IRS Practice Series: Representing Your Client at a 1040 Audit (Currently Unavailable)

Author: Eva Rosenberg, Michael Rozbruch

This self study on-demand webcast will explain how to take over an audit from a client, the use of the power of attorney, communications with IRS, scheduling options for the audit, preparing the clients records for the audit, communicating potential results before the audit, and how to conduct the audit.

Publication Date: February 2014

Designed For
Any proactive, current or prospective, Circular 230 practitioner that understands the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their existing clients from IRS' predatory audit 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

• Identifying clients with unreported income
• Identifying non-deductible expenses
• Proof of cash spreadsheets
• (Re)constructing books when client didn't have proper accounting
• Locating deductions and credits client overlooked
• What to bring to an audit
• What not to bring
• Changing the venue, following up, protecting yourself from your client...and more

Learning Objectives

• Recognize the Internal Revenue Manual rules regarding audits
• Recognize where and how to research IRS audit practices for your client's industry; learn IRS examiner limitations and rules and learn to reconstruct missing data.
• Identify deductions that will definitely be lost during the audit, understand how to detect your client's unreported income (if any) — before IRS does and how to find deductions, credits, or adjustments that were missed on the original tax return.

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of a 1040 audit.

Advance Preparation
None