2014-2015 IRS Practice & Procedures Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current cases and rules affecting the tax preparer’s relationship with the IRS.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Noting that the IRS has finalized Circular 230 regulations
• Reviewing the new taxpayer bill of rights adopted by the IRS
• Discussing the new voluntary enrolled preparer program that replaces the old RTRP program.
• Marveling at the Court throwing out most of the registered tax return preparer program, although we all still need a PTIN.
• Rejoicing on how the IRS is backing off of some of their nasty collections.
• Planning what to do with the increased IRS follow-up on correspondence.
• Knowing the new offer-in-compromise pre-qualification rules.
• Reviewing what to do when identity theft impacts our clients
• And closing with a recap of the innocent spouse relief provisions.

Learning Objectives

• Recognize key tax changes affecting tax preparers' and taxpayers' relationships with the IRS.
• Identify numerous tax issues and provisions impacting your own, your clients' and/or your employer's relationship with the IRS.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None