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Course Details

IRS Statute of Limitations (Video) (Course Id 978)

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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%
Primary Subject-Field Of Study:

Taxes - Taxation for Course Id 978

Description :

This unique course covers a very confusing area of tax compliance. There are many situations where the statute of limitations differs from the 3-year period. Additionally there are relief provisions for both the taxpayer and the IRS if the statute has expired and it results in inconsistent treatment for either party.

Due to its budgetary crisis, it is difficult to get guidance from the Internal Revenue Service. Taxpayers and tax professionals alike must now fend for themselves by researching the IRS website for information.

How long can the IRS pursue an examination or collection action? Is it possible to advise the IRS that it does not have the legal authority to assess a tax and to ask it to please refrain from action against you, your business, or your client?

This class will cover the impact of a net operating loss and the impact of a carry back on normally closed years. It will also cover IRS policies relating to extended failure to file situations and Internal Revenue Code sections 1311, 1312, and others that provide relief to taxpayers.

Stu Sobel shares his 48 years of tax wisdom. He retired from the IRS after working for 30 years in examination and high-level management positions. He has written four books on taxation and trained thousands of tax professionals around the world.

This course will cover the following topics:

    • Statutes of limitations for many different types of tax situations
    • Advice on whether or not to extend the statute of limitations in a tax controversy situation
    • Impact of a net operating loss on the statute of limitations
    • How to advise the IRS that a statute of limitations has expired and that the IRS is prohibited from assessing tax
    • Filing protective claims for refund in order to protect the statute of limitations in the taxpayer’s favor
    • Utilizing the mitigation of statute of limitations provisions to protect the taxpayer from inconsistent IRS treatment

Usage Rank : 0
Release : 2016
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 : 19-Apr-2016
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 :

NASBA QAS - NASBA Registry - IRS Enrolled Agents - 978

Keywords : Taxes, IRS, Statute, Limitations, Video, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • Understand the different statutes of limitations for assessment and collection
    • Acquire techniques that can be used to avoid inconsistent treatment by the IRS
    • Learn how to use the IRS website to research solutions to complicated statute of limitations questions
Course Contents :

Chapter 1 - IRS Statute of Limitations

 

Chapter 1 Review Questions

 

Tax Transcript Glossary

Taxes Course 978 Home: https://www.cpethink.com/irs-ea-cpe-courses
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