In this lecture, we examine a different type of clientele: non-filers. First, we determine what type of non-filers clients can be. Then, we cover the preliminary work that must be done and the research that must be undertaken to understand the case and determine whether or not it should be taken. Assuming it is, we move to the next step: creating an engagement letter.
After that, the lecture examines a variety of topics, including finding missing records, estimating income from expenses, how many previous returns to file and in which order, and how to handle large tax account balances that is too much for the client. In addition to this, we discuss the importance of cooperating with the IRS. We also discuss the futilities of fraud, learning what might happen to individuals if they choose to commit it. Finally, the lecture closes with a vital topic: ensuring that the professional will get paid. Non-filers are an important, but complicated niche of client, and for a professional looking to take their cases, this is not a lecture to miss!
Learning objectives: To help businesses identify:
Eva Rosenberg, EA, Your TaxMama® has been teaching Enrolled Agents exam review courses off and on since developing the UCLA Extension program over 25 years ago.
Eva has a B.A. in Accounting and an M.B.A. in International Business. Your TaxMama® has been a TaxWatch columnist for Dow Jones' www.MarketWatch.com and author of award-winning best-sellers, including Small Business Taxes Made Easy and Deduct Everything! You can hear her on various radio stations around the country on a regular basis.
As a speaker, TaxMama® is popular with both tax professionals and taxpayers. You can find her at www.TaxMama.com, where you can subscribe to her free podcast. TaxMama is also the moderator of the U.S. Tax Court Group at LinkedIn and invites you to join.
CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222