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TAX GAP REDUCTION WITH PROPER 1099 REPORTING
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MASTERING IRS REPRESENTATION: TAX SEASON MISTAKES THAT CREATE IRS ENFORCEMENT
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1099 MISCLASSIFICATION ISSUES FOR INDEPENDENT CONTRACTORS AND GIG WORKERS
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ESOP OVERVIEW FOR OWNERS, CFOs & CPAs
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2024 FILING SEASON CHANGES FOR 1099 REPORTING
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UNDERSTANDING PARTNERSHIP TAXATION: DISTRIBUTIONS
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THE CHOICE BETWEEN IRS FORM 1040 SCHEDULES C AND E
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IRS PRESENTING: TAX RELIEF IN DISASTER AREAS FROM AN INDIVIDUAL TAX PERSPECTIVE
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Free cpece webinars
IRS Presenting: Navigating the Restart of Automated Collection Notices

IRS PRESENTING: NAVIGATING THE RESTART OF AUTOMATED COLLECTION NOTICES

This presentation is a special replay of a previously recorded webinar.
Available Date(s)
Monday, December 23, 2024: 3:00PM EST

Cost Free
CPE Credits 1.0 hour
Subject Area 1.0 - Taxes (Federal Tax)
CE Credits 1.0 hour
Course Id# - HURS9-T-01608-24-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Series: IRS Classes
Course Description

This webinar is designed primarily for tax professionals whose clients were affected by delayed IRS notices during the COVID pandemic. In general, the IRS will restart collection notices reminding taxpayers of their balance due this year and provide penalty relief on millions of tax returns.

This webinar will provide an overview of the automated collection notice restart, and information on the new special reminder letter, LT38. Our presenter will also provide information on how the typical sequence of automated notices may change, details on how the IRS will gradually send notices this tax season, and discuss penalty relief for tax years 2020 and 2021. Our presenter will demonstrate helpful resources available to resolve tax debt and will host a live Q&A session to answer any questions.

Learning Objectives:


  • Recognize information on the new special reminder letter

  • Evaluate how the typical sequence of automated notices may change

  • Identify how the IRS will gradually send notices this tax season

  • Evaluate penalty relief for tax years 2020 and 2021

  • List helpful resources available to resolve tax debt

Michael Smith

IRS
Senior Stakeholder Liaison

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Michael Smith is a Senior Stakeholder Liaison with the Internal Revenue Service. As a Sr. Stakeholder Liaison, he works with all taxpayer communities, including major employers, community associations and tax practitioner organizations to help all taxpayers comply with the tax laws.
 
Michael became a Senior Stakeholder Liaison in the Communications and Liaison division of the IRS in 2021. Prior to 2021, he held a variety of positions in the Small Business/Self-Employed division of IRS as a Revenue Officer and Collections Manager. He specializes in the areas of employment tax, tax controversy, alternative resolutions and collection actions (lien/levy/seizure).

Michael graduated from the University of Wisconsin – Oshkosh with a Bachelor of Business Administration in 2009. Michael has gained a thorough understanding of IRS policies, procedures, and work processes throughout his 12-year career with IRS.

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About Our Presenter

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The IRS is a bureau of the Department of the Treasury and one of the world's most efficient tax administrators. In fiscal year 2012, the IRS collected more than $2.5 trillion in revenue and processed more than 237 million tax returns.