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:
IRS
Senior Stakeholder Liaison
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.
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
CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.
CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222