*RESCHEDULED* IRS Tax Examinations & Hot Issues [EXI4]
Subject:
Time: 08:30am-12:00pm
Credit Hours:
4.00Price:
Member: $160.00
Non-member: $230.00
Discussion Leader:
William F. (Bill) Taylor, CPAWilliam F. (Bill) Taylor, CPA is President of Lifetime Financial Solutions, LLC, a financial coaching firm, and a CPA in private practice. Since retiring as Community Bank President of Renasant Bank in Water Valley, MS, he has served as an adjunct assistant professor in the MBA program at the University of Mississippi. Bill has worked in the employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals & Actuaries, CPA and bar associations in 45 states, and many private organizations. He has been awarded both the AICPA Outstanding Discussion Leader award and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.
Full Description
*RESCHEDULED* IRS Tax Examinations & Hot Issues (EXI4)September 28th, 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: William F. (Bill) Taylor, CPA
