Understanding the Substitute For Return
Tuesday, Dec 3rd | 2:00-3:00pm Eastern
Enter your information below (exactly as the IRS has it) to register for this event. Include your PTIN number if you would like to receive continuing education credit with the IRS. CPAs & Attorneys do not need to enter a PTIN if they do not need IRS credit.
Course Description
With the substantial funding provided by the Inflation Reduction Act, the IRS has shifted its focus toward addressing taxpayer compliance issues that have been overlooked due to resource constraints in recent years. One of the primary areas of enforcement has been targeting non-filers.
But what happens when a taxpayer fails to file a return? In many cases, if the IRS has access to income records for the individual, they will prepare a return on their behalf. These Substitute for Returns (SFRs), however, are often inaccurate, as they fail to account for critical details such as the taxpayer’s actual filing status, dependents, deductions, and expenses.
As tax practitioners, it is essential to understand how to assess the taxpayer’s position within the SFR process and take the necessary steps to address and correct any errors in the IRS’s computations.
During this session, you will learn:
- How the IRS creates an SFR
- How to respond to the IRS during various steps of the SFR process
- How to determine if there was an SFR filed
- How to correct an assessed SFR
- SFRs impact on statutes
- Ways to resolve an SFR balance
Participants will earn: 1.0 CPE/CE credit
Field of Study: Taxation
Price: FREE
Angelene Wierzbic, EA, CTRS
Angelene is an IRS Enrolled Agent as well as a Certified Tax Resolution Specialist. She has spent nearly two decades in the trenches alongside industry experts Larry Lawler and LG Brooks working on complex tax resolution cases. She has worked and consulted on many hundreds of cases in her career and is an instructor in the famous ASTPS Tax Resolution Accelerator
Additional Information:
Prerequisites: None
Who Should Attend: Any tax professional that wants to better understand how to represent troubled taxpayers.
Advance preparation: None
Program level: Intermediate – Attendees should possess the knowledge common to CPAs, EAs, and Attorneys.
Delivery Method: Group Live
For more information regarding program concerns, or cancellation
policies, please contact our offices at (716) 630-1650 or send an email to info@astps.org.
The American Society of Tax Problem Solvers 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.
The American Society of Tax Problem Solvers (ASTPS) is an approved continuing education provider through the IRS.