Hot IRS Tax Examination Issues for Individuals and Businesses [EXIB Anc]
Time: 8-4
Subject:
TaxationCredit Hours:
8.00Price:
Member: $295.00
Non-member: $445.00
Discussion Leader:
Robert R. Thelen, CPA
more info
Robert (Bob) Thelen is the owner of Robert R. Thelen, CPA, Ltd., a small practice located in Cold Spring, Minnesota. His areas of expertise, as well as what he most enjoys lecturing about, are in the areas of: individual and entity tax planning and preparation; payroll taxes and 1099 issues; retirement planning; Social Security and Medicare planning; and representing clients before taxing agencies. Mr. Thelen was President, CEO, and sole shareholder of another CPA firm located in Cold Spring, Minnesota, from 1992-2008. The company was heavily involved with income tax returns; payroll preparation and reporting; pension plan administration and compliance; retirement and individual financial planning; representing clients before taxing agencies; and life, health, and property/casualty insurance planning and sales. In 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Thelen was manager of a tax department for the firm now known as Clifton Larson Allen LLC from 1989-1992. He also had a professional career as a revenue officer and then a tax auditor with the Internal Revenue Service in St. Paul, Minnesota, from 1980-1989. Mr. Thelen holds a Masters of Pastoral Ministry from St. John’s University School of Theology. He also holds a Bachelor of Arts from Metropolitan State University. He is also a member of the Minnesota Society of CPAs and other professional organizations.
closeWebsite registration for this course closes on November 9, 2015. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Hot IRS Tax Examination Issues For Individuals and BusinessesNovember 10, 2015
AKCPA Office
Anchorage, AK
LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.
Recently, the IRS has dramatically ramped-up its examination of 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 ta return preparation and planning.
Major Topics:
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.
Learning Objectives:
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
Designed For: CPAs in public practice who prepare tax returns an represent their clients on IRS examinations
CPE Credits: 8, Tax
Level of Knowledge: Intermediate
Prerequisite: Experience in preparing individual and business tax returns
Acronym: EXIB
Discussion Leader: Robert Thelen, CPA
