The audit process doesn't end with successful collections or OIC. During this course, you'll learn more about the complexities of closing letters, lien release, adjustment of tax attributes, and amending prior federal and state returns.
This course will cover the following topics:
-The end of the audit
-Closing letters - how to read them, and ensuring you get them, and the importance of ensuring you get them
-Adjustment of tax attributes
-Amending prior IRS and State returns affected by the settlement
-Preparing current year returns based on audit results
-Successful Collections - OIC or IA
-Getting liens released
Field of Study: Taxes
IRS Field of Study: Federal Tax
This course includes:
schedule2 hours on-demand video
signal_cellular_altIntermediate level
task_altNo preparation required
calendar_todayPublished At Feb 5, 2021
workspace_premiumCertificate of completion
errorNo prerequisites
lock1 year access
calendar_todayUpdated At Jan 21, 2025
IRS Representation Series -Steps After Collections Or Audits
Steps to Take After SUCCESSFUL Collections or Audits.