Federal Tax Updates

Handling IRS Notices Like a Pro

Listen Later

In this episode, Roger and Annie dive into the world of IRS notices. They discuss the most common types of notices, like the CP2000 matching notice, and share strategies for responding effectively. They also highlight the benefits of setting up online accounts with the IRS for tax practitioners and taxpayers and provide tips for spotting potential IRS scams. Tune in for valuable insights on navigating IRS notices with confidence and clarity.

Sponsors
Padgett -  Contact Padgett or Email Jeff Phillips


  • (00:00) - Federal Tax Updates Episode 33
  • (00:55) - Introduction and Summer Plans
  • (01:51) - Understanding IRS Notices
  • (06:31) - CP2000 Notices Explained
  • (19:56) - Responding to IRS Notices
  • (26:53) - Strategies for Handling Tax Penalties
  • (28:43) - Importance of Timely Responses to IRS Notices
  • (30:47) - Mailing Issues and Certified Receipts
  • (32:49) - Setting Up and Using IRS Online Accounts
  • (39:57) - TaxPro Accounts and Future Enhancements
  • (42:59) - Scams and IRS Communication Guidelines
  • (45:16) - Summer Tax Planning Tips
  • (47:54) - Current Issues: ERC and Beneficial Ownership
  • (51:44) - Conclusion and Final Thoughts

    • Get NASBA Approved CPE or IRS Approved CE
    Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

    Connect with the Hosts on LinkedIn
    Roger Harris
    Annie Schwab

    Review
    Leave a review on Apple Podcasts or Podchaser

    Subscribe
    Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

    This podcast is a production of the Earmark Media

    The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

    All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

    ...more
    View all episodesView all episodes
    Download on the App Store
    Federal Tax UpdatesBy Roger Harris, EA and Annie Schwab, CPA
    • 4.9
    • 4.9
    • 4.9
    • 4.9
    • 4.9

    4.9

    32 ratings

    More shows like Federal Tax Updates

    View all
    WSJ Your Money Briefing by The Wall Street Journal

    WSJ Your Money Briefing

    1,729 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    593 Listeners

    PwC's accounting podcast by PwC

    PwC's accounting podcast

    182 Listeners

    Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

    Your Money, Your Wealth

    812 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    422 Listeners

    Talking Tax by Bloomberg Tax

    Talking Tax

    115 Listeners

    NerdWallet's Smart Money Podcast by NerdWallet Personal Finance

    NerdWallet's Smart Money Podcast

    901 Listeners

    Tax Notes Talk by Tax Notes

    Tax Notes Talk

    95 Listeners

    The Accounting Podcast by Blake Oliver & David Leary

    The Accounting Podcast

    353 Listeners

    Small Business Tax Savings Podcast by Mike Jesowshek, CPA

    Small Business Tax Savings Podcast

    259 Listeners

    The Long View by Morningstar

    The Long View

    926 Listeners

    Ready For Retirement by James Conole, CFP®

    Ready For Retirement

    828 Listeners

    The Long Term Investor by Peter Lazaroff

    The Long Term Investor

    154 Listeners

    On Investing by Charles Schwab

    On Investing

    334 Listeners

    Tax in Action: Practical Strategies for Tax Pros by Jeremy Wells, EA, CPA

    Tax in Action: Practical Strategies for Tax Pros

    14 Listeners