Error loading player: No playable sources found
CFO2111
IRS Updates: Noteworthy IRS Procedural Guidance, Operating Status and Enforcement Activities
Date
May 6, 2021
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from the conference: AICPA & CIMA CFO Conference 2021
During the session we will discuss the updates on the IRS operating status, including the delays that IRS is experiencing with processing taxpayers tax returns, issuing tax refunds, including those that were submitted as tentative refund claims, as well as responding to other taxpayer’s requests. We will briefly touch upon the taxpayer’s advocate report to Congress that identified 10 most serious problems that the taxpayers encountered in their dealings with the IRS. We will discuss how IRS budget impacts IRS enforcement activity and IRS enforcement initiatives for the fiscal 2021 tax year.
Learning Objectives
- Assess implications for the IRS’s operating status issues on business
- Analyze the IRS budget for Fiscal Year 2021 and how it impacts the IRS’s enforcement activities
- Recognize IRS enforcement activities, campaigns and various initiatives (examination of high net worth individuals, withholding tax liability, BBA partnership examinations)
- Identify the 10 Most serious problems the taxpayers encountered in their dealings with the IRS as reported by Taxpayer Advocate to Congress
Speaker
Principal, Washington National Tax, RSM US LLP
General
Session Categories
Related Products
What CFO’s Should Know About the Changing Capital Markets Landscape
The role of both the public and private company CFO has never been more challenging. Living through COVID and navigating the ever-changing expectations of customers, shareholders, creditors, and the community at large has been quite difficult…
Digital Transformation in Operational Risk and Internal Control
This session discusses digital transformation in Operational Risk and Internal Controls, with references to financial services but an approach applicable to all industries. The new approach will lay out how to view and manage risks and use those opportunities for future growth…
Are You Ready to Win in the Experience Economy?
Business value used to be created by delivering a product or service at the right place, time, quality and price. Similarly, companies used to measure success by following its operational and financial performance metrics…
Ecosystem Innovation Using Asset Light Strategies
As companies enter the recovery stage from COVID-19, many are re-evaluating ownership of non-core assets and operations, and potentially migrating to an ecosystem of strategic partners…
