Target Audience: CPAs, EAs, Annual Filing Season Program Participants
Field of Study: Taxation (NASBA); Federal Tax/Tax Related Matters (IRS)
IMPORTANT INFORMATION REGARDING CONTINUING EDUCATION CREDIT: THE IRS ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING EDUCATION CREDIT FOR ENROLLED AGENTS (EA) AND ANNUAL FILING SEASON PROGRAM (AFSP) PARTICIPANTS. Others, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.
Note: the credit received from this seminar qualifies as continuing education that is required to obtain the voluntary AFSP – record of completion. however, this website does not offer the AFSP annual federal tax refresher (AFTR) course.
IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG
DISCLAIMER: THIS SEMINAR WAS FILMED IN CHICAGO, ILLINOIS, ON JULY 25, 2019, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.
The IRS Taxpayer Advocate Service presented this seminar at the 2019 IRS Nationwide Tax Forum.
This session will cover the requirements and procedures for submitting an amended return and remedies available for taxpayers that disagree with the results of an IRS audit. The session will also discuss the IRS Audit Reconsideration process when the taxpayer wants to reduce or eliminate an assessed tax liability, resulting from an audit, as well as, the procedures for requesting a refund for taxpayers who have already paid the amounts assessed from an audit.
By the end of this presentation, you will be able to:
• Discuss the basic components of an audit reconsideration
• Determine when an audit reconsideration is appropriate
• Identify how to initiate an audit reconsideration
• Differentiate between an audit reconsideration and an amended return
• List potential penalties the IRS may assess when filing an amended return
No prerequisites or advanced preparation are required for this seminar.