How to Handle Top 10 Issues in IRS Small Business Audits
Speaker: Nicholas Preusch
Speaker Designation: Tax Manager at YHB CPAs
![](https://corpcourses.com/storage/product/20230428111904PRODUCT.png)
Speaker: Nicholas Preusch
Speaker Designation: Tax Manager at YHB CPAs
According to IRS tax gap studies, small businesses account for the largest segment of the $458 billion annual loss in tax revenue to the US Treasury, largely due to the underreporting of income and overstating of credits and deductions. As a result, the IRS field audit resources focus much of its audit activity on small businesses.
This course will look at the top 10 issues small businesses face when undergoing an IRS audit.
It will take a look at the audit from three perspectives -
1. The client
2. The practitioners, and
3. An IRS auditor.
We look at these common issues along with ways to maneuver around the issues when the IRS brings them up. After this webinar, you should have a better grasp of helping your client through the most common types of IRS audit problems that you will face.
If you are a small business owner in the United States, then you are likely familiar with the Internal Revenue Service (IRS) and the potentially daunting prospect of an audit. While audits can be nerve-wracking, they do not have to be. By understanding the most common issues that small businesses face during IRS audits, you can ensure that your business is prepared and equipped to handle any potential issues that may arise.
The IRS is increasing enforcement across the board. As we see more and more IRS audits, this webinar will look at common IRS issues that are being brought up. We will also look at how to successfully defend out clients when these issues do come up.
Major topics covered in this Tax webinar:
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties, and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).