IRS Practice Series: Representing Your Client at a 1040 Audit

Authored by Eva Rosenberg
About this Course
Topics covered include: All About Audits; How Audits Happen; Why They Happen; What IRS Knows; How to Get Prepared. Upon completing this course, you should be able to: Identify the Internal Revenue Manual rules regarding audits; Recognize what happens when a tax cheater is turned into the IRS; Identify what occurs when your client's tax return has been selected for an audit and the IRS requires a face-to-face meeting with your client; Recognize if you can get an audit moved to another location; Describe what to do when representing a client in an audit when criminal issues surface involving your client; Recognize what to be careful to have your client avoid deducting when preparing a tax return; Differentiate which deductions claimed by your client would be especially problematic from the IRS point of view in an audit; Recognize what to do if representing a client in an audit where criminal issues surface involving the client; Describe what happens when you turn in a tax cheater; Identify if you can get an audit moved to another location; Identify responses you can make to the IDR and audit invitation; Recognize how to cancel an audit before it starts; Differentiate which methods to use before an audit to learn what the IRS knows about your client; Identify common types of IRS audits; Recognize how you can prevail in an audit when your client is totally in the wrong; Recognize options of what to do if you don't know how to do tax research; Identify primary reasons the IRS will select a tax return for audit; Describe third-party sources the IRS might use to initiate an audit; Recognize lottery audits; Describe an IDR and responses to an audit invitation; Differentiate statements regarding tax practitioner's confidentiality privlege; Recognize which methods you can use to learn what the IRS knows about your client; Identify how to convince the IRS that your client didn't really earn extra money; Describe why it's important to be ready with a good explanation when your client shows both Rental deductions and Office in Home deductions; Recognize allowable deductions for business meals and entertainment; Identify the allowable deduction for trucker's (workers subject to DOT rules) meals; Describe acceptable ways to reconstruct records to prove cost of goods sold.
$ 48.00
Course is unavailable for purchase.
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
3.0
Prerequisites
A basic understanding of a 1040 audit.
Last Updated
08/30/2018
14289