S35-Detect Likely IRS Audits & CP2000's Six Months In Advance & Mitigate the Outcome

Friday, June 28 | 1:20 pm - 3:00 pm
Track: Representation
     2 hours Federal Tax Law (EA, CRTP, OTRP)
     2 hours Taxes/Tax Planning (CPA, CFP)
     1.75 hours Taxation Law (Attorney – CA Bar MCLE)
     2 hours (CSEA/NAEA)
Speaker: Roger Nemeth, EA

Description: This session will educate you on how to detect a potential IRS audit and CP2000's months in advance. Once the exam is detected we will review best practices to identify what is being reviewed and how to best mitigate the outcome. We will start with a review of the IRM and the IRS Exam process that explains the audit process in depth as well as where to look for the audit indicators. Once the audit is detected best practices will be reviewed to mitigate the result like contesting the accuracy related penalties and preparing amended returns before the audit actually begins.

Learning Objectives
1. Understand the IRS process for choosing who to audit                                                               
2. Learn the different types of audits & exams                             
3. Learn to identify if a taxpayer has been selected for exam review                                             
4. Understand what steps can be taken before the audit begins to mitigate the audit results for your client                                     
5. Learn how to monetize this entire process

Learning Level: Intermediate

Prerequisites: None

Advanced Preparation: None