTIVITY FROM THE IRS
View Details/Register
AVOIDING TAX PRACTICE MISTAKES - PART II - APPEALS, TECHNICAL ASSISTANCE, P & I
View Details/Register
A LOOK AT THE IRS DURING DIFFICULT TIMES
View Details/Register
APPEALS, PENALTIES, AND INTEREST ABATEMENT
View Details/Register
SELF-EMPLOYMENT TAX REDUCTION STRATEGIES
View Details/Register
HOW THE IRS DETERMINES UNREPORTED INCOME
View Details/Register
CANCELLATION OF DEBT INCOME
View Details/Register
UBI, UBTI, AND UBIT - UNDERSTANDING THE UNRELATED BUSINESS INCOME TAX
View Details/Register
MASTERING THE ART OF TAX PLANNING
View Details/Register
PAYROLL TAX TRAIN WRECK: RESOLVING YOUR CLIENT'S PAYROLL TAX NIGHTMARE!
View Details/Register
PREPARING IRS LETTER RULINGS
View Details/Register
TAX PREPARERS' PRAYERS ANSWERED: TAX ISSUES FOR THE CLERGY
View Details/Register
THE 2017 JOBS ACTS AND TAX CUTS - NEW TAX LAW UPDATE
View Details/Register
EARNED INCOME TAX CREDIT
View Details/Register
TAX TREATMENT OF SICKNESS & INJURY PLANS
View Details/Register
HEALTHCARE REFORM: THE AFFORDABLE CARE ACT TAX PROVISIONS
View Details/Register
EDUCATION TAX BENEFITS
View Details/Register
FEDERAL INCOME TAX CHANGES - 2018
View Details/Register
REDUCE EMPLOYMENT TAX EXPOSURE AND AVOID PENALTIES AND DISASTERS
View Details/Register
2019 TAX FILING SEASON UPDATE
View Details/Register
DEATH AND TAXES: ESTATE PLANNING FUNDAMENTALS FOR ACCOUNTANTS
View Details/Register
TAX REFORM: STRATEGIES FOR YOUR INDIVIDUAL AND SMALL BUSINESS CLIENTS
View Details/Register
TAX REFORM: OVERVIEW
View Details/Register
IRS FORM 1099 REPORTING: REPORTING REQUIREMENTS
View Details/Register
TAX CUTS & JOBS ACT: INDIVIDUAL TAX PREPARATION
View Details/Register
ESOPS 101: A DETAILED INTRODUCTION OF EMPLOYEE STOCK OWNERSHIP PLANS
View Details/Register
TAX REFORM AND PASS THROUGH ENTITIES §199A: PLANNING FOR PROFESSIONAL PRACTICE
View Details/Register
TAXATION OF IRAs AT DEATH
View Details/Register
Auditofbusinesses agostino

AUDITS OF CASH INTENSIVE BUSINESSES

CPE Processing Fee$10.00  Webinar TranscriptionN/A     Presentation Length Hour(s)1.0 hour  CPE1.0  Subject AreaTaxes  Course LevelBasic  Instructional MethodQAS Self-Study   PrerequisitesNone  Advance PreparationNone  Recorded DateMay 05, 2017  Date OfferedMay 09, 2017  Who should attend?CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm
Small Business Owner 
Series: CFOs and Controllers, Taxes    
Course Description

The IRS defines a cash intensive business as one that receives a significant amount of receipts in cash. This can include restaurants, convenience stores, liquor stores and other businesses that handle a high volume of small dollar transactions. The IRS estimates that noncompliance by cash intensive businesses accounts for a significant portion of the annual tax gap. Therefore, it is not surprising that the IRS has an audit program designed to evaluate tax compliance for these businesses.

This webinar will introduce attendees to: (1) the Service’s various audit techniques for cash intensive businesses; (2) audit techniques used by state taxing authorities; (3) strategies for evaluating clients books and records to ensure compliance; and (4) strategies for reducing potential increases in tax resulting from an audit.

Learning Objectives

  • Identify best practices to help your cash-intensive clients avoid audit, maintain adequate records, and handle an audit if one should arise.

Not logged
Handout Materials
Presentation Slides
Review Questions
Review Questions
QUESTION 1: 20:00 minutes
QUESTION 2: 40:00 minutes
QUESTION 3: 50:00 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

Loading ...

Loading ...
Agostinolaw logo

Michael Wallace, E.A. is an Enrolled Agent with Agostino & Associates, P.C., assisting the team of attorneys with various tax controversy matters. Prior to joining Agostino & Associates, Mr. Wallace worked in the pharmaceutical industry in finance and compliance operations. Mr. Wallace has worked in the field of tax as a preparer, instructor and taxpayer representative. Mr. Wallace earned his B.S. degree in Accounting from Rutgers University.

Nasba
Logo qas

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Mccarter logo
McCarter & English, LLP is a firm of approximately 400 lawyers with offices in Boston, Hartford, Stamford, New York, Newark, East Brunswick, Philadelphia, Wilmington and Washington, DC. In continuous business for more than 170 years, we are among the oldest and largest law firms in America.