CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

How the IRS Analyzes Taxpayer Finances to Determine Ability to Pay

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CTEC
How the IRS Analyzes Taxpayer Finances to Determine Ability to Pay

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00328-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0332)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00328-20-O)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00328-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

SOX Internal Controls For Accounts Payable, Receivable & Inventory

(13)

Oct 20, 2021 | 09:00 AM EDT View Details

S-Corp Preparation, Basis Calculations & Distributions – Form 1120S Schedule K & K-1 Analysis

(119)

Oct 20, 2021 | 09:00 AM EDT View Details

Is It Time for a Development Audit?

(1)

Oct 20, 2021 | 09:00 AM EDT View Details

IFRS Fixed Assets (Property, Plant & Equipment)

(6)

Oct 20, 2021 | 09:30 AM EDT View Details

QBO: Build Right Chart of Accounts - Base for Accounting and Reading Financial Statement

(5)

Oct 20, 2021 | 10:00 AM EDT View Details

How to deal effectively with IRS Examinations and Criminal Investigations?

(21)

Oct 20, 2021 | 10:00 AM EDT View Details

SOX Overview

Oct 20, 2021 | 10:00 AM EDT View Details

Excel Accountant: Dynamic Arrays

(2)

Oct 20, 2021 | 10:00 AM EDT View Details

Avoid Liabilities-Perfect your Understanding of Payroll Tax Withholding

(2)

Oct 20, 2021 | 10:00 AM EDT View Details

Proper Preparation Submission & Negotiation - Offers in compromise(OIC)

(206)

Oct 20, 2021 | 10:00 AM EDT View Details

Building the Best Employee Handbook

(76)

Oct 20, 2021 | 10:00 AM EDT View Details

Powerful PowerPoint Presentations

Oct 20, 2021 | 10:00 AM EDT View Details

Key Estate Planning Considerations

(1343)

Oct 20, 2021 | 10:30 AM EDT View Details

Adding Value to Retirement Plan Audits through Plan Governance: Overview

(176)

Oct 20, 2021 | 10:30 AM EDT View Details

Accounting & Tax Implications of Credit Losses

(2)

Oct 20, 2021 | 10:30 AM EDT View Details

This Course is Also Available in Self Study (On-Demand)

Click Here

Course Description

As a Tax practitioner, you usually have to deal with cases that need clarity about what is the approach of the IRS in analyzing the details from the taxpayer. This CPE/CE course will provide a very useful insight if your clients have to deal with and negotiate with the IRS about what amount they can pay for taxes. 

Especially for the professionals dealing with IRS on a regular basis understanding how the IRS looks at a taxpayer’s financial situation is imperative to success when negotiating resolutions for clients. This provides them the edge over what should be represented and how it should be represented. 

In this online CE webinar, participants will get a key understanding of:

  • How the IRS analyzes a taxpayer’s finances
  • How IRS secures, verifies, and analyzes financial information 
  • How the IRS will use that information to determine the taxpayer’s ability to pay

Learning Objectives

  • To recognize the purpose of a financial analysis and how it is used to determine a taxpayer’s Reasonable Collection Potential
  • To familiarize with the various Collection Information Statements that the IRS uses to collect financial information
  • To identify the differences between business financial information and individual financial information and how the IRS views both
  • To familiarize with how the IRS looks at expenses as a whole, including the IRS Collection Financial Standards
  • To familiarize with the various ways and methods in which the IRS can verify a taxpayer’s financial information

Who Should Attend?

  • Accountant
  • Accounting Firm
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

4.5

(770)
62%
31%
6%
0%
0%

CC

Excellent presenter!

JW

This webinar is the best study platform out here.

EH

I plan on taking many more CPE credits from this instructor and hopefully using him as a resource in my tax practice.

SH

Good

LL

The presenter was very good and very informative. He did an excellent job!

HK

Very good