IRS Streamlined Procedures and the Nonwillful Certification
This course provides an in-depth examination of the IRS Streamlined Filing Compliance Procedures, focusing on eligibility requirements and the nonwillful certification process. Participants will learn how taxpayers with unreported foreign financial assets can use these procedures to come into compliance while mitigating penalties. The course also explores key documentation requirements, common pitfalls, and best practices […]
Tax Research Strategies
This course equips participants with effective tax research strategies, focusing on locating, interpreting, and applying authoritative guidance to resolve complex tax issues. Participants will learn to navigate primary sources such as the Internal Revenue Code, Treasury Regulations, and IRS rulings, as well as secondary resources for practical insights. The course emphasizes developing a systematic approach […]
Amended vs Superseded Returns
A discussion of superseded vs amended returns as well as statutes that impact filing these returns. This is not a class of preparation but rather and overview of when you would file these returns and the problems with barring refunds and expiring statutes.
Employment Taxes and the Trust Fund Recovery Penalty
This course provides a comprehensive overview of employment tax obligations and the IRS enforcement of the Trust Fund Recovery Penalty (TFRP). Participants will learn about employer responsibilities for withholding and remitting payroll taxes, common compliance pitfalls, and the consequences of noncompliance. The course also explores IRS investigation procedures, responsible party determinations, and strategies for mitigating […]
