Live Stream: Hot IRS Tax Examination Issues for Individuals and Businesses

258 | Livestream | Intermediate | Scheduled

Description

Although the IRS continues to lose its audit workforce due to budget cuts, it continues to examine specific individuals and small business taxpayers. Now, more than ever, Accounting 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 and Financial Professionals in public accounting to understand the risk to clients and to themselves in tax return preparation and planning since the IRS has currently increased its audit coverage and is examining more taxpayers than in the recent past.

Credits

Number of Credits	Type of Credits
8.00	Taxes
6.75	CLE

Designed For

Accounting and Financial Professionals in public practice who prepare tax returns and represent their clients on IRS examinations

Prerequisites

Experience in preparing individual and business tax returns

Highlights

Prepare now and protect yourself from new audit examinations, and what to do when there is identity theft
Understanding substantiation requirements for travel, charitable contributions, vehicles, meals and virtual currency considerations
Gain an in-depth understanding of IRS hot examination issues including passive loss rules, real estate professional status and the Section 199A provisions as they pertain to rental real estate
Identify how the IRS holds persons other than an employer liable for unpaid payroll taxes, a.k.a., the trust fund recovery penalty
Understanding IRS Audit Techniques Guides and Compliance Campaigns
Recognizing the 30-day letter and the 90-day letter, including what the taxpayer's responsibilities are

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

Prices

Member (Early Bird): $299.00
Non-Member (Early Bird): $399.00

Member: $299.00
Non-Member: $399.00

Your Price: $399.00

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Instructors

Joel M. DiCicco

Dr. Joel DiCicco is a CPA with over 35 years of practitioner experience in finance, taxation, and accounting. For approximately 20 years, Joel worked for the IRS with increasing responsibility, leading to his position as territory manager for Financial Products. In this role, he worked and supervised the most complex and sophisticated tax structuring and valuation issues. He also served on details as territory manager for both Global High Wealth and Large Business Employment Taxes.

Dr. DiCicco has been a faculty member at Florida Atlantic University for more than 15 years, and he is now a full-time senior instructor for the graduate executive programs, where he lectures in the areas of accounting, finance, and taxation. Joel serves on the Florida Institute of CPAâ€™s Editorial Committee for CPA Today and the Accounting Principles and Auditing Standards Committee. In addition to his PhD from Florida Atlantic University in public administration focusing on budgeting and finance, Joel has both a MS in taxation from Florida International University and an MBA in finance from Manhattan College. He is credentialed in valuation, forensics, and management accounting.

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