Authorities of IRS TAX PRACTICE & PROCEDURE INTRODUCTION
26 mins
Preparer Penalties
41 mins
Initial return Review
61 mins
Ex Parte Communications
79 mins
Course Description
Starting a tax practice is like starting any small business – it requires a lot of work. Generating multiple line of services such as accounting, payroll, tax preparation, tax advisory, tax representation, and tax consulting etc. to serve wide variety of clients takes years of quality services to establish a loyal client-base.
Establishing yourself as an independent tax preparation professional is a great way to acquire financial independence, whether you're practicing full time or supplementing your income from another source. It is a unique and intricate process, with Internal Revenue Service (IRS) requirements and ever-changing laws adding to the complexity.
Whether you are planning on becoming a solo practitioner or starting a larger practice, this special webinar provides a detailed explanation of the steps you can take to start your own professional tax practice that will help ease the process for you. With the right tools, experience and an entrepreneurial drive, you can become one of the many tax return preparation businesses that help 80 million Americans file each year.
The Internal Revenue Code creates a complex set of rules that need to be followed in order to successfully help your client through any adversarial processes.
Key Highlights of the Webinar:
The basics of tax practice and procedure.
Limitations and proper techniques of Tax Statutes.
Different ways of dealing with IRS administrative challenges
Learning Objectives
To understand the different IRS statutes of limitation
To apply rules to understand the IRS audit process
To apply rules to understand the IRS collection process
To determine if the Administrative Procedures Act applies to different IRS conduct
To determine when practitioner penalties could arise
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.
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
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.
About Presenter
Nicholas Preusch, CPA
Certified Public Accountant (CPA), YHB | CPAs & Consultants
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 AICPA’s Tax Executive Committee. Nicholas is an adjunct professor
at 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).
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.
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.
Testimonial
4.2
(19)
47%
32%
16%
0%
5%
RS
Rayna Schrick, , EA, CPA/PFS, Tax Pros
Dec 24th 2020
The class covered all the material I expected. I learned some new thing too. The instructor was very engaging & I enjoyed how he structured the class.
JK
Jayna Ketner, EA
Dec 10th, 2020
Very happy to have these webinars available on-demand. The timing of live webinars can be difficult to work around.
