CPE Course Hot IRS Tax Examination Issues for Individuals and Businesses

December 18, 2019

8:30am — 4:15pm

Location Manchester

Member Price $259.00Register after November 27 and pay $279.00
Non-member Price $359.00Register after November 27 and pay $379.00

Curriculum Taxation

Field of Interest Accounting and Auditing, Auditing, Accounting (General), Taxation (General)

Level Intermediate

Designed For

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

Objective

Recently, the IRS has dramatically ramped-up its examination of specific 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.

Learning Objectives:

  • 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: in-depth understanding of hot IRS audit examination areas     
  • What the IRS is looking at in businesses with loss histories     
  • Selected industry-specific issues, including construction, retail, food, bars, etc.     
  • Business consultants     
  • Post-audit: the 30-day letter and the 90-day letter -- what they mean to the taxpayer.

Instructors

Jonathan Ingber

Jonathan S. Ingber is currently employed at Kwal + Oliva, CPAs. He is responsible for conducting tax research and drafting all tax memoranda. He also reviews and prepares all types of tax returns for clients.Mr. Ingber was a partner in the firm of Seldine and Ingber, CPAs from 1973 to 2002. From 2002 to 2005, he was adjunct professor of taxation at Florida International University of the Alvah H. Chapman Graduate School of Business. In addition, he has taught in 44 states on many subjects including corporate liquidations, partnership taxation, fiduciary accounting, complex individual income tax returns, incorporating an existing business, depreciation under MACRS, income taxation of estates and trusts, subchapter S corporations, limited liability companies, repeal of the General Utilities doctrine, alternative minimum tax, passive-activity losses and credits, function of state law in resolving federal tax controversies, uniform capitalization rules, taxation of contractors, tax-free reorganizations, and federal tax research. He has been an outstanding seminar leader for FICPA for over 31 consecutive years, and has also been a member of The Florida Bar since 1971. Mr. Ingber received his bachelor’s degree in accounting from Queens College of the City University of New York, an LL.B. from New York University School of Law, and an MST degree from Florida International University Graduate School of Business. He was awarded the American Jurisprudence Prize in torts in 1965 and federal jurisdiction in 1966.close

Prerequisites

Experience in preparing individual and business tax returns

Developer

Surgent McCoy CPE, LLC

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