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Surgent’s Representing a Client in an IRS Audit (SU0954/24)

Member Price $167
Non-Member Price $175
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October 22 @ 2:00 pm - 5:00 pm

Event Description

Recent legislation in Congress has provided the IRS with substantially increased funding to bolster its human staff and purchase software that will allow the IRS to audit many more taxpayers in a more effective way. The IRS believes it can target the right kinds of taxpayers for audits so that it will not waste its time on audits that produce little, if any, revenue. The purpose of this program is to discuss the current state of IRS audits and the anticipated increases in the IRS’s ability to audit wealthier taxpayers in an efficient way. Panelists will discuss the state of the IRS’s current audits and where the IRS is headed with audits in the coming years. Tax practitioners should also be aware of the state of the IRS’s efforts to target efficiencies so as to produce the most revenue.

Designed For

Accounting and finance professionals advising clients with respect to an IRS audit

Objectives

Thoroughly understand the current state of IRS audits Advise clients regarding anticipated changes in upcoming IRS audits

Major Subjects

Substantially increased IRS funding provided by the Inflation Reduction Act IRS test program in 2024 to determine if it should prepare tax returns Using improved data and analytics to tailor timely collections contacts Auditing large corporations and partnerships Audits of high income and high net worth individuals Information Document Requests What happens when a client agrees or disagrees with the IRS’s audit findings The Dirty Dozen: roadmap to IRS audit issues

Prerequisites

None

Instructions

None

Details

Date:
October 22
Time:
2:00 pm - 5:00 pm
Credit:
3 Credits

Other

Credit Hours
3
Max Registrations
0
Course Type
Webinar
Course Level
1