NOT1912. IRS Audits of Nonprofits from A to Z

Track: 
Tax
Field of Study: 
Taxes
CPE Credit: 
1.0
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Basic knowledge of not-for-profit operations, auditing, accounting and/or compliance requirements. General experience working in, or auditing, not-for-profits, including those NFPs audited under GAGAS.

Tuesday, June 11, 2019
 
7:00AM-7:50AM

Many in not-for-profit accounting leadership are concerned with the potential for an IRS examination or audit. All this talk about "data-driven decision making" and numerous tax law changes has us on edge. What are your organization's chances of getting selected for an IRS audit? What happens if you are selected? How will the IRS contact and communicate with your organization? What is a "correspondence audit?" What if they find errors or problems? What "taxpayer rights" do we have? All this and more will be covered in this session.

Learning Objectives:

  • Distinguish between the different types of audits/examinations the IRS performs.
  • Recognize criteria and procedures the IRS utilizes in their "case selection model" including data-driven decision making.
  • Identify potential issues on Form 990 that may cause "issues" upon IRS exam.


SESSION SPEAKER(S)

CPA, JD, LL.M. (Taxation)
Director, Nonprofit Tax Services | BDO USA LLP
CPA, J.D.
Managing Partner | YHA