Name: IRS Representation Series -Steps After Collections Or Audits
Price: 91 USD

What You'll Learn

check_circleIdentify and apply a list of steps to take after an audit has been successfully resolved, and after a collections battle has been won

check_circleRecognize which form to use to file an amended return

check_circleIdentify tax attributes are only reductions

check_circleDescribe the most beneficial way to remove a lien for the client

check_circleRecognize the worst result in an audit

check_circleDifferentiate reasons to get a copy of the audit closing letter

check_circleIdentify what would not cause you to have a reduction in tax attributes

check_circleRecognize which lien release removes the lien from the taxpayer's credit soonest

check_circleDescribe why your client should never sign Form 2504

check_circleRecognize what you need in order to get certain liens or levies released, after a successful audit reconsideration

check_circleIdentify changes to Medical Expenses will not require amending other years

check_circleRecognize which change would generally require amending other years

check_circleDescribe true statements about cancellation of general personal or business debt

check_circleIdentify which form to use to get a quick refund when you have a net operating loss for certain Farming Losses on the current year's tax return

check_circleIdentify true statements for once you elect to waive your right to a net operating loss carryback

About This Course

The audit process doesn't end with successful collections or OIC. During this course, you'll learn more about the complexities of closing letters, lien release, adjustment of tax attributes, and amending prior federal and state returns.

This course will cover the following topics:

-The end of the audit -Closing letters - how to read them, and ensuring you get them, and the importance of ensuring you get them -Adjustment of tax attributes -Amending prior IRS and State returns affected by the settlement -Preparing current year returns based on audit results -Successful Collections - OIC or IA -Getting liens released

Field of Study: Taxes IRS Field of Study: Federal Tax

Your Instructors

Lambers Inc.

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Lambers, Inc. is a leader in review courses for the EA, AFSP, and CPA exams. Lambers also offers IRS Continuing Education for Tax Preparers and CPE for CPAs. Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Eva Rosenberg

EA, CTC, CTRS (the Internet’s TaxMama®)

Eva Rosenberg, EA, CTC, CTRS (the Internet’s TaxMama®) has a BA in Accounting and an MBA in International Business. Eva developed the EA Review course for UCLA over 20 years ago and has been teaching her own comprehensive EA course online for 15 years. Eva is a member of the IRS’ Los Angeles Stakeholder Practitioner Liaison team, and is the award-winning author of two best-selling books, Small Business Taxes Made Easy, published by McGraw-Hill and Deduct Everything! from Humanix Publishing. Eva was also a columnist for Dow Jones’ www.MartketWatch.com for nearly 15 years.

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

IRS Representation Series -Steps After Collections Or Audits

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