Surgent's Representing a Client in an IRS Audit
Online
3.00 Credits
Member Price $169.00
Non-Member Price $154.00
Overview
The Inflation Reduction Act of 2022 called for delivering nearly $80 billion to the IRS over 10 years to allow the IRS to purchase new technology and hire employees. This funding would have provided the IRS with new equipment and new employees, possibly to handle more audits, many of them involving very complex tax issues. The Trump Administration has reversed this with prospects for a reduction in IRS employees and less money to fund the purchase and development of new software.
This program discusses the current state of IRS audits. Trump administration changes will of course have enormous impacts on these audits going forward.
Objectives
- Thoroughly understand the current state of IRS audits
- Advise clients regarding anticipated changes in upcoming IRS audits
Highlights
- Impact of the Trump Administration on IRS funding
- Reduction in IRS staffing
- Potential reduction in IRS’s ability to process and audit tax returns
- Status of IRS Direct File program
- 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 for 2025: roadmap to IRS audit issues
Designed For
Accounting and finance professionals advising clients with respect to an IRS audit
Prerequisites
None
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
Michael Tucker, Surgent McCoy CPE, LLC
MICHAEL J. TUCKER, CPA, MBA, J.D., LL.M., Ph.D. Mike is an employee of Surgent McCoy CPE, LLC. He authors materials and scripts for the monthly Edward Jones sponsored All Star Tax programs. Mike also writes materials for and conducts almost daily webinars on a variety of tax related topics. Mike works in the offices of T. M. Byxbee Company, CPAs, Mike’s duties at T.M. Byxbee Co. involve advising individual and business clients on a wide variety of transactional matters. Mike was formerly a professor of accounting at Quinnipiac University, in Hamden, CT, where he taught graduate and undergraduate law and tax programs. Mike received his J.D. from New York University and his LL.M. from Georgetown University Law Center. He is a CPA and received his Ph.D. from the University of Houston.
Non-Member Price $154.00
Member Price $169.00