Description
In this episode, Roger and Annie dive into the world of IRS notices. They discuss the most common types of notices, like the CP2000 matching notice, and share strategies for responding effectively. They also highlight the benefits of setting up online accounts with the IRS for tax practitioners and taxpayers and provide tips for spotting potential IRS scams. Tune in for valuable insights on navigating IRS notices with confidence and clarity.
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(00:00) - Federal Tax Updates Episode 33
(01:11) - Introduction and Summer Plans
(02:07) - Understanding IRS Notices
(06:47) - CP2000 Notices Explained
(20:12) - Responding to IRS Notices
(27:09) - Strategies for Handling Tax Penalties
(28:55) - Importance of Timely Responses to IRS Notices
(30:59) - Mailing Issues and Certified Receipts
(33:01) - Setting Up and Using IRS Online Accounts
(40:09) - TaxPro Accounts and Future Enhancements
(43:11) - Scams and IRS Communication Guidelines
(45:28) - Summer Tax Planning Tips
(48:06) - Current Issues: ERC and Beneficial Ownership
(51:56) - Conclusion and Final Thoughts
Get NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Connect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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