Coming in From the Cold: How to Help Non-Filers
Author: Eric L Green
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
The IRS just stated that there are more than 7 million non-filers in the US and are beginning to roll out an initiative to pursue them. The demand for help from practitioners is overwhelming and attorneys handle these cases. The opportunity for CPAs and EAs to help non-filers, resolve the issue, and add a lot money to their bottom line has never been better. Join, Attorney, Eric Green as he explains where to find these clients, how to help them, and how to increase your representation practice while doing so.
Publication Date: November 2021
Topics Covered
- What if the client cannot just file?
- Undocumented workers
- Paid for expenses or employees with cash
- Has no receipts for cash payments
- Knowledge of a Client's Error or Omission
- Strategies for self-correction
Learning Objectives
- Recognize the process for bringing non-filers back into the tax season
- Identify opportunities to resolve the client's outstanding balance
- Recognize how to explain the strategies for setting up the client to best resolve their federal and state tax issues
- Recognize characteristics of AICPA SSTS No. 6 and how they apply
- Identify the look-back period with respect to the Offshore Voluntary Disclosure Program
- Identify a benefit of voluntary disclosure
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
