In the past, it was difficult to get into tax resolution. You pretty much had to be an expert on the intimidatingly thick IRS manual. However, now that tax resolution services are growing in popularity, there are tons of resources available that make breaking into the business easier than ever. Tax resolution includes many services and goes by different names (IRS representation, tax relief, tax problem recovery, tax resolution, tax controversy) but in summary, tax resolution is a service in which you help a client resolve their open debt with the IRS in a way that minimizes the debt as much as possible.
The IRS issues over 220 million notices each year to taxpayers. The IRS also asserts millions of dollars of penalties against taxpayers daily. Many of those penalties are abated due to quality representation.If a tax client receives an IRS notice, they expect their tax professional to be able to work effectively with the IRS to identify and resolve their issue. Penalties from the IRS come in all shapes and sizes. There are over a thousand different types of IRS notices – but fortunately, most taxpayers receive many of the same types of notices that require action. This webinar will help you to serve better to your client.
Session 1 - THE STRUCTURE AND ORGANIZATION OF THE IRS
IRS is on a mission to provide America's taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all. However, it is important to know its structure and organization for the practitioners who support in this mission. This is a very important webinar that introduces to you IRS as a formidable structure and organization to achieve this mission.
This session will discuss the 5 main departments of the IRS by their respective functions.
Major Topics Covered in Session 1:
- An in-depth look at each department including the purpose of each division
- What types of cases end up in that department
- Personnel that you’ll encounter
- A look at some best practices for not only dealing with the IRS overall but for each specific division
This will be a valuable webinar for the new CPAs, EAs, and Tax practitioners who are starting their careers to clarify their path ahead.
Session 2 - HANDLE IRS AUDIT, APPEALS, COLLECTION & LITIGATION (LATEST 2019)
In this webinar, the presenter will provide an overview of the IRS administrative appeal process. The IRS appeals process also can provide a more beneficial and cost-effective means of resolving an adverse audit finding. Because appeals officers must consider the "hazards of litigation" when reviewing a taxpayer's appeal, taxpayers often have a greater chance at achieving a favorable settlement in an IRS appeal due to the appeals officer's mandate to consider the assessment's defensibility in court.
This session will give you a walkthrough of the process from filing a tax return to the IRS audit, IRS Appeals, Collections, and litigation at courts of original jurisdiction. We will also discuss the options taxpayers have at any point in the process with reference to real-life stories from the trenches.
Session 3- HOW TO ANALYZE YOUR CLIENT’S TAX SITUATION COURSE INFORMATION
This session will provide you the guideline to solve the majority of tax problem resolutions. Before you directly jump in and start solving cases it's important to have a clear understanding of the client’s tax and financial situation so that you are able to recommend the best resolution. You will know how to access your client’s information from the IRS, and know-how and when to use form 2848 and form 8821.
This session will cover the following 4 steps :
- Basic Analysis
- The possible resolutions that might follow
- What you’ll need from your client to complete the analysis.
- What you'll need from the IRS to complete the analysis.
Major Topics Covered in Session 3 :
- Know the basics of Analysis.
- How to meet with the client to talk about their tax problems.
- How to use a Form 2848? What to do with Power of Attorney?
- Understand the financial analysis and different parts of financial.
- Learn different types of IRS Transcripts.
- Know different ways to get an IRS Transcript / Compliance Check.
- How to create your e-Services Account.
- Know how the financial analysis reviewed.
Session 4- IRS AUDIT PROCESS & DEFENSE PRESENTATION
The Internal Revenue Service is increasing the number of individuals that will be selected for an audit this year and into the foreseeable future. IRS audits create anxiety and stress for both taxpayers and practitioners.
When dealing with the IRS, it’s not enough to be technically proficient and up-to-date on tax laws, regulations, rulings, and court decisions. The IRS has had to change its approach to auditing due to budget cuts and retirements. Examinations of individuals, small businesses, and large corporations are more focused on high-risk issues. As a result, tax and financial professionals need to understand the impact of the IRS shift in strategy and be prepared to effectively manage an IRS audit.
