Participants will learn how to interpret the most common IRS correspondence, adhere to response deadlines, and effectively communicate with the IRS to resolve issues and minimize risks. It provides professionals with knowledge and strategies needed to handle the most common notices including audit requests, collections & return inquiries as well as error notices. Focusing on best practices to ensure compliance and avoiding penalties or escalation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Identify exactly what a CFO/Advisor does
- Determine if you're qualified to provide CFO/Advisory services
- Replace your income with just advisory clients
- Package and price your advisory services
- Combine tax and advisory services (if you still want to offer tax)
- Deliver an advisory service in a way that keeps clients coming back for more
Major Topics
The major topics that will be covered in this course include:
- Overview of the IRS collection process.
- Taxpayer rights and the Taxpayer Bill of Rights.
- Collection due process and appeals.
- Installment agreements and offers in compromise.
- Wage garnishments, levies, and liens.
- Penalties and interest.
