Vermont Society of Certified Public Accountants
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Surgent's Representing a Client in an IRS Audit
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-
Member Price:
$214.00
Non-Member Price:
$214.00
- Date/Time:
- Jan 20, 2027, 9:00am–12:00pm
- Developer:
- SURGENT MCCOY SELF-STUDY CPE, LLC
- CPE Credits:
-
Taxes: 3.00
- Fields of Study:
-
Taxes
- Level:
- Basic
The Inflation Reduction Act of 2022 called for delivering nearly $80 billion to the IRS over 10 years to allow the IRS to purchase new technology and hire employees. This funding would have provided the IRS with new equipment and new employees, possibly to handle more audits, many of them involving very complex tax issues. The Trump Administration has reversed this with prospects for a reduction in IRS employees and less money to fund the purchase and development of new software.
This program discusses the current state of IRS audits. Trump administration changes will of course have enormous impacts on these audits going forward.
Objective
- Thoroughly understand the current state of IRS audits
- Advise clients regarding anticipated changes in upcoming IRS audits
Highlights
- Impact of the Trump Administration on IRS funding
- Reduction in IRS staffing
- Potential reduction in IRS’s ability to process and audit tax returns
- Status of IRS Direct File program
- Auditing large corporations and partnerships
- Audits of high income and high net worth individuals
- Information document requests
- What happens when a client agrees or disagrees with the IRS’s audit findings
- The Dirty Dozen for 2025: roadmap to IRS audit issues
Designed For
Accounting and finance professionals advising clients with respect to an IRS audit
Prerequisite
None
Advanced Preparation
None