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Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Red Flag Issues: Areas the IRS Attacks in Examination (RFI)

(Updated for the Tax Cuts and Jobs Act) 8-Hour Program

WHY ATTEND THIS COURSE?

Based on recent areas of IRS activity, this course will look at various topics that have been problematic for taxpayers or where the IRS has indicated a special interest. This course will detail cases and rulings that outline areas of conflict, emphasizing the key areas of IRS attack on taxpayer positions. This course will outline how the CPA can counsel clients in these areas to strengthen the taxpayers’ case in the event of examination.

DESIGNED FOR...

CPAs who advise clients on tax return positions and those who represent clients in IRS examinations. May also be suitable for public practice.

OBJECTIVE

Participants will be able to:

  • Understand issues that trigger IRS scrutiny of the taxpayer’s positions on returns
  • Learn how to educate clients on the items needed to sustain their positions if their returns are examined
  • Advise clients with regard to positions on returns that are more likely to lead to IRS scrutiny
  • Effectively represent clients in IRS examinations and advocate for the taxpayer’s positions and interests

MAJOR SUBJECTS

  • S Corporation reasonable compensation matters/LLC self-employment tax matters, including issues in this area raised by the qualified business income deduction added by the Tax Cuts and Jobs Act
  • Passive activities, including real estate professional status
  • Travel, entertainment, automotive required documentation issues under §274(d), and the nature of entertainment deductions barred by the Tax Cuts and Jobs Act
  • Charitable contribution documentation requirements and deficiencies
  • Retirement plan rollovers to IRAs used to purchase operating businesses
  • Alimony for agreements entered into through and after December 31, 2018, taking into account the changes found in the Tax Cuts and Jobs Act
  • Taxpayer penalties imposed on tax assessments
  • Other recent hot button IRS issues based on cases and rulings
  • Examination procedures, including the 30-day and 90-day letters

COURSE ACRONYM: RFI

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.