IRS Practice Series: After SUCCESSFUL Collections or Audits (Currently Unavailable)

Author: Eva Rosenberg, Michael Rozbruch

This self study on-demand webcast will provide information about the steps to take after you have successfully resolved a collections, offer in compromise or audit issue for your client.

Publication Date: December 2013

Designed For
Any proactive, current or prospective, Circular 230 practitioner who understands that the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their clients from IRS' predatory collections action. Tax practitioners who want to prevent the erosion of their client base, as their clients turn to free and cheap tax preparation services online. Tax practitioners who want to develop the skills to prevent and/or resolve IRS collections actions. And tax practitioners who want to grow their business into this rapidly expanding market. Note: Those who have earned the Tax Mediary (CTM) Certificate, will earn the Tax Mediary (CTM) Certificate — Intermediate Level upon completion of the full series.

Topics Covered

• Amending prior returns affected by the settlement
• Adjustment of tax attributes, closing letters — how to read them, and ensuring you get them, and the importance of ensuring you get them
• Preparing current year returns based on audit results
• Amending state tax returns to conform to IRS results
• Getting liens released

Learning Objectives

• Recognize the list of steps to take after an audit has been successfully resolved, and after a collections battle has been won. There always lots of loose ends to finish up — so it helps to have a checklist to walk through.

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic experience with tax preparation.

Advance Preparation
None