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Purchase this course | $84

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.
Learning Objectives
  • Explore adjustment of tax attributes.
  • Identify amending prior IRS and State returns affected by the settlement.
  • Discover preparing current year returns based on audit results.
  • Recognize successful Collections - OIC or IA.
Last updated/reviewed: March 18, 2024

Included In Certifications

This course is included in the following Certification Programs:

10 CoursesTax Resolution Specialist Certification

  1. IRS Representation Series - Foolproof Tips to Release IRS Levies on Paychecks or Bank Accounts
  2. IRS Representation Series - Getting Organized to Resolve Collection Issues
  3. IRS Representation Series - Doing Offer-in-Compromise: How to Complete the Form 656 Application
  4. IRS Representation Series - Tips and Tricks for the 433s Needed to Secure an Offer in Compromise
  5. IRS Representation Series - Winning the 1040 Audit
  6. IRS Representation Series - Steps to Take After SUCCESSFUL Collections or Audits
  7. IRS Representation Series - When Collections and Audits Fail
  8. IRS Representation Series - Reducing IRS Assessments for Interest & Penalties
  9. IRS Representation Series - Conflicts of Interest
  10. IRS Representation Series - Circular 230 Ethics and Updates
1 Review (3 ratings)

Reviews

5
Member's Profile
Nice presentation, well designed and effetely presented

Prerequisites
Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course. However it is recommended to take Winning the 1040 Audit.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Steps to Take After SUCCESSFUL Collections or Audits2:53
  Audit Statistics and End of the Audit8:02
  Explanations of IRS Letters13:03
  Adjustments of Tax Attributes17:05
  Amending Prior Year Returns8:21
  Preparing Current Year Returns13:06
  Preparing Current Year Returns Cont'd12:08
  Moving on to Collections16:56
  Dealing with Tax Liens12:42
  Evaluations and Thanks6:00
CONTINUOUS PLAY
  Steps to Take After Successful Collections or Audits1:50:16
SUPPORTING MATERIAL
  Slide: IRS Representation Series - Steps to Take After SUCCESSFUL Collections or AuditsPDF
  IRS Representation Series - Steps to Take After SUCCESSFUL Collections or Audits Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam