Avoiding IRS Audit Red Flags: IRS' DIF Score, LB&I vs. Correspondence Exams, Statutes of Limitation
Recording of a 110-minute CPE webinar with Q&A
This webinar will give a first-hand look at how the Internal Revenue Service selects tax returns for audit. Our IRS veteran will provide insights into the different levels of IRS examinations, appropriate responses, and how to avoid the expansion or escalation of an audit.
Outline
- IRS audits: introduction
- DIF score
- Audit triggers
- Types of audit
- Record retention
- Statutes of limitation
- Appeals
Benefits
The panel will review these and other critical issues:
- How is the IRS' DIF score used to select tax returns for an audit?
- What steps can tax professionals take to reduce the chances of a return being selected for audit?
- What are the different types of examinations conducted by the IRS?
- When does an audit of one return or item expand into an audit of all of a taxpayer's undertakings?
- How should a tax practitioner respond to a mail-in audit request?
- How do the applicable statutes of limitation affect an examination?
Faculty
Michael D. Sullivan
Former IRS Agent & Teaching Instructor
MD Sullivan Tax Firm
Mr. Sullivan is a former revenue officer, IRS agent, and tax instructor who worked at the IRS for over a decade and has... | Read More
Mr. Sullivan is a former revenue officer, IRS agent, and tax instructor who worked at the IRS for over a decade and has been in private practice for 43 years. He has appeared on Fox Business News, ABC, the Washington Bureau, Newsmax, NewsNation and other media outlets. Mr. Sullivan is also the best-selling co-author of Exposing the Secrets for IRS Settlements. He also manages a private Facebook group, The Tax Mob, through which tax professionals from across the US discuss tax-related issues, and the YouTube channel, Help from A Former IRS Agent, which has 2.1 million views and over 35,000 subscribers.
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Anthony N. Verni, CPA, MBA
Attorney
Verni Tax Law
Mr. Verni is a Tax Attorney and Certified Public Accountant with over 20years’ experience practicing before... | Read More
Mr. Verni is a Tax Attorney and Certified Public Accountant with over 20years’ experience practicing before the Internal Revenue Service. His practice is focused on representing Expatriate and other U.S Taxpayers who have criminal and civil tax issues related to offshore tax evasion, money laundering, failure to file income tax returns, failure to report offshore income, failure to file FBAR reports and other tax related compliance and reporting concerns. Mr. Verni also represents individuals and businesses in connection with tax controversies involving income, estate and gift and employment taxes.
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