IRS Dispute Resolution and Collections

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- Course Description:
This webinar will discuss key developments over the last year in individual and business taxation. Learn about the IRS’s current areas of focus in examination and appeals of interest to business owners. It will also briefly discuss the impact of the election on the IRS and potential upcoming tax legislation. In addition we will explore updates and issues stemming from the COVID-19 outbreak and changes to IRS procedures, including limits on information requests and examination enforcement.

Learning Objectives:

- Discuss the impact of new partnership audit rules in the post-TEFRA era; opt-out or opt-in?
Tax reform challenge and strategies—how is the IRS interpreting the latest strategies?

- Explore the current status of focusing exam resources—new LB&I campaigns update

- Review the process of an examination and the keys to presenting and protecting your evidence

- Identify the issues commonly raised by the IRS including reasonable compensation, large losses, material participation, and related party transactions

- Discuss the IRS Global High Wealth exam team that audits high wealth taxpayers

- Explore new IRS rules regarding required disclosure of captive insurance

- Review IRS issues involving Donor Advised Funds and IP Monetization
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