Major Topics Covered in Session 4 :
- Overview of IRS Audits
- How the IRS Conducts an Audit
- Audit Outcomes
- Taxpayer Right’s During an Audit
- Information Document Request (IDR)
- Examining Internal Controls
- Audit Reconsideration
- Audit Appeal
Session 5- THE IRS OFFER IN COMPROMISE PROGRAM
An offer in compromise (OIC) is an application to settle an IRS tax liability for less than the full amount of tax and penalties that are due for a period or periods.
This webinar provides a rapid-fire overview of the Offer in Compromise program for tax professionals representing taxpayers with unpaid federal tax obligations and discusses the pros and cons of the Offer program, And briefly cover IRS rules for processing Offer applications, how the Offer investigation process works, and some helpful tips for writing better Offers.The purpose of the Offer in Compromise Program, types of Offers in Compromise, Offer Qualifications and Financial Analysis, how the IRS processes Offers, and potential outcomes.
This session will discuss the IRS’ Offer in Compromise program. We will be covering the program’s objectives and what’s new with the Offer program. We will also briefly discuss the Offer in Compromise Pre-Qualifier Tool. An offer in compromise (OIC) is an application to settle an IRS tax liability for less than the full amount of tax and penalties that are due for a period or periods.
Major Topics Covered in Session 5:
- Know the IRS offer in compromise program
- Learn how the OIC program works
- What makes these offers acceptable (DATC)?
- Learn effective tax administration
- Clear your doubts as to liability offers
Session 6- INNOCENT SPOUSE RELIEF
Innocent Spouse Relief is an application (Form 8857) by an “innocent” spouse for relief from the tax liabilities of the other spouse that arise as a result of filing a joint federal income tax return. Innocent spouse relief has been around for a long time, but in 2013 the IRS issued Rev. Proc. 2013-34, an extremely sophisticated and detailed procedure for applying for relief in a variety of circumstances, including circumstances where there has been coercion, intimidation, or abuse.
Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows them. When filing jointly, both taxpayers are jointly and severally liable for the tax and any additions to tax, interest, or penalties that arise from the joint return even if they later divorce. Joint and several liabilities mean that each taxpayer is legally responsible for the entire liability. Thus, both spouses on a married filing jointly return are generally held responsible for all the tax due even if one spouse earned all the income or claimed improper deductions or credits. In some cases, however, a spouse can get relief from being jointly and severally liable.
Major Topics Covered in Session 6 :
- Various types of Relief
- Claiming Innocent Spouse Relief
- Disqualifying Situations
- Innocent Spouse Relief
- Common Issues With Time Limit
- Separation of Liability Relief
- Equitable Relief
Session 7 - IRS PENALTIES, ABATEMENT'S, AND REASONABLE CAUSE
Save your clients money on IRS penalties! There are many types of penalties the IRS can impose on taxpayers: failure-to-file, failure-to-pay, failure-to-deposit, estimated tax and accuracy-related are some of the most common ones. But the full list includes many more. Join us as we sift through IRS penalty types and explore ways for you to provide excellent representation for your clients with IRS penalty issues.
This session will identify the most common, actionable IRS notices, and the solutions available to resolve the tax problems related to the notice. In this webinar, participants will learn about the most common penalties that can be assessed against a taxpayer as well as how to abate them, including First-Time Abatement, Reasonable Cause, and Form 843: Claim for Refund and Request for Abatement. This webinar will explain the many types of notices issued by the IRS, including how to appropriately respond to each, how to properly request abatement of penalties charged, current IRS responses to abatement requests and focus on how to reduce or remove these penalties.
This session guides you through what to expect during the IRS penalty process and reveal specific how-to methods using relevant court cases and Internal Revenue Manual (IRM) guidelines.
Major Topics Covered in Session 7 :
- Different types of IRS Penalties
- "First Time Abatement (FTA)"
- What is Reasonable Cause?
- How to Write a Reasonable Cause Letter
- Know the process of Penalty Abatement
This session is useful for any proactive, current or prospective, Circular 230 practitioner that understands the IRS is ramping up the "close the tax gap". Tax practitioners who want to protect their existing clients from IRS' predatory collections action and grow their business into this rapidly expanding market.
This webinar will help to the tax practitioners at all levels regardless of tax practice and Business Owners.
