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
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