IRS Practice and Procedure Update


Overview
While most practitioners stay current on developments in rulings and regulations, it can be more difficult to find useful information that covers new IRS pronouncements on procedures and ethical guidelines.  Relying on the IRS for assistance in 2016 is an effort in futility.

This course is here to help.  Stuart Sobel, an IRS expert with 49 years of unique tax experience, will help you to stay current, reduce wasted time, and diminish stress in your tax practice.  

Objectives
Upon successful completion of this course, participants will be able to:

  • Acquire new information about recent developments in IRS practice and procedures
  • Research the Internal Revenue Manual
  • Implement new techniques that will reduce their clients’ tax liabilities
  • Properly advocate for their clients
Emphasis
The following topics are discussed in detail.
  • How to research the Internal Revenue Manual
  • Significant changes to IRS Circular 230 and the status of legislation dealing with mandating all preparers be governed by IRS Circular 230 – Wyden/Hatch Bill
  • IRS Examination program new developments – changes in examination targets
  • Offers in compromise, installment agreements, and other collection actions
  • IRS reductions in taxpayer service
  • IRS penalties – preparing Forms 8275 and avoiding penalties
  • Major IRS problems identified by IRS advisory group and the Treasury Inspector General for Tax Administration 
  • Offshore voluntary initiative and hot international tax issues
  • New IRS tools and resources that save valuable time
Prerequisite
None
 
Preparation
No advance preparation required
 
Level of Knowledge
Intermediate
 
CPE Credit
2 Hours
 
Delivery Method  
Group Internet Based
 
NASBA Field of Study
Taxes

Author
Stuart Sobel