Course Description:
California tax preparers often encounter clients who have not filed their federal taxes in multiple years. This course equips CTEC preparers with the knowledge and skills needed to assist these individuals in becoming compliant while maximizing their tax benefits. You will learn how to determine filing requirements and understand IRS penalty relief programs. By the end of this course, you will be able to confidently guide non-filers through the process of filing past-due returns while ensuring they receive any refunds or credits they are entitled to.
Learning Objectives:
- Determine when a taxpayer is required to file based on income thresholds and filing status.
- Understand IRS tax laws that impact non-filers, including state penalties and collection procedures.
- Explain the IRS enforcement strategies for non-filers.
- Assist clients in retrieving lost records and requesting IRS tax transcripts.
- Identify opportunities for penalty relief, refund claims, and tax credits available to non-filers.
- Guide clients through the process of voluntary compliance and long-term tax planning to prevent future non-filing issues.
This course qualifies for 2 hours of IRS CE credit under the category of Federal Tax Law Related Matters.
About the Presenter:
Doug Stives is considered a worldwide leader in public and management accounting by AICPA &CIMA. He is a CPA, MBA, and recently retired professor of Accounting at Monmouth University and a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009, 2016, and 2024 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the "Most Tax Efficient Man in America" by the Wall Street Journal.
