HOT IRS Tax Examination Issues for Individuals and Businesses

Course Details

Date

Wednesday, October 18, 2017

8:30am – 4:30pm
(Registration: 8:00am)

Location

Prince Waikiki

100 Holomoana Street

Honolulu, HI 96815

808-956-1111

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Course Number

EXIB

CPE Credit

8.0 hours CPE credit

Instructor

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Experience in preparing individual and business tax returns

Description

Recently, the IRS has dramatically ramped-up its examination of individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.

Highlights

  • Prepare now and protect yourself from new audit examinations from the Net Investment Income Tax
  • Schedule C and cash basis audit issues the IRS has gotten very tough
  • Vehicles, meals, and entertainment, and fringe benefit documentation
  • Passive losses and passive income: in-depth understanding of hot IRS audit examination areas
  • What the IRS is looking at in businesses with loss histories
  • Selected industry-specific issues, including construction, retail, food, bars, etc.
  • Business consultants
  • Post-audit: the 30-day letter and the 90-day letter what they mean to the taxpayer
  • Objectives

  • Understand what the IRS is focusing on in auditing individuals and selected businesses
  • Help clients reduce their exposure to additional tax assessments
  • Determine strategies for dealing with IRS examiners and presenting your clients' tax positions in the best light possible
  • Designed For

    CPAs in public practice who prepare tax returns and represent their clients on IRS examinations

    Registration for this course has passed.

    Course Pricing

    Early Registration Member Fee

    Applicable if you are a HSCPA member in good standing and register by October 3, 2017.

    $270.00
    Member Fee

    Applicable if you are a HSCPA member in good standing.

    $320.00
    Early Registration Non-Member Fee

    Applicable if you are not a HSCPA and register by October 3, 2017.

    $370.00
    Non-Member Fee

    Applicable if you are not a HSCPA member.

    $420.00
    Neighbor Island Discount

    Applicable for Neighbor Island members in good standing

    -$75.00
    Associate Neighbor Island Discount

    Applicable for Associate Neighbor Island members in good standing

    -$25.00
    Your Price $420.00

    CPE Choice

    Learn more about CPE Choice.
    CPE Choice Fee $240.00

    View All Courses