CPAacademy.org | AFTER LOCKDOWN: THE LOOMING COVID-19 PAYROLL TAX DEBT

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After Lockdown: Looming COVID-19 Payroll Tax Debt Crisis

Taxes

AFTER LOCKDOWN: THE LOOMING COVID-19 PAYROLL TAX DEBT CRISIS

Watch Archived Video

Cost Free

Presentation Length 1.0 hour

Recorded DateDecember 11, 2020

CPE:Not available

(archived webinars do not offer CPE credits)

Subject AreaTaxes

Course LevelBasic

Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Enrolled Agent
Other

Series: Taxes, Enrolled Agents

Course Description

The Small Business Administration estimates that millions of small businesses have shut down during the pandemic while millions more remain open but in dire straits. Payroll tax debt is a top priority for IRS collections and enforcement action. Based on the patterns seen during the recession a little over a decade ago, both the IRS and the resolution industry expect an increase in these cases starting in 2021.

Learning Objectives:

Identify the stresses businesses face that cause the accrual of payroll debt and how to work with these taxpayers

Determine a general framework of options available and what to expect from the IRS

Recall special considerations for closed businesses vs. open businesses

PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Roger Nemeth

Tax Help Software
President
info@auditdetective.com
(404) 910-3605

Roger is considered the foremost authority on all things involving e-services and IRS transcripts since pioneering the IRS Transcript analysis a decade ago. He launched Tax Help Software, which has downloaded over one-third of a billion transcripts. Roger is a national speaker on tax industry best practices. He also consults with some of the largest tax software companies, accounting firms, tax resolution firms, and the IRS.

About Our Presenter

In 2010 Roger Nemeth managed a large tax franchise in Atlanta that employed 15 Enrolled Agents. Everyday he observed the large amount of time spent requesting and waiting by a fax machine on the transcripts from the IRS. These transcripts are difficult to read, therefore even more time was spent organizing the data to find the tax issues and help the client. He attempted to buy a "Transcript Analyzer" product to reduce the amount of time it took to handle these tax issues. After hours of scouring the Internet, Roger realized that one did not exist. From that point Audit Detective began and has now evolved into an extensive analysis of tax data going back to 1990. Their users have downloaded over 90,000,000 IRS transcripts and processed over 75,000 Reports. They are constantly improving the product and open to suggestions from our users.