Executing the IRS Due Diligence Process with Ease

This comprehensive course provides in-depth training on the IRS Due Diligence Process. It covers essential aspects like IRS requirements, tax preparation application, and form compliance.

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Course curriculum

1. Welcome to Your Comprehensive Guide on the IRS Due Diligence Process!
2. Disclaimer
3. Copy Right Information
4. Who is this course for?
1. Course Overview
2. Importance of Due Diligence in Tax Preparation
3. IRS Requirements and Legal Framework
1. Chapter 1 Learning Objectives
2. Becoming a Tax Professional
3. What is due diligence in tax preparation and why is it crucial for tax professionals?
4. Check for Understanding on the Definition and Significance of Due Diligence in Professional Tax Practice
1. Chapter 2: Learning Objectives
2. Federal Income Tax Deductions
3. Taxable vs Non Taxable Income
4. Mastering the Schedule C Form
5. 2024 Tax Law Changes Guide
6. Test Your Tax Preparation Knowledge.
1. Chapter 3 Learning Objectives
2. Key Requirements for Tax Preparers
3. The Law
4. Paid Preparer's Responsibilities
5. Consequences of Not Meeting the Due Diligence Requirements
6. Firms Employing Preparers: Potential Penalties for Your Team's Mistake
7. Check for Understanding on Key Requirements for Tax Preparers
1. Chapter 3 Learning Objectives
2. Essential Proactive Measures for Tax Professionals
3. Check Your Knowledge on IRS Due Diligence Outreach
1. Chapter 5 Learning Objectives
2. Part 1: Elevating Your Client Interview and Information Gathering Process
3. Step 1: Thorough Preparation for the Interview
4. Step 2: Conducting a Comprehensive and Insightful Interview
5. Step 3: Rigorous Information VerificationStep 3: Rigorous Information Verification
6. Step 4: Navigating Challenging Client Interactions
7. Step 5: Comprehensive Documentation Practices
8. Part 2: Mastering IRS Examinations
9. Step 1: Effectively Receiving and Responding to IRS Communication
10. Step 2: Comprehensive Preparation for the Examination
11. Step 3: Navigating the Examination Process
12. Step 4: Comprehensive Post-Examination Follow-up
13. Pro Advice
14. Check for Understanding of the Comprehensive Guide: Mastering Client Interviews and Navigating IRS Examinations
1. Chapter 6 Overview
2. About the Appeal Process
3. Understanding the Appeals Process
4. What to Expect: A Detailed Breakdown
5. Appeal Rights and How to Prepare a Protest
6. The IRS Collection Process Publication 594
7. Taking Action: A Step-by-Step Guide
8. Publication 4687, Paid Preparer Due Diligence
9. The Outcome: Navigating Results and Next Steps
10. Check for Understanding of the Appeal Process
1. Chapter 7 Overview
2. Before You Begin...
3. The Fundamental Principle of Compliance: Inquire, Document, and Verify
4. Comprehensive Documentation: The Cornerstone of Compliance
5. Essential Tax Forms: Your Professional ToolkitEssential Tax Forms: Your Professional ToolkitEssential Tax Forms: Your Professional Toolkit
6. Form 1040
7. Schedule C
8. Schedule A
9. Form 8867
10. Remember...
11. Maintaining Professional Acumen: The Imperative of Continuous Education
12. Quality Assurance: Your Professional Safeguard
13. Embracing Your Role as a Tax Professional
14. Check for Understanding of the Tax Compliance and Mastering Essential Forms
1. Ethical Considerations in Tax Practice
2. Comprehensive Quality Control and Review Processes
3. Leveraging Technology and Tools in Modern Tax Practice
4. Check for Understanding on the Best Practices for Tax Professionals
1. Course Summary
2. Congratulations and Next Step!
3. Comprehensive Final Assessment
1. Ongoing Learning and Professional Development with Renata Walton
2. Closing Remarks
3. Course Evaluation
4. Thank you for your participation.
5. Resource List

About this course

$150.00
77 lessons
1 hour of video content

R & B Tax School

Executing the IRS Due Diligence Process with Ease

Course curriculum

Welcome to the Course!

About the Course

Chapter 1: Definition and Significance in Professional Tax Practice

Chapter 2: The Key Steps to Tax Preparation

Chapter 3: Navigating the Key Requirements for Tax Preparers

Chapter 4: IRS Due Diligence Outreach

Chapter 5: Comprehensive Guide: Mastering Client Interviews and Navigating IRS Examinations

Chapter 6: The Appeal Process

Chapter 7: Tax Compliance and Mastering Essential Forms

Chapter 8: Best Practices for Tax Professionals

Chapter 9: Comprehensive Review and Final Summary

Course Wrap UP

About this course