IRS Tax Examinations & Hot Issues [EXI4]
Time: 08:30am-12:00pm
Subject:
TaxationCredit Hours:
4.00Price:
Member: $185.00
Non-member: $255.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on September 20, 2026. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
IRS Tax Examinations & Hot Issues (EXI4)September 21st, 2026 / 8:30 am 12:00 pm
Wedgewood Resort / The Gazebo Room
212 Wedgewood Drive
Fairbanks, AK 99701
The IRS began replenishing its workforce with the additional funding only to have to terminate workers or lay them off due to mandated federal workforce reductions. The IRS trains its audit workforce by examining the tax returns of individuals and small businesses. As the IRS continues to examine tax returns, Accounting, Tax, and Financial Professionals need clients to understand the need for documentation and procedures to substantiate what IRS examiners 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 Accounting, Tax, and Financial Professionals in public accounting to understand the risk to clients and to themselves in tax return preparation and planning since the IRS continues to increase its audit coverage and is examining more taxpayers than it has in the recent past.
Major Topics:
-Criteria that the IRS uses to select returns for examination
-Substantiation requirements for travel, charitable contributions, vehicles, meals, virtual currency considerations, and tax-related identity theft
-Understanding worker classification determinations on who is an employee and who is an independent contractor
-Distinguishing S corporation officers reasonable compensation issues
-How the IRS holds persons other than an employer liable for unpaid payroll taxes, a.k.a., the trust fund recovery penalty
-Tax-related identity theft procedures
Learning Objectives:
-Understand the IRS process for selecting returns for examination
-Identify the types of returns the IRS is examining
-Understand the hot examination issues that the IRS is focusing on to help clients reduce their exposure to additional tax assessments
-Determine if your client is a victim of tax-related identity theft
-Determine strategies and procedures to resolve examinations with IRS examiners and present your clients tax positions in the best light possible
Designed For: Accounting and Finance Professionals in public practice who prepare tax returns and represent their clients on IRS examinations
CPE Credits: 4, Taxation
Level of Knowledge: Intermediate
Prerequisite: Experience in preparing individual and business tax returns
Acronym: EXI4
Discussion Leader: Susan Smith, CPA
