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Surgent's Hot IRS Tax Examination Issues for Individuals and Businesses (EXIB)
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Recently, the IRS has dramatically ramped-up its examination of individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.

11/1/2016
When: Tuesday, November 1, 2016
7:00 AM - 3:00 PM
Where: Webinar/Webcast
United States
Contact: April Deneault
801-466-8022


Online registration is closed.
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Acronym EXIB
CPE 8 hours
Category
Taxes
Level Intermediate
Vendor Surgent
Who should attend

CPAs in public practice who prepare tax returns and represent their clients on IRS examinations

Prerequisite
Experience in preparing individual and business tax returns
Fees: Early Bird
Standard
Member N/A
$219
Non-Member: N/A
$269

The Member rate applies to UACPA members and reciprocal state society members. To register online, use the ‘Register’ button above. To register by phone, call the UACPA at 801.466.8022, Monday through Friday, 8am to 4pm.

Description:
Recently, the IRS has dramatically ramped-up its examination of individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.

Major Topics:

  • Prepare now and protect yourself from new audit examinations from the Net Investment Income Tax
  • Schedule C and cash basis audit issues – the IRS has gotten very tough
  • Vehicles, meals, and entertainment, and fringe benefit documentation
  • Passive losses and passive income: in-depth understanding of hot IRS audit examination areas
  • What the IRS is looking at in businesses with loss histories
  • Selected industry-specific issues, including construction, retail, food, bars, etc
  • Business consultants
  • Post-audit: the 30-day letter and the 90-day letter – what they mean to the taxpayer.

Objectives:

  • Understand what the IRS is focusing on in auditing individuals and selected businesses
  • Help clients reduce their exposure to additional tax assessments
  • Determine strategies for dealing with IRS examiners and presenting your clients' tax positions in the best light possible

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