The Tax Bill is Huge! What's Next for your Client

Course Details

Date

Monday, July 13, 2020

4:00am – 6:00am

Field of Study

Taxation

Course Number

CC2112

CPE Credit

2.0 hours CPE credit

Level of Knowledge

Basic

Vendor

CPA Crossings

Prerequisites

None

Description

The return is complete but your client has a huge tax bill! What can you do to help? Or you have a new client and they have historical IRS debt. We'll outline the top ways for your client to manage the money they owe the IRS. Learn about how the collections system works and how you can be a hero to your clients when working with the IRS to manage their debt.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this class include:

  • IRS collection process
  • How the IRS utilizes Tax Liens and Tax Levies to collect back taxes, and the various options practitioners have to help taxpayers.
  • Review of the collection alternatives available, including installment agreements, noncollectable status, offers-in-compromise and bankruptcy.

Objectives

After attending this presentation you will be able to...

  • Identify how to begin a civil audit engagement including client onboarding, pricing, engagement letters, Power of Attorney management, and how to prepare for the initial meeting with the auditor
  • Recognize what the notices and forms you will encounter mean and how to read them
  • Create a case plan and checklist of documentation, files, and other items you will need from the client
  • Identify the strategies for handling the auditor and the client

Designed For

CPAs and Accountants

Course Pricing

Member Fee

Applicable if you are a HSCPA member in good standing.

$79.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$109.00
Your Price $109.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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