Live Stream: IRS Tax Examinations and Hot Issues

485  |  Livestream  |  Intermediate  |  Scheduled

Description

Due to IRS issue focused examinations, Accounting and Finance Professionals 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, Accounting and Finance Professionals must understand what the high audit risk area issues are 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 Accounting and Finance Professionals to understand the procedures necessary to resolve this matter for their clients.

Credits

Number of Credits Type of Credits
4.00 Taxes
3.33 CLE

Designed For

Accounting and Finance 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

  • Coverage of the Inflation Reduction Act of 2022
  • Criteria that the IRS uses to select returns for examination
  • Vehicles, meals and virtual currency considerations
  • Worker classification determinations on who is an employee and who is an independent contractor
  • S corporation officer's reasonable compensation issues
  • Responsibilities to pay the employment taxes when the business defaults
  • Tax-related identity theft procedures

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 and the procedures to use to resolve strategies for dealing with IRS examiners and presenting your clients' tax positions in the best light possible

Prices

Member (Early Bird)
$179.00
Non-Member (Early Bird)
$229.00
Member
$179.00
Non-Member
$229.00
Your Price: $229.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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$20.00

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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 CPA’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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