Surgent's How to Effectively Represent Clients Under IRS Audit
Overview
Increased funding resulting from the enactment of the Inflation Reduction Act will allow the IRS to target many more wealthy individuals and large businesses for audit. These efforts will become more intense over the next several years as the IRS employs artificial intelligence in more of its audits. This program discusses how and when the IRS’s energized audit efforts will result in more audits of taxpayers and what attendees need to know to effectively represent clients that the IRS audits.
Delivery Method: Individual webcast
CPE Credit: Taxes
Program Level: Basic
This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by Surgent McCoy.
Highlights
- Why the IRS selects a tax return for audit
- What happens when the taxpayer disagrees with the results of the audit
- IRS employees who interact with taxpayers during an audit
- FATCA audits
- Types of IRS examinations
- Potential IRS audit outcomes
- Substitute for returns
- Large Partnership Compliance Program
- IRS’s shift in audit strategies
- Responding to IRS Notices online
- Audits of high income and high net-worth individuals
- The Bipartisan Budget Act of 2015 (BBA) and its impact on auditing partnerships
- IRS Letters of Concern
Prerequisites
None
Designed For
Any tax practitioner advising clients with respect to an IRS audit
Objectives
- Understand and advise clients on the current state of IRS audits
- Present an effective defense against an IRS audit
Preparation
None
Leader(s):
Leader Bios
Michael Frost
Mike Frost, CPA, of Jacksonville, Alabama, provides tax consulting, continuing education, and motivational speaking services through his company, Mike Frost Enterprises. Mike is a former shareholder of MDA Professional Group, PC, where he managed the tax department of the Albertville office. Mike has 30 years of experience in public accounting, including but not limited to: Business and individual income tax preparation and planning; mergers and acquisitions; estate, gift, and trust tax preparation; small business consulting; Medicare planning and other elder care; audit representation; and religious groups and clergy.
Mike has conducted CPE engagements and seminars throughout the United States and has served as technical advisor for tax articles in The Sand Mountain Reporter, a local newspaper. Mike has been a featured presenter at the Alabama Society of CPAs Annual Meeting and the Federal Tax Clinic held annually at the University of Alabama in Tuscaloosa.
Mike graduated with "high honors and distinction" from Jacksonville State University with a major in accounting and a minor in finance and a 4.0 GPA. He is a member of the American Institute of Certified Public Accountants and the Alabama Society of Certified Public Accountants. In addition, he is a graduate of the Tax Planning and Advising for Closely Held Businesses Certificate of Educational Achievement Program sponsored by the AICPA.
Non-Member Price $104.00
Member Price $99.00