IRS Tax Examiniations & Hot Issues Webcast [EXI4]
Time: 12:30pm - 4:00pm
Subject:
TaxationCredit Hours:
4.00Price:
Member: $150.00
Non-member: $225.00
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, 2021. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
IRS Tax Examinations & Hot Issues Webcast (EXI4)September 21st, 2021
Due to IRS issue focused examinations, CPAs need to understand what types of returns are selected for examination and ways to help clients survive an IRS audit with little or no change. As a result of issue focused examinations, CPAs must understand what are the high audit risk area issues and what the IRS is focusing on when a return is examined. In addition, because tax-related identity theft is a common issue for many taxpayers, it is critical for CPAs to understand the procedures necessary to resolve this matter for their clients.
Major Topics Covered:
-Criteria that the IRS uses to select returns for examination
-Worker classification determinations on who is an employee and who is an independent contractor
-S corporation officers reasonable compensation issues
-Responsibilities to pay the employment taxes when the business defaults
-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 what are the hot examination issues 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 and the procedures to use to resolve strategies for dealing with IRS examiners and presenting your clients tax positions in the best light possible
Designed For: CPAs and accounting 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
