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Tuesday, November 10, 2020 Webcast

Hot IRS Tax Examination Issues for Individuals and Businesses (E2011101)

9:00 AM - 4:30 PM EST

Registration: 8:30 AM EST

webcast

Webcast

8.0 CPE Credits in TX

OVERVIEW

Recently, the IRS has dramatically ramped-up its examination of individuals and small business taxpayers. Now, more than ever, CPAs need clients to understand the need for documentation and procedures to substantiate what IRS auditors are pursuing. Learn the high audit risk areas and ways to help clients survive an IRS audit with little or no change. It is critical for CPAs in public accounting to understand the risk to clients and to themselves in tax return preparation and planning.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

CPAs in public practice who prepare tax returns and represent their clients on IRS examinations.

BENEFITS

  • Understand what the IRS is focusing on in auditing individuals and selected businesses
  • Help clients reduce their exposure to additional tax assessments
  • Determine strategies for dealing with IRS examiners and presenting your clients tax positions in the best light possible

HIGHLIGHTS

  • Prepare now and protect yourself from new audit examinations from the Net Investment Income Tax
  • Schedule C and cash basis audit issues -- the IRS has gotten very tough
  • Vehicles, meals and entertainment, and fringe benefit documentation
  • Passive losses and passive income: hot IRS audit examination areas
  • What the IRS is looking at in partnership and LLC returns
  • Selected industry-specific issues, including construction, retail, food, bars, etc.
  • Business consultants
  • Post-audit: the 30-day letter and the 90-day letter, and what they mean to the taxpayer

COURSE LEVEL

Intermediate

PREREQUISITES

Experience in preparing individual and business tax returns.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • This seminar qualifies for IRS credit.

Course materials are distributed electronically. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Douglas Stives

Douglas P. Stives, CPA, M.B.A.

Specialist Professor

Monmouth University

Douglas (Doug) Stives, CPA, MBA, is a full-time professor of accounting at Monmouth University in West Long Branch, New Jersey, where he started in 2006. Doug was honored as the Outstanding Business Professor of the Year in 2009 and 2016. He graduated from Lehigh University with a BS in 1968 and an MBA in 1969. Doug started his career at PricewaterhouseCoopers in 1969 and later joined a small CPA firm that became The Curchin Group, located in Red Bank, New Jersey, where he was a partner for 34 years and continues as a consultant. In 1989 and 1990, Doug was the youngest president of the New Jersey Society of CPAs. He served the AICPA as a representative to Council, a member of the Tax Division Executive Committee, and chair of several committees. Doug is a frequent speaker for many state CPA societies. He’s been quoted in the New York Times, Wall Street Journal, Forbes, and other national publications, and he has appeared on CNN, CNBC, PBS, and the three major networks. Doug remains active with his college fraternity, the Kappa Alpha Society, where he served as national president for several years. He also served on many charity boards and was chairman of the Community YMCA in Red Bank, New Jersey.

PRICING

$389.00 - Nonmember

$289.00 - Member

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

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COURSE DEVELOPER

Surgent