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    UNDERSTANDING YOUR IRS NOTICES, HOW TO RESPOND TO 2017 - How to Effectively Handle IRS Notices -By AtoZ Compliance

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    Website http://www.atozcompliance.com/trainings-webinar/banking-financial-services/accounting-taxation/train | Want to Edit it Edit Freely

    Category Finance;Business;Accountants;Banking

    Deadline: February 08, 2017 | Date: February 08, 2017

    Venue/Country: Online, U.S.A

    Updated: 2017-01-09 17:24:24 (GMT+9)

    Call For Papers - CFP

    Key Take Away :

    This webinar will cover situations in which a business might receive IRS notices, how to respond to the notices, and how a business can protect itself through best practices and due diligence.

    Overview :

    The Internal Revenue Service (IRS) has many different types of notices that they may send out to taxpayers. It’s important to carefully read the notice to determine what the IRS is requesting.

    Some notices are information-only; that is, they do not require a response. Other notices require a prompt response; failure to respond timely could result in additional tax, interest, and penalties.

    Business taxpayers often receive notices related to payroll tax compliance and information return reporting.

    Why Should You Attend :

    The IRS sends notices to taxpayers for a variety of reasons. Just receiving a notice from the IRS can be an intimidating experience and, in some cases, the recipient of a notice is afraid to open it. Despite IRS efforts to write notices in a way that they are understandable, the notices often contain highly technical or confusing language. They are usually form letters that are computer generated and may refer to several possible reasons for the notice with little or barely noticeable specific information regarding the taxpayer’s specific situation.Understanding your IRS Notice, how to handle IRS Notices and dealing with IRS Notices, in the proper way is important.

    Failure to respond to a notice when required can lead to additional problems such as improper or avoidable tax, interest or penalty assessments. Failure to respond timely can as result in the loss or unintentional waiver of certain rights such as the right to appeal or file a claim with the tax court.

    In cases involving tax withholding and tax deposits, the IRS may also hold the taxpayer liable for unwithheld or undeposited taxes, or even failure to withhold the correct amount of tax. In other cases, it may propose to hold individuals personally liable for taxes that were withheld but were not deposited by a business. It is imperative that you use the available sources like IRS attorney, IRS help/ IRS tax help, IRS tax relief options, tax advisor, tax consultant, tax debt relief, tax resolution services for your existing IRS problems.

    Areas Covered In This Webinar :

    Due diligence procedures for avoiding payee and employee tax ID number mismatch penalties

    Employee lock-in letter processing

    How to handle a demand and notice letter regarding employee tip reporting

    The trust fund recovery penalty: What it is and who it affects, how to respond to proposed assessment

    Strategies for mitigating penalties

    Tax withholding and deposit procedures and notices

    Information return filing procedures and notices

    Solicitation and verification of payee tax ID numbers

    Learning Objectives :

    Know where to access information regarding a particular notice

    Know when and how to respond to a notice

    Understand how due diligence procedures can establish reasonable cause for penalty abatement or mitigation

    Know what actions are required in response to notices regarding incorrect payee name and tax ID numbers

    Understand how the “Demand and Notice” process works to collect employer taxes on employee tips

    Understand how failure to deposit “trust fund taxes” may lead to personal responsibility for payment of business tax liabilities

    Understand the importance of timely response to notice

    Who Will Benefit :

    Payroll Supervisors and Personnel

    Accounts Payable Supervisors and Personnel

    Public Accountants

    Internal Auditors

    Tax Compliance Officers

    Enrolled Agents

    Officers and Managers with Tax Compliance Oversight

    Company/ Business Owners

    Managers/ Supervisors

    Public Agency Managers

    Audit and Compliance Personnel/ Risk Managers

    For more information, please visit : http://www.atozcompliance.com/trainings-webinar/banking-financial-services/accounting-taxation/training-in-how-to-handle-notices-from-the-irs/patrick-a-haggerty/300220

    Email: supportatatozcompliance.com

    Toll Free: +1- 844-414-1400

    Tel: +1-516-900-5509

    Level:

    Intermediate

    Speakers Profile :

    Patrick A Haggerty

    Pat Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, and information return reporting.


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