20 Essential Tax Problem Solving Tips

Author: Jim Buttonow

Each year, over 20 million taxpayers have a tax problem or issue with the IRS and 70 million or more taxpayers must interact with the IRS outside of filing a tax return. Most taxpayers involve their trusted tax professionals to avoid a tax problem. But when an IRS tax problem or notice arises, most clients expect their tax professional to intervene and get the best outcome for them.

In this course, you will get insights into the most common tax problems and issues and obtain 20 practical tips that will help you get the best outcome when you are resolving your clients' tax problems with the IRS. In the end, your firm will increase client retention and position itself as a year-round trusted tax advisor.

Publication Date: February 2024

Topics Covered

• IRS compliance enforcement and tax problems
• The 3-step tax problem solving process
• Top trends and tips for IRS audits and underreported notices, non-filer issues, IRS collection issues, and relief for common IRS penalties
• Solutions for the most common tax problems

Learning Objectives

• Recognize trends in current IRS compliance enforcement programs
• Identify the most common tax problems facing taxpayers and solutions that commonly used to resolve these problems
• Recognize how to follow the 3-step tax problem solving process to effectively resolve a client's tax problem(s)
• Recognize how to utilize best practices to obtain the best outcome for client tax problems and issues
• Identify how to set up your firm to be proactive in resolving client IRS post-filing issues and notices
• Recognize how to utilize tips that will increase client retention

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None