IRS Audit and Appeals – The Process and Effective Defense Strategies
On May 26, 2020, at 12:00pm (Eastern Time), join us for a free webinar with U.S. tax attorney Alexey Manasuev, LL.M. (Int’l Tax), NYU, TEP, will provide an overview of the Internal Revenue Service (“IRS”) audit and appeals process, including key considerations relevant to the statute of limitations and strategies on ensuring effective client representation before the IRS on U.S. international tax and cross-border tax matters.
Topics Covered in This Webinar.
Only less than one percent of all individual U.S. income tax returns is audited by the IRS. The audit rate of business tax returns is higher, but is still very low. Some taxpayers and their tax return preparers prepare their tax returns (or returns for their clients) hoping that such returns would never be audited by the tax authorities. And, the reality is that they are in many cases not. But very few taxpayers who are affected may not be so lucky and may get in trouble due to the lack of reasonable tax filing position and incorrect standard of comfort under the applicable rules of professional responsibility for representing clients before the IRS used for the filed tax return.
Who Will Benefit From Attending This Webinar?
This webinar is intended for individual taxpayers, business owners, businesses, their trusted advisors and tax professionals. The content is especially relevant to U.S. tax and Canadian tax advisors who are assisting their clients in addressing U.S. tax and cross-border implications.
Here is just a sample of what we will cover during this webinar:
• Why did the IRS select you?
• IRS audit red flags;
• Overview of the IRS audit and Appeals process;
• How to effectively prepare for an IRS audit?
• How to effectively manage an IRS audit?
• Practical tips and considerations;
• … and more!
To learn more, please register and gain the knowledge you need to help your clients prepare for their 2020 tax season and effectively manage their potential U.S. tax exposure. Plus, you can earn up to 1 CPD credit (relevant to Canadian CPAs). We hope you join us!