Top Red Flags for a Tax Audit

CATEGORY: Taxation

COURSE ID: CLFLAG, VERSION 9.00

(532)

Online & Mobile

2 CPE Credits

Level: Basic

Correspondence from the Internal Revenue Service (IRS) is rarely desired, especially a notice indicating the intent to audit a tax return. This course describes the audit process, including how returns are selected for audit, ways the IRS notifies the taxpayer of the intent to audit, methods available to the IRS to complete audits, and possible outcomes of a tax audit. Learn the top red flags that trigger an IRS tax audit for individual taxpayers and other entities. Understand the examination rate among individual taxpayers based on income level, credits claimed, reportable business income, and international transactions. Review the number of tax return examinations closed during fiscal year 2023 by entity type and identify type of audit examination. Furthermore, delve into how entities organized as corporations, flow-through entities, and estates are commonly selected for a tax audit.

This basic level course is most beneficial to professionals new to federal tax audits who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to federal tax audits.

2 Credits

$49.00

Online & Mobile

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Accreditation Information

NASBA Delivery QAS Self-Study

NASBA Field of Study Taxes 2 hours

NASBA National Registry of CPE SponsorsYes

NASBA Publication Revision Date 08/2024

Other Certifications

NY Credits : 2.0
TX Credits : 2.0
IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 2.0
IRS Non-Credentialed Return Preparer Credits : Federal Tax - 2.0

Details by Jurisdiction

Format :Online & Mobile

Top Red Flags for a Tax Audit

Accreditation Information

Learning objectives

Course outline

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