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Course Details

How the IRS Determines Income - v06 (Video) (Course Id 964)

Updated / QAS / Registry / EA
Author : Stuart Sobel, Enrolled Agent (EA), Author, Radio Host, Indiana University Faculty
Status : Production
CPE Credits : 1.0
IRS Credits : 1
Price : $14.95
Passing Score : 70%
Course Type: Video - NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 964

Description :

The IRS is not limited reviewing only a taxpayer’s books and records to verify income. IRS examiners are allowed to use specific income approaches and alternative methods to propose adjustments. This class will help practitioners to understand the approaches the IRS uses and provide them with adequate defenses for their clients.

The following topics are discussed in detail:

    • Return selection process: how to avoid unnecessary examination
    • Setting the scope of examination with the IRS examiner
    • In-depth analysis of the source and application of funds method, cash transaction analysis, and the net worth method used to determine unreported income

Usage Rank : 0
Release : 2018
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 02-Apr-2018
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

Video - NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 964

Keywords : Taxes, How, IRS, Determines, Income, 2016, Video, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon successful completion of this course, participants will be able to:
    • Learn how to provide the best advice for clients
    • Identify the most common errors the IRS makes in verifying income
    • Prepare adequately for an IRS examination of reported income
Course Contents :

Chapter 1 - Chapter 1 - How the IRS Determines Income


Chapter 1 Review Questions


Tax Transcript Glossary

CPE Taxes Course: https://www.cpethink.com/irs-ea-cpe-courses
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