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This is a Premium course and can only be enrolled by curriculum:

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: June 10, 2021

Included In Certifications

This course is included in the following Certification Programs:

10 CoursesTax Resolution Specialist Certificate

  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

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:37Introduction to Steps to Take After SUCCESSFUL Collections or Audits
  8:06Audit Statistics and End of the Audit
  13:03Explanations of IRS Letters
  17:14Adjustments of Tax Attributes
  10:43Amending Prior Year Returns
  11:58Preparing Current Year Returns
  11:01Preparing Current Year Returns Cont'd
  13:30Moving on to Collections
  13:07Dealing with Tax Liens
  6:02Evaluations and Thanks
CONTINUOUS PLAY
  1:47:16Steps to Take After Successful Collections or Audits
SUPPORTING MATERIAL
  PDFSlide: IRS Representation Series - Steps to Take After SUCCESSFUL Collections or Audits
  PDFIRS Representation Series - Steps to Take After SUCCESSFUL Collections or Audits Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM