2025 IRS Changes and Non-Filer Guidance for 2024

Session 1 - IRS Updates – What to expect from a fully funded IRS in 2025

Live Date - November 19, 2024

Time - 01:00 PM ET

Duration - 60 Mins

Speaker - Adam Fayne

Webinar Description

The Internal Revenue Service changes and announces new initiatives every year.  This webinar will discuss the Internal Revenue Service’s latest initiatives and how you can prepare for a successful year in representing your clients.  We will discuss the Internal Revenue Service’s audit and collection efforts and activities and what you can expect during 2025, the first full year in which the IRS has been able to deploy their largest budget increase in more than a decade.

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 2025 and how successful they were during 2024.  We will discuss what a large budget increase to the Internal Revenue Service will mean for taxpayers. 

Webinar Highlights

• IRS Audit Activity during 2024
• IRS Collection Activity during 2024
• IRS priorities for 2025
• IRS Budget and what it means for your client for audits, collection, and criminal investigations
• New Programs that may be beneficial to your client

Session 2 - 2024 IRS Non-Filer Representation – What To Do If Your Client Has Not Filed Tax Returns

Pre-recorded Webinar (Instant Access)

Duration - 60 Mins

Speaker - Adam Fayne

Webinar Description

This webinar will provide you with the tools and strategies necessary when working with a client who has not filed income tax returns for one or more years. This session will cover situations where the taxpayer has been contacted by the IRS for those missing tax returns, and situations where the taxpayer has not been contacted but otherwise wants to come into compliance. For example, there are certain collection scenarios where before the IRS will negotiate a collection alternative, the taxpayer must be in compliance, or the taxpayer may want to mitigate fraud or criminal risk, or where the taxpayer is involved in a marital separation. 

Webinar Highlights

• Why taxpayers do not file returns – it may not always be due to their desire not to file (e.g. spousal issues, business partner disputes, incapacitated).
• What makes taxpayers decide to file income tax returns – contact from the IRS, other motivations?
• How to file a tax return if you have incomplete information.
• Situations where a taxpayer should be proactive in filing a tax returns – collection, bankruptcy, fraud, etc.
• How to deal with a substitute for return prepared by the IRS.
• Methods to file a tax return; e.g. audit reconsideration, Offer In Compromise, etc

Who Should Attend

Accountants, tax preparers, CFOs, financial compliance professionals, and lawyers

Credit(s)

IRS CPE Credits: 2 Tax hour