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Description
Date: May 26th at 2:00pm - 4:00pm ET
CE: 2
Speaker: Jessie Seaman
Employment Tax – Resolving Business Case
This instructor-led seminar will provide
instructions for tax professionals representing business taxpayers. This
program will outline the necessary compliance for each entity type.
Participants will know which resolutions are available to BMF cases and which IRS
office has jurisdiction. This course will cover preparation of a 433-B and
433-A (pages 5-6) for active and dissolved entities. Specific ordinary and
necessary business expenses will be defined for proper classification on
financial statements, i.e. depreciation, loans, owner compensation, loans to
shareholders, etc. Advocate for no TFRP or no enforcement of TFRP on IMF
accounts. Participants will learn how to portray a business client’s income,
assets, and liabilities to ensure a formal resolution to pay back taxes is
feasible for ongoing operations and profitability.