Understand the IRS process for selecting returns for examination Identify the types of returns the IRS is examining Understand what are the hot examination issues the IRS is focusing on to help clients reduce their exposure to additional tax assessments Determine if your client is a victim of tax
Experience in preparing individual and business tax returns
Due to IRS issue focused examinations, CPAs need to understand what types of returns are selected for examination and ways to help clients survive an IRS audit with little or no change. As a result of issue focused examinations, CPAs must understand what are the high audit risk area issues and what the IRS is focusing on when a return is examined. In addition, because tax-related identity theft is a common issue for many taxpayers, it is critical for CPAs to understand the procedures necessary to resolve this matter for their clients.