Overview
Receiving an IRS audit letter can be intimidating, but it doesn’t mean there’s a significant error on your tax return. It’s simply a review. Navigating an IRS Tax Audit explores the nature of audits, their formats, reasons for selection, and taxpayer representation, including the power of attorney.
Learning Objectives
- Characterize the types of tax audits initiated by the IRS and the typical taxpayer issues addressed
- Recognize how an IRS tax audit is normally conducted and limited by the statute of limitations
- List the factors that increase the likelihood of an IRS tax audit and strategies to minimize the chance of an IRS tax audit
- Determine the nature and function of a power of attorney
- Identify the acts that may be performed for a client under a power of attorney
Tax Year: 2023-2024
Designed For
CPAs, EAs, and tax professionals at any level of their career
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