ACCT755 - Federal Tax Practice & Procedure

Description:
In this course, students are introduced to the responsibilities of practitioners dealing with the Internal Revenue Service. It includes a comprehensive overview of the many aspects of dealing with the Internal Revenue Service (IRS) in tax matters. Students will gain a full understanding of the organization of the IRS. The major topics addressed in the course are ethical responsibilities, tax examinations by the IRS, audit procedures, the authority of the IRS, assessment procedures, statute of limitations, interest and penalties, the appeals process, the collection process, claims for refund and private letter rulings.

Outcomes:

• Explain the organization of the Internal Revenue Service (IRS) including the various divisions and offices, as well as to identify who can practice before the IRS and the requirements to do so.
• Apply the ethical responsibilities in practicing before the IRS.
• Demonstrate the cycle of a tax return examination from the beginning of the audit of the tax return to the tax appeal and collections.
• Research issues regarding the investigative authority of the IRS and evidentiary privileges belonging to the taxpayer.
• Apply the procedure for requesting letter rulings, determination letters, and technical advice, and apply this research to compose a request for a private letter ruling.

Required Text(s):

Misey, R.J. Jr.; Goller, M.G. (2019).Federal Taxation Practice and Procedure (13th ed.),Wolters Kluwer, ISBN: 9780808052517

irs.gov(Linkstoanexternalsite.)