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Representing a Client in an IRS Audit

Wednesday, December 18
 1:00pm - 3:40pm

(Check-In 12:55pm)

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3.00 Credits

Member Price $104.00

Price will increase by $15 after 12/11

Non-Member Price $144.00

Price will increase by $15 after 12/11

Overview

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. The course 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.

Objectives

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

  • 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
  • Designed For

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

    Prerequisites

    None

    Preparation

    None

    Notice

    By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy. https://www.ctcpas.org/events/cpe-policies

    Leader(s):

    Leader Bios

    Michael Frost, Surgent McCoy CPE, LLC

    Mike Frost, CPA, of Jacksonville, Alabama, provides tax consulting, continuing education, and motivational speaking services through his company, Mike Frost Enterprises. Mike is a former shareholder of MDA Professional Group, PC, where he managed the tax department of the Albertville office. Mike has 31 years of experience in public accounting, including but not limited to: Business and individual income tax preparation and planning; mergers and acquisitions; estate, gift, and trust tax preparation; small business consulting; Medicare planning and other elder care; audit representation; and religious groups and clergy. Mike has conducted CPE engagements and seminars throughout the United States and has served as technical advisor for tax articles in The Sand Mountain Reporter, a local newspaper. Mike has been a featured presenter at the Alabama Society of CPAs Annual Meeting and the Federal Tax Clinic held annually at the University of Alabama in Tuscaloosa. Mike graduated with “high honors and distinction” from Jacksonville State University with a major in accounting, a minor in finance, and a 4.0 GPA. He is a member of the American Institute of Certified Public Accountants and the Alabama Society of Certified Public Accountants. In addition, he is a graduate of the Tax Planning and Advising for Closely Held Businesses Certificate of Educational Achievement Program sponsored by the AICPA.

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    Non-Member Price $144.00

    Member Price $104.00