IRS Correspondence Examination and Matching Programs - v06 (Video) (Course Id 976)

Taxes - Taxation for Course Id 976

Seventy-five percent of all IRS audits are conducted through correspondence rather than in face-to-face confrontation. The audits, which are automated and centralized, are conducted using standardized and extremely inflexible procedures. Although it would seem that this type of audit would be less burdensome, in a majority of situations it amounts to trying to establish a pen pal relationship with a pre-programmed computer.

This course is led by IRS expert, Stu Sobel, whose 49 years in practice include 30 years as an IRS employee. During those 30 years, he held a number of positions in examination functions including high-level management. By making the IRS correspondence and matching programs more understandable, Stu will lessen the stress for you and your clients and will make these audits less "taxing."

Who Should Attend: All levels of practitioners who need the knowledge and tools to represent clients before the Internal Revenue Service.

Topics Covered:

• In-depth analysis of IRS audit selection process — which issues generate an IRS correspondence audit?
• The IRS return classification process
• Identification of the types of tax returns (i.e., 1040, 1120, 1065) selected for correspondence examination
• Tips to avoid a return being selected unnecessarily
• Proper techniques for answering inquiries by mail or telephone
• How to save time unless you enjoy listening to the IRS's music while you wait for someone to answer
• How to request a field examination
• Delays of tax refunds
• Earned income credit inquiries
• Appealing a correspondence audit's negative findings
• How to avoid penalties
• Overview of 1099 reporting
• Researching the IRS Manual

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 976

Course Learning Objectives

• Understand the IRS audit selection criteria.
• Understand the IRS audit selection criteria.
• Learn how to eliminate unagreed cases that require resolution by the IRS appeals function.

Chapter 1 - IRS Correspondence Examination and Matching Programs

Chapter 1 Review Questions

Tax Transcript Glossary