Overview
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Practical administration of income tax policy
7 mins
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Whose responsibility to track it?
14 mins
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What are not SOLs?
21 mins
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False fraudulent returns
34 mins
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What does this mean?
46 mins
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Double allowance of deduction or credit
74 mins
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Trust fund recovery
93 mins
Course Description
What is the Statue of Limitation?
A statute of limitations is the amount of time a person/government has to take action on a legally enforceable crime.
This online CPE webinar will go into all the different statutes of limitations that may affect your clients with the Internal Revenue Service (IRS). A statute of limitations is the amount of time the IRS or the taxpayer has to do something before they are barred from performing such actions. This continuing education webinar will look at statutes of limitations such as assessments, collections, and refunds. We will also look at what can extend the statutes and what else could impact them.
After attending this online CE/CPE webinar, attendees will have a firm understanding of the IRS Statutes of limitations.
In this online CPE Tax webinar following are the major topics covered:
- What is meant by Practical Administration of Income Tax Policy?
- What does SOL Apply to and from where to refer SOL Law?
- Difference between Due Date and Statue of Limitations.
- Statue of Limitations- Assessment Procedure.
- Information to be included in Return
- Various Exceptions to Statute of Limitations
- Correlative Deductions or Inclusions for Trusts or Estates or for Legatees, Beneficiaries or Heirs
- Date of Assessment and Seizure notice.
Click here to access CPE/CE Courses on IRS Audit, Representation, and Resolutions.
Learning Objectives
- To determine the SOL for IRS assessment
- To analyse how SOLs can be tolled and extended or shortened
- To discuss how the IRS collection process can stop with the statute of limitations
- To discuss the process to extend statutes of limitation
- To determine how to construe the law and exception 6501(c)
- To analyse implications of False Fraudulent Return and subsequent Real return
Recommended For
- This IRS-approved CE Webinar is recommended for CPAs, EAs, Tax Firms, Tax Practitioners, and other Tax Professionals interested in updating their knowledge regarding IRS Statutes of Limitation.
Who Should Attend?
- Annual Filing Season Program
- California Registered Tax Professional
- Certified Public Accountant (CPA)
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Enrolled Agent
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Accountant (Industry)
- Tax Director (Industry)
- Tax Firm
- Tax Practitioners
- Tax Professionals
- Young CPA