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IRS Representation Series - Winning the 1040 Audit

  • Accountant
  • AFSP
  • CRTP
  • CGFM
  • CPA (US)
  • EA
  • ORTP
  • CPA/PFS
  • ChFC
  • MRTP
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CFIRS
  • CWS

Published: August, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Audits Are Fun!
    2 mins
  • Why Select Certain Taxpayers
    13 mins
  • Taxpayer Advocate Recommendation for Compensation on NRP Audits
    28 mins
  • Taxpayer Digital Communications
    55 mins
  • IRC 170 - Charity - Contemporaneous
    84 mins
  • IRC 183 - Hobby Loss
    119 mins

Course Description

So, you got a letter – the IRS selected your case for an audit. All of a sudden, all those statistics suggesting that only less than one percent of taxpayers are being audited by the IRS are irrelevant to you! Why? Because you are 100 percent being audited! You can no longer assume that, like a friend of yours who did the same thing for over 40 years and never got caught, you are “out of the woods.”

Knowing what to expect and how you should handle certain situations can be a difference between successfully resolving your tax case and getting into trouble.

An IRS audit is a review/examination of your IRS tax return to ensure information is being reported correctly, according to the tax laws, and to verify that the amount of tax reported is accurate.

During this online continuing education course, you'll learn about taking over an audit, constructing records for clients who failed to utilize proper accounting methods, preparing records and power of attorney, as well as communicating with the IRS.

This online CPE webinar will focus on practical considerations relevant to those cases that are selected for an IRS audit.

This online CPE course will cover the following topics:

  • All About Audits
  • How Audits Happen
  • Why They Happen
  • What IRS Knows
  • How to Get Prepared

This Online Accounting CPE Course is one of the best courses for Accountants and Approved for CPE Credits for CPA, AFSP, EA, & other tax preparers. It's a Part of Series:

Learning Objectives

  • To recognize where and how to research IRS audit practices for your client's industry
  • To identify how to find deductions, credits, or adjustments that were missed on the original tax return
  • To identify how to convince the IRS that your client didn't really earn all that extra money
  • To recognize why it's important to be ready with a good explanation when your client shows both Rental deductions and Office in Home deductions
  • To describe what the taxpayer doesn't need to do under the Office in Home Simplified Method
  • To identify how the Internal Revenue Manual rules regarding audits
  • To recognize which expenses are no longer deductible
  • To describe the allowable deduction for business meals
  • To recognize third-party sources the IRS might use to initiate an audit
  • To recognize how you can prevail in an audit when your client is in the wrong

Recommended For

  • This online CPE webinar for CPAs is recommended for any Professional representing client in Tax related disputes or audit

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Accounts Director
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • 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 Professionals
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 3 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00660-21-S)
  • 3 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 3 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0626)
  • 3 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 3 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00660-21-S)
  • 3 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00660-21-S)
  • 3 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 3 CE Credit for Certified Wealth Strategist (CWS)
  • 3 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 3 CPE Credit of Taxes for Certified Government Financial Manager (CGFM)
  • 3 CPD Credit of Taxes for Personal Financial Specialist (PFS)
  • 3 CPE Credit of Taxes for Chartered Financial Consultant (ChFC)
  • 3 CPE Credit of Taxes for Financial Services Certified Professional (FSCP)
  • 3 CPE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
  • 3 CPE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
  • 3 CPE Credit of Taxes for Retirement Income Certified Professional (RICP)
  • 3 CPE Credit of Taxes for Wealth Management Certified Professional (WMCP)

Additional details

  • Course Level :
    Basic
  • Credits :
    3
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

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.

Presenter

About Presenter

Lambers, Inc.

, Lambers, Inc.

Lambers Financial is a leader in providing E-learning courses for accounting professionals looking to achieve the industry's most recognized designations such as the Certified Public Accountant (CPA) and Enrolled Agent (EA). Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Lambers CPA Review was started by Vincent W. Lambers in July of 1966 in Boston, MA. The first class had six students and from that point, the program grew to be the largest live instruction CPA Review program in New England. The Lambers teaching method of illustrations, examples and working problems has helped over 250,000 candidates pass the CPA Exam since that first class in 1966.

Today, Lambers review courses deliver that same successful teaching style to exam candidates via online video, unique adaptive testing software, and textbooks. Over the last two decades, we've expanded our offerings to include the Enrolled Agent (EA), an extensive library of both IRS approved continuing education (CE) courses (including the IRS Federal Tax Refresher (AFTR) course for registered tax professionals), and NASBA approved continuing professional education (CPE).

See why Lambers Financial has remained a leader in professional education for over fifty years! Visit our website today to check out our full line of review courses and titles.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.7

36 Ratings

Excellent

26

Very Good

9

Average

1

Poor

0

Terrible

0

LR

Lisa Reavis, CPA (US)

Dec 27th, 2021

enjoyed the instructor. info was provided in an easy to follow manner

IS

Ismael Suarez, Accountant, EA

Oct 6th, 2021

Really helpful information and just enough not to overwhelm you.

RMC

Rosalba Maravilla Ceja, AFSP, CRTP, EA, RTRP

Jun 3rd, 2022

EXCELLENT PRESENTATION, I LEARNED A LOT

JB

Jacquelyn Brennan, EA

Dec 24th, 2021

Excellent resource! Very enlightening.

SLW

Siu Lung Wu, AFSP, EA

May 1st, 2022

good

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