Tax Accounting for Inventories - Tax Staff Essentials

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  • Location
    • Your Space
      Your Space
      Self Study - AICPA, ID 00000
  • Credits
    • 2.00
  • Credit Type(s)
    • Taxes (Technical) (2.00)
  • Prerequisites
    • None

  • Vendor
    • AICPA
  • Level
    • Intermediate
  • Fields of Study
    • Taxes
  • Message
    • When & Where You Want

Description

Understand IRS audit processes so you can represent your clients with confidence.

Designed For

  • Intermediate and experienced CPAs
  • Enrolled agents
  • Attorneys

Objectives

  • Evaluate IRS audit trends and the audit selection process.
  • Determine when an IRS request could be challenged.
  • Identify the timing, scope, and location of various IRS audits.
  • Understand IRS audit techniques and inquiries and appeal rights.
  • Manage the information document request process and evaluate the contents of a revenue agent report.

Highlights

  • Assessment processes
  • Audit selection, examination, and the appeals process
  • Installment agreements
  • Offers in compromise
  • Advising delinquent taxpayers
  • The IRS collection process for tax liens, levy, seizure, and sale
  • Bankruptcy and the effect on tax liabilities
  • Practice before the IRS
  • Business taxation
  • Tax liens levy seizure

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