How IRS Policies and Procedures Will Play Out in 2017
Over the past several years, the IRS has seen significant budget cuts with a corresponding reduction in the quality of service provided. While the IRS has dramatically reduced its enforcement efforts as a result, the agency also announced an initiative last fall to turn over debt collection from taxpayers to four private contractors. The IRS is also increasing its collections offshore accounts, and it recently announced that it has collected $10 billion from its efforts in encouraging voluntary disclosure and non-prosecution agreements.
Join this session by industry veteran Robert E. Mckenzie, which will examine all of the IRS methods used in this new environment. Robert will cover the new priorities and procedures for IRS examination and collection, and will discuss IRS criminal investigation initiatives. He will also address the recent important developments for practitioners, taxpayer advocate services, new procedures at IRS campuses, and the impact of the new IRS leadership.
This session will discuss about:
The current changes in IRS authority and preparer regulations
The most litigated tax issues and taxpayer advocacy to Congress
IRS enforcement, investigations and audits
IRS hiring activities
Updates and changes to the Appeals Judicial Approach and Culture Project (AJAC)
Practitioner information, including whistle blower reforms and awards, VCSP, offshore accounts, identity theft and more resources for victimized taxpayers
Tools for collections and procedures
New initiatives and policies for OIC
IRS staffing for key enforcement personnel
IRS's closing of return process centers, and what that means for your business?
Regulations affecting tax preparers
How the voluntary program works?
Analyzing the Taxpayer Bill of Rights in the PATH Act of 2015
Taxpayer advocate reports
Exam rates for S Corporations and partnerships
The prosecution of U.S. Tax Court Judge Diane Kroupa for tax evasion
Employment taxes as a top prosecution priority
An NRP study you need to understand
The IRS 2017 budget and priorities
New appeals processes
Misclassified workers as a hot topic
The effect of FATCA
Banks that will cause taxpayers to pay higher penalties
How the ID theft hotline is working?
The ins and outs of private collection efforts
How revocation or denial of passports fits in?
Higher user fees in 2017 and what they mean for you?
The latest on fresh start initiatives
Understanding reduced value of assets and calculation of future income
NASBA & IRS Category of Study: Taxes
Who Should Attend
CPAs and Enrolled Agents
Finance and Accounting Professionals
Accounting and Taxation firms
Law firms dealing with tax issues
Profit businesses involved in joint ventures with nonprofit organizations
Robert E. McKenzie is a partner of the law firm of Saul Ewing Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the Internal Revenue Service and state agencies. He has lectured extensively on the subject of taxation. He ...