2022 Internal Revenue Service Updates

The Internal Revenue Service changes and announces new initiatives every year. This webinar will discuss the current enforcement and audit initiatives of the Internal Revenue Service and how these efforts may continue during 2022. This session will also discuss the Internal Revenue Service’s latest 2022 initiatives and how you can prepare for a successful year in representing your clients. There is also a high probability that the Internal Revenue Service will have its first material budget increase in more than a decade. We will discuss how this increased budget will impact your clients. For example, will the Internal Revenue Service audit more taxpayers, will the Internal Revenue Service become more efficient in taxpayer communication, and how will collection activity increase. You can be assured that with an increased budget the Internal Revenue Service will be knocking on more doors for those missing tax dollars.

Webinar Objectives

This webinar will provide insight and tools to assist you and your clients understand what the Internal Revenue Service will focus on during 2022 and how successful they were during 2021.  We will discuss what a large budget increase to the Internal Revenue Service will mean for taxpayers.  

Webinar Highlights

• IRS Audit Activity during 2021
• IRS Collection Activity during 2021
• IRS priorities for 2022
• IRS Budget and what it means for your client
• New Programs that may be beneficial to your client

Who Should Attend

• Accountants
• Tax preparers
• CFOs
• Financial compliance professionals
• Lawyers

Client Testimonial (MarcT)

This was my second tax law related seminar (one on civil tax fraud and the other on penalty abatement requests) presented by attorney Adam Fayne. He explains the complex clearly (e.g., the elements of civil tax fraud, defenses, and the IRS’s burden of proof), he understands what he is talking about (e.g., frequently providing numerous real-world examples from his own tax law practice), and he has depth of knowledge of tax law (which is rare for such a vast topic). He does the little things that a seminar attendee would appreciate. His slides seen throughout the seminar are a helpful and concise resource for later reference. Also, Mr. Fayne  took the time at the beginning to let us know about a recent US Tax Court decision decided days before the seminar that provides potential refund opportunities to taxpayers inappropriately assessed “Form 5471 penalties.” Similarly, he mentioned and cited on slides, when relevant, citations to the tax code, the  Internal Revenue Manual, and case law. I’d give both seminars I have attended my highest recommendation to experienced tax practitioners, as well as those new to that practice.