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Managingcomplexaudits

MANAGING COMPLEX IRS AUDITS OF MIDSIZE BUSINESS TAXPAYERS - EXPANDED

This webinar was previously a 1.5 hour session. 
Cost Free   CPE Credits 2.0 hours     2 hours for EAs (Federal Tax Update)    Course Id# - HURS9-U-00210-18-O  Subject Area Taxes  Course Level Intermediate  Instructional Method Group Internet Based  Prerequisites Basic knowledge of taxation.  Advanced Preparation None  Who should attend? CFO / Controller
CPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other 
Series: Enrolled Agents, CFOs and Controllers, Taxes 
Course Description

This webinar will provide guidance and best practices for responding to IRS audits of medium-sized business taxpayers, including detailing IRS examination techniques, how to respond to Information Document Requests, and navigating IRS interviews.

Receiving an Information Document Request (IDR) from the Internal Revenue Service is stress-inducing, time-consuming and potentially costly. These requests generally signal the beginning of an audit or examination of a tax return. In cases where the IRS proceeds beyond a simple IDR to a full audit, the process becomes more complex. This can result in not only added expense in responding to the requests, but also significant legal and business implications that can produce unwanted future results if the taxpayer does not effectively respond.

The IRS has broad authority to carry out information requests and interviews, but there are also significant limits on those powers that protect taxpayers undergoing an audit of a tax filing. Gaining a detailed understanding of the examination process, from the inception of an IDR through the more exhaustive audit and summons stages, will significantly benefit tax advisors to midsize businesses in responding to IRS information requests.

By knowing the audit process and the taxpayer protections built into the IRS’s procedures for conducting audits, tax counsel and advisors can avoid mistakes that result in additional tax and sanctions.

Listen to a thorough review of the IRS audit process, and discusses best practices for advisors to midsize businesses for handling IRS information requests by outlining the taxpayer’s responsibilities and rights in an examination.

Learning Objectives

  • Have a thorough understanding of the process for conducting audits of large and midsize businesses and international taxpayers

  • Be able to advise clients of their obligations and rights in response to IRS Information Document Requests and administrative summonses.

  • Know how to prepare your clients’ officers and employees for IRS interviews.

Linkedin
Ipb

Jamie Brown acts on tax-related matters, with a focus on federal tax controversies and litigation. Mr. Brown is a skilled tax litigator. From 2006 to 2013, he was a Trial Attorney with the Tax Division of the U.S. Department of Justice, where he acted as lead counsel for the government in over 100 civil tax cases. Mr. Brown took scores of depositions, and tried cases to judges and juries in U.S. district and bankruptcy courts. The Tax Division recognized Mr. Brown’s results with Outstanding Attorney awards in 2009 and 2012.

Handout Materials
Presentation Slides
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.

Nasba

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

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

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

About Our Presenter

Ipb
Ivins, Phillips & Barker, founded by two of the original judges on the United States Tax Court in 1935, is the leading law firm in the United States exclusively engaged in the practice of federal income tax, employee benefits and estate and gift tax law. The firm’s lawyers are nationally recognized to be among the best and brightest in the country. Our decades of focus on the intricacies of the Internal Revenue Code have led numerous Fortune 500 companies, as well as smaller companies, tax exempt organizations, and high net worth individuals to rely on the firm for answers to the most complicated and sophisticated tax planning problems as well as for complex tax litigation.