Navigate to USPAACC website
CNPPNavigate to Homepage
Article Type
In-Person Event
Published on

Top 8 Topics Business Owners Should Know About the IRS & Taxes

On 03/21/2023, USPAACC West­ern Chap­ter orga­nized a Sem­i­nar in which they edu­cat­ed the right mind­set to atten­dees to spend a rea­son­able bud­get and let pro­fes­sion­als work for them. 9 peo­ple attended!

The Keynote Speak­er, Mr Kim, advised the Small Busi­ness Own­ers to use Tax­pay­er Advo­cate Ser­vice (TAS), Know their US Sen­a­tors or US House Reps, Free or Low-Cost Tax Assis­tance from Clin­ics and look for an attor­ney. Peo­ple who work in the IRS do not know every­thing. Use Cita­tions to help things go smooth­ly. Below are the high­lights and dis­cussed top­ics of the Seminar:

1. Insti­tu­tion­al Per­son­al­i­ty of the IRS

  • Doc­u­ments, Doc­u­ments, Documents
  • Do the Right Thing

2. Choose Your Tax Pro­fes­sion­al Wisely

  • No Educational/​License Require­ment for Fed­er­al Tax Professionals

3. Lever­age Free Resources to Work Effec­tive­ly with the IRS

  • Con­gres­sion­al Reps
  • TAS

4. Penal­ties – IRS’ First Time Abate Policy

5. Why It’s in the Taxpayer’s Best Inter­est to Coop­er­ate with the IRS in Audits-Bur­den Shift

6. Three Bites of the Apple – Exam, Appeals, Chief Counsel

7. Who Watch­es the IRS? (TIG­TA)

8. How Does the IRS Select Peo­ple to Audit? (DIF, infor­ma­tion match­ing, refer­rals, whistleblowers)

Con­tact us now for a FREE1 on 1 busi­ness con­sul­ta­tion now