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Sobel avoidingpt1

AVOIDING TAX PRACTICE MISTAKES - PART 1 - COLLECTION & EXAMINATION

CPE Processing Fee$10.00  Webinar TranscriptionN/A     Presentation Length Hour(s)1.0 hour  CPE1.0  Subject AreaTaxes  Course LevelIntermediate  Instructional MethodQAS Self-Study   PrerequisitesExperience in representing or advising clients before the IRS in tax compliance or controversy issue  Advance PreparationNone  Recorded DateJan 16, 2017  Date OfferedJan 16, 2017 
Course Description

Tax practice and the resolution of tax problems with the Internal Revenue Service can be tedious and outright challenging. This course will show practitioners how to navigate through the confusing IRS system, help them save time, and enable them to avail their clients of all the rights to which they are entitled. The techniques and tools this course provides will make tax practice less “taxing.”

Major Topics:

Collection:
• Mistakes in handling IRS liens, levies, and installment agreements
• Statutes of limitation on collection
• Audit reconsideration after assessment
• Innocent spouse relief
• Offers in compromise
• Preparing IRS financial statements for clients
• Collection due process hearings
• Claims for refund

Examination:
• Return selection process for examination: how to avoid unnecessary audits
• Burden of proof : substantiation and use of oral testimony to substantiate expenses
• Setting the scope of examination with the IRS examiner: how to determine what the IRS is looking for
• Dealing with IRS correspondence exams
• Partnership/S corporation/LLC audits
• Failure to file situations
• IRS summonses and enforcement procedures
• Statute of limitations issues
• Circular 230 guidelines for practice before the Internal Revenue Service
• Tax shelters: avoiding abusive tax shelters and pre-filing notification letters

Learning Objectives

  • Gain a better understanding of IRS procedures.

  • Understand how to avoid major mistakes in dealing with the Internal Revenue Service.

  • Find out how to provide the best advice for clients.

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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.

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Stuart “Stu” Sobel combines an in-depth knowledge of taxation and nonprofits with an ability to communicate clearly. A dynamic speaker, Stu seeks to help people understand the very complex world of taxation in every day terms. And he’s just the person to do it — Stu has been in the industry for 48 years. He worked in examination and high level positions at the IRS for 30 years. Following that, Stu spent nine years as the producer and host of his own nationally syndicated radio program called Wise Choices: Taxes and Charity Today. He also ran his own tax and nonprofit consulting firm for 12 years (Stuart Sobel Consulting, Inc.). He has helped create over 2,500 nonprofit organizations worldwide. His expertise on the topic of nonprofit taxation has earned him the title “The Guru of Giving.”

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NASBA Approved

CPAwebengage, Inc. (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.

CPAwebengage Inc. 1857. W 34th Ave, Denver, CO 80211

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The Tax Media Store is a Tax Media Marketplace featuring a large library of tax education videos and books from tax and nonprofit expert Stuart P. Sobel.