Learn How to Achieve the Best Possible Outcome in Any IRS Audit
It is important for tax professionals representing clients in an IRS audit to be able to address crucial questions such as: Why am I being audited? What happens during an audit? What happens after an audit? Being able to properly address these fundamental questions not only enhances your professional image, but also enables you to provide the best possible client representation. And most importantly, it helps you to achieve a more favorable outcome in any IRS audit. As the old saying goes: knowledge is power.
Find out how to navigate the IRS audit process successfully for your clients with former IRS manager James Pickett, who will bring you up to speed with the pre-litigation portion of the IRS audit, and tax attorney George Abney, who will show you how to best dispute audit findings and reach a favorable settlement.
Understand all phases of the IRS audit process, and catch up on the important recent developments, such as on why a taxpayer was selected for audit, and what to expect during the audit – as well as how the Large Business International (LBI) Division’s decision to adopt an issue-focused audit approach will impact field audits throughout the IRS. Explore the specific tools IRS uses in audit selection, including various data analytic techniques, and the key considerations and avenues open to taxpayers disputing the results of an audit. Learn the differences between appeal avenues within the IRS and those available through the courts. Find out what should you consider when deciding the best approach to take in an IRS audit dispute – and how to handle potential post-audit collection issues, plus more.
After attending this in-depth webinar, you’ll be able to confidently discuss the audit selection process with your clients, dispute the results of an audit more effectively, and improve the odds of achieving favorable settlements from IRS appeals.
Take a look at what this session will cover:
Why am I being audited?
LBI Campaigns – issue-focused examinations
IRS use of data analytics – DIF, NRP, AUR, ASFR
IRS whistleblower claim
What happens during an audit?
Letters/notices – math error vs. correspondence examination
Penalty notices – reasonable cause or first time penalty abatement
Field or correspondence
Field examinations – LBI vs. SBSE
What happens after an audit?
Alternative Dispute Resolution (ADR)
NASBA & IRS Category of Study: Taxes
Who Should Attend
CPAs and attorneys in tax controversy and tax compliance practices
Corporate officers and managers having IRS tax compliance responsibilities, such as CFOs and Tax Directors
Financial advisors who assist clients with IRS matters
James Pickett is a Director in the Tax Controversy practice at Bennett Thrasher, LLP, where he is responsible for helping clients manage their tax disputes involving both field and correspondence audits, post audit issue resolution including representation in IRS Appeals, IRS penalty and collection ...
George Abney is a partner with Alston and Bird’s Tax Controversy Team, whose practice focuses on civil and criminal tax controversy matters. Mr. Abney has significant trial and appellate experience gained from years as a federal prosecutor with the Tax Division of the U.S. Department of Justic...