Handling IRS Audits
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Course Details

Overview of Topics

  • Different Type of IRS Audits.1 mins
  • Importance of Adopting the IRS approach3 mins
  • Key steps of handling IRS Audit5 mins
  • Why issuing identification is important?27 mins
  • What are the most common issues and how to avoid them ?28 mins
  • How to limit the scope of the audit?32 mins
  • TEFRA - Tax Equity and Fiscal Responsibility Act and its implications47 mins
  • Statutes of Limitations (SOLs) - Exceptions, Pass-through, Collection, Mitigation48 mins
  • What is Penalty Abatement? Which are some of the quicker ways to get IRS information?50 mins

Course Description

IRS audits are complex. You must be aware of the unique rules in order to successfully guide clients through an audit. In this practical webinar, you will learn about the information needed to navigate the audit and appeals levels of an IRS income tax audit.

Learning objectives

  • Limit the scope of IRS audits
  • Determine when to use qualified amended returns
  • Determine the statute of limitations and describe how they apply
  • Utilize techniques for negotiating with IRS appeals
  • Generate additional revenues with IRS audits

About Presenter

Nicholas Preusch, CPA

Tax Manager,Nicholas Preusch, CPA

npreusch@pbmares.com

Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the VSCPA’s Tax Advisory Committee and the AICPA’s Tax Practice and Responsibilities Committee. Nicholas is an adjunct professor with the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

Nicholas Preusch, CPA, JD, LLM, is a tax manager with PBMares, LLP. Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the VSCPA’s Tax Advisory Committee and the AICPA’s Tax Practice and Responsibilities Committee. Nicholas is an adjunct professor with the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).


Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:30
  • Question 3 : 00:45
  1. A qualified amended return must be filed:
  2. Practitioners must provide the IRS:
  3. If a practitioner does not have documents the IRS requested they must:
  1. Qualfied Amended Returns can:
  2. The best way to collect fees from client is to
  3. Which of the following is a lawful request by the IRS
  4. How many days you do have to appeal a stat notice?
  5. NRP Audits

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.8
(42)
83%
17%
0%
0%
0%
  • LB
    Larry Bressler , CPA
    Oct 10th 2019
    It was a really great webinar. With interesting material and excellent presentation, I enjoyed a really valuable learning...!
RC
ROBERT CROSBY , EA
Excellent knowledge of the material and well presented
CL
charles leaver , CPA
Great content accuracy. Great presentation. I thoroughly enjoyed this webinar. Thank you Nicholas.
ES
Eleanore Steinle , MBA, CPA
The webinar was focused on the subject and very informative.
LP
Lois Pontius , EA
The course was very insightful and useful having covered numerous practical aspects.
TAK
torreh arasteh Kani , EA
Great job Nicholas... ! It was really an informative webinar. I would want to attend more webinars with such great value.

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

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MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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Forecasting in a Time of Uncertainty (COVID-19)
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TAX IMPLICATIONS AND PLANNING DUE TO COVID-19
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UBIT Under The TCJA
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CECL Overview
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CIRCULAR 230
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UNDERSTANDING THE ENTITIES: PLANNING AND COMPLIANCE
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BEYOND WORKING REMOTELY – CASE STUDIES | BENEFITS | CHALLENGES FOR ACCOUNTING & TAX FIRMS.
Friday, July 24, 2020 View Details/Register
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  • Cost $10
  • CPE Credits 1
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00030-19-S
  • CTEC Course ID 6273-CE-0024
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date October 10 ,2019
  • Published Date November 12 ,2019
  • Who should attend? Enrolled Agent Tax Attorney Tax Practitioners Accountant Others CPA - Small Firm CPA - Mid Size Firm Auditors Tax Firm Tax Accountant (Industry) Tax Director (Industry)
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

Revenue – Five Steps to Recognition
Wednesday, July 29, 2020 View Details/Register
GUIDE TO DEPRECIATION UNDER THE TCJA
Wednesday, July 29, 2020 View Details/Register
PAYROLL FRAUD INFORMATION AND DISCUSSION
Wednesday, July 29, 2020 View Details/Register
Forecasting in a Time of Uncertainty (COVID-19)
Tuesday, July 28, 2020 View Details/Register
TAX IMPLICATIONS AND PLANNING DUE TO COVID-19
Tuesday, July 28, 2020 View Details/Register
UBIT Under The TCJA
Tuesday, July 28, 2020 View Details/Register
Tax Planning Under Tax Cuts & Job Act : 10 Tips to Reduce Taxes for your Clients
Tuesday, July 28, 2020 View Details/Register
Tax Consequences on the CARES Act – Overview of major tax issues from the CARES Act and related notice including planning tec
Monday, July 27, 2020 View Details/Register
CECL Overview
Monday, July 27, 2020 View Details/Register
Accounting for Business Combinations Overview
Monday, July 27, 2020 View Details/Register
Accounting Principle Changes
Monday, July 27, 2020 View Details/Register
CIRCULAR 230
Monday, July 27, 2020 View Details/Register
UNDERSTANDING THE ENTITIES: PLANNING AND COMPLIANCE
Monday, July 27, 2020 View Details/Register
BEYOND WORKING REMOTELY – CASE STUDIES | BENEFITS | CHALLENGES FOR ACCOUNTING & TAX FIRMS.
Friday, July 24, 2020 View Details/Register
Excel Accountant: Auditing Excel Workbooks
Friday, July 24, 2020 View Details/Register