Audit-Proof Your Schedule C
Inland Empire Chapter In-Person Meeting

Date/Time:

Wednesday, July 17, 2024
5:30 PM to 9:00 PM

Location:

DoubleTree Hotel Claremont
555 West Foothill Blvd
Claremont, CA 91711

Topic: 

After years of declining IRS budgets and the resulting decrease in audits the Inflation Reduction Act of 2022 gave the IRS budget a large increase, which is to be largely focused on enforcement and audits. While the main targets of these increased audits are higher-wealth individuals and sophisticated tax schemes, the number of audits overall will also increase.In this class, we'll look at Schedule Cs from the perspective of an audit. We'll look at how returns are chosen for audit and what the auditors will be looking for. We'll discuss ways to minimize the audit profile of a return and how to handle an audit when a return is selected. We'll discuss common audit issues and suggest strategies using examples and court cases.

Presenter: 

Linda Dong, EA
Linda Dong graduated with honors from the University of Illinois in Chicago with a degree in Accounting. She went to work for the IRS, where she received a very thorough training in taxes and began auditing corporations. Not liking the adversarial relationship inherent in tax audits, Linda left the IRS and started a tax and accounting practice from her home. She grew her practice to include four employees, but eventually downsized and is now once again a sole practitioner working out of her home office. She provides tax and accounting services to individuals, small businesses, and nonprofit organizations. Linda has been an Enrolled Agent (EA) since 1982. Her credentials from the Accreditation Council of Accountancy and Taxation (ACAT) include Accredited Business Accountant (ABA) and Accredited Tax Advisor (ATA). She is a QuickBooks ProAdvisor and often teaches classes in accounting and tax to other professionals. A member of several tax and accounting professional groups, she is currently serving as Immediate Past President of the California Society of Tax Consultants and Secretary-Treasurer of the Wine Country Chapter.

CPE Information:

2 Federal Law hour(s) (Topics covering existing tax law)

IRS: 18QC1-T-01992-24-I
CTEC: 1000-CE-5441

Knowledge Level: Intermediate (Basic knowledge helpful)

Cost:

Cost: (online registration only accepted through Sunday, July 14, 2024 at 11:59 PM PST)
Registration Fee (Member): $40
Registration Fee (Non-Member): $70

Cost: (if registering after Sunday, July 14 at 11:59 PM PST)*
Registration Fee (Member): $50
Registration Fee (Non-Member): $80

NOTE: Online registration only accepted through Sunday, July 14, 2024, 11:59 pm. Late registration can be made with the chapter after online reservations close. Late registration members: $50.00, Non-Members: $80.00. We will respond within 24 hours. Pay on-site, check or cash only, no credit cards. Limited space will be available for Walk-Ins. Late registration applies.

Questions? Please contact Hilde Morrow, email: [email protected], phone 951.836.3006 or Chapter email: [email protected].

Cancellation and Refund Policy for Meeting Purchase: 
Written cancellations will be accepted up to three (3) business days before the course begins for a full refund. Please email your request to [email protected]. No refunds will be given if cancellation notice is received later than three (3) business days before the course begins, or for no-show registrants.

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.