Learn how to properly manage an IRS audit and minimize any potential tax and penalty exposure.
Many taxpayers are audited by the Internal Revenue Service each year. Now that the Internal Revenue Service has received additional funding from Congress, the IRS has stated that they will conduct more IRS audits especially focused on high-net-worth individuals. We will discuss the audit triggers that can cause an IRS audit and how the IRS selects tax returns for examination. We will explain how the Internal Revenue Service Revenue Agents conduct an IRS audit and how someone representing the taxpayer should prepare for the audit. We will also discuss the process of an IRS audit and how to respond to the Internal Revenue Service revenue agents when they request documents and interviews with your taxpayer. We will also discuss how to appeal an audit if you cannot reach an agreement with the IRS Revenue Agent. We will explain the steps that you should take in order to win a favorable settlement for your taxpayer in the IRS appeals division.
We will also discuss how to handle civil audits when you believe that the taxpayer may have committed a federal tax crime that the Internal Revenue Service does not know about or has not discovered.
Learning Objectives
- You will be able to describe the Internal Revenue Service audit process.
- You will be able to discuss how to deal with an IRS Revenue Agent during and IRS audit.
- You will be able to explain how to deal with a civil audit in which the taxpayer has committed federal tax crimes.
- You will be able to recognize a criminal case vs a civil tax case.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
| Can Positions That You Take on Your Federal Income Tax Return Trigger an IRS Examination | |
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| How to Prepare for an IRS Audit | |
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| How to Respond to IRS Request for Information During an Audit | |
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| How to Handle IRS Requests for Interview | |
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| Can You Settle an Internal Revenue Service Audit If You Cannot Agree With the IRS Revenue Agent | |
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
Live Webinar Registration
- AIPB 2.0
- This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
Enrolled Agents 2.0
- In accordance with the standards set forth in Circular 230 section 10.6, CE credits have been granted based on a 50-minute hour. This program qualifies for 2.0 Continuing Education Credit(s) for enrolled agents.
CPE 2.0 including Specialized Knowledge 2
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
Who should attend?
This live webinar is designed for accountants, controllers, bookkeepers, CFOs, tax managers, enrolled agents, and attorneys.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Robert C. Webb
Frost Brown Todd LLP
- Partner at Frost Brown Todd LLP in Louisville, KY
- Seasoned veteran attorney specializing with IRS matters
- Has represented hundreds of taxpayers in civil audits and in the U.S. Tax Court involving multiple million-dollar tax disputes
- Has led the defense of federal and state criminal offenses at the investigatory, grand jury, and trial levels in such areas as criminal tax fraud, mail and wire fraud, interstate transportation of stolen goods, criminal and civil RICO, health care fraud, criminal antitrust, money laundering, gambling, and environmental matters
- Successfully represented a former Kentucky government official in a major tax fraud and mail fraud trial, as well as executives in a health care fraud and grand jury investigation
- Conducted internal investigations for public companies and has extensive experience in counseling clients on voluntary disclosure issues
- Worked at the Department of Justice in Washington, D.C., in the Civil Tax Litigation Division
- Frequently conducts presentations on tax compliance and legal strategies and previously taught federal taxation of entities at Bellarmine College
- Authored numerous articles on criminal tax and white-collar matters, including the first Criminal Tax Practice Monograph for the University of Kentucky College of Law
- LL.M. degree in taxation, Georgetown University Law Center in Washington, D.C.
- Can be contacted at [email protected] or 502-589-5400
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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