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TAXPRO Symposium Details

Working with the IRS
8 CPE for EA, CPA, CRTP

In recent years it seems as though the IRS is inescapable. Notices are flying out of the IRS offices like planes out of a busy airport and audits of taxpayers and tax professionals have increased. Being able to work with the IRS when clients are faced with audits or delinquency can be challenging, but understanding the rights you and your client have and how the IRS has acted in similar situations can help you prepare. This course is designed to provide you with guidelines for working with the IRS and examples of real-life situations and their conclusions so that you’re prepared if the IRS comes knocking. 

Upon completion of this course, the learner will be able to:

  • Explain the three types of IRS audits and techniques for handling each type so your clients understand what they might face in an audit.
  • Explain the first steps to responding to an IRS examination or audit.
  • Identify the potential penalties a tax professional and taxpayer can be subject to.
  • Describe the options available to a taxpayer who disagrees with the findings of an IRS examination or audit.
  • Follow best practices to assist delinquent taxpayers in satisfying their tax obligations.

CPE Sponsor Information

Course Year: 2014
Course Level: Intermediate
Prerequisite: Basic knowledge of federal tax law
Advance Preparation: None
Delivery Method: Group-Live

CPE CreditsDesignationField of Study
IRS8EAFederal Tax Law Topic
NASBA8CPATaxes
CTEC8CRTPFederal Tax Law Topic
CFP Board0CFP®N/A

For IRS purposes, there is no competency test or mandatory continuing education for other tax return preparers, but this category of tax preparer may take continuing education voluntarily. 

The Essential 1040®
8 CPE for EA, CPA, CRTP
6 CPE for CFP®

For 29 years NATP has been providing the best tax update in the country to prepare professionals for the coming tax season. This tradition of excellence will continue in 2014. This course covers the standard features of the inflation-indexed updates for preparing individuals 2014 tax returns, new tax laws applicable to 2014 and recent developments. This is combined with two hours of Ethics.

Upon completion of this course, the tax professional will be able to:

  • Apply inflation-adjusted amounts to 2014 individual tax returns.
  • Identify expired tax provisions.
  • Summarize new federal tax laws that have passed since 2013.
  • Identify federal tax provisions first taking effect in 2014.
  • Apply the latest court and IRS rulings to taxpayers' current situations.
  • Provide tax advice for clients in light of new developments.
  • Describe the current IRS hands-on initiative to improve the accuracy and quality of filed tax returns and to heighten awareness of preparer responsibilities.
  • Explain the Circular 230 rules governing individuals eligible to represent taxpayers before the Internal Revenue Service (IRS).
  • Identify the various penalties that can be assessed on a tax return preparer and how to avoid them.
  • Explain due diligence requirements for earned income tax credit (EIC).

CPE Sponsor Information

Course Year: 2014
Course Level: Update
Prerequisite: Basic knowledge of preparing Form 1040
Advance Preparation: None
Delivery Method: Group-Live

CPE CreditsDesignationField of Study
IRS4EAFederal Tax Law Update
2Federal Tax Law Topic
2Ethics
NASBA6CPATaxes
2Regulatory Ethics
CTEC4CRTPFederal Tax Law Update
2Federal Tax Law Topic
2Ethics
CFP Board6CFP®Income Tax Planning

For IRS purposes, there is no competency test or mandatory continuing education for other tax return preparers, but this category of tax preparer may take continuing education voluntarily.

Beyond the 1040®
8 CPE for EA, CPA, CRTP, CFP®

Stop talking about adding value to your clients and do something about it! Do the things that will strengthen client relationships and lead to future client referrals. Teach your client how to properly substantiate their deductions. Be prepared to advise your client going through a divorce the tax ramifications of how the divorce decree is written. Ensure your clients avoid the underpayment penalty by computing accurate quarterly estimated tax payments for them. Properly report foreign investment income and disclose foreign investments to comply with new IRS requirements. Learn how to do all of these things in Beyond the 1040.

Upon completion of this course, the tax professional will be able to:

  • Identify the most appropriate filing status for separated or divorced taxpayers.
  • Distinguish which parent is eligible to claim a child as a dependent.
  • Differentiate between alimony, child support, and property settlements.
  • Recognize when the Cohan rule has been allowed by courts to claim a business expense.
  • Describe to clients the strict substantiation requirements for travel expenses and charitable contributions.
  • Calculate the minimum amount of tax payments that must be made during the year in order to avoid the underpayment penalty based on the taxpayer's current and prior year's taxable income.
  • Forecast a taxpayer's required estimated tax payments for the next tax year based on current year income.
  • Complete Schedule H to report household employment taxes.
  • Complete Form 1116 to claim the foreign tax credit.
  • Identify when a taxpayer is required to file Form 8938 and FinCEN Form 114, Report of Foreign Bank and Financial Accounts.

CPE Sponsor Information

Course Year: 2014
Course Level: Intermediate
Prerequisite: Basic knowledge of individual taxation
Advance Preparation: None
Delivery Method: Group-Live

CPE CreditsDesignationField of Study
IRS8EAFederal Tax Law Topic
NASBA8CPATaxes
CTEC8CRTPFederal Tax Law Topic
CFP Board8CFP®Income Tax Planning

For IRS purposes, there is no competency test or mandatory continuing education for other tax return preparers, but this category of tax preparer may take continuing education voluntarily.

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