23SR-0007: IRS Tax Examinations and Hot Issues (In-person)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, June 7, 2023
8:30am - 12:00pm Central Time
4 CPE (4 technical)  |  4 IRS CE
Minnesota Society of CPAs, Bloomington

Which issues is the IRS focusing on for examinations? Where are the highest audit risk areas? And what should you do when your client is facing an IRS audit? Get answers to these questions and more in this course, which equips you with the background and action steps needed to successfully manage an IRS examination on behalf of a client. Plus, gain guidance on what to do when a client is dealing with tax-related identify theft.

Major subjects

• Criteria 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

Learning objective(s)

• Understand the IRS process for selecting returns for examination
• Identify the types of returns the IRS is examining
• Understand 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
• Understand strategies for dealing with IRS examiners and presenting your clients’ tax positions in the best light possible

Who should take this program?

CPAs and tax advisers in public practice who prepare tax returns and represent clients on IRS examinations

Fees

Standard Member Fee	$209.00
Standard Nonmember Fee	$259.00