The Internal Revenue Service changes and announces new initiatives every year. This webinar by tax attorney Adam Fayne will discuss the current enforcement and audit initiatives of the Internal Revenue Service and how these efforts may continue during 2022. During the webinar, Adam will also discuss the Internal Revenue Service’s latest 2022 initiatives and how you can prepare for a successful year in representing your clients. There is also a high probability that the Internal Revenue Service will have its first material budget increase in more than a decade. Adam will discuss how this increased budget will impact your clients. For example, will the Internal Revenue Service audit more taxpayers, will the Internal Revenue Service become more efficient in taxpayer communication, and how will collection activity increase. You can be assured that with an increased budget the Internal Revenue Service will be knocking on more doors for those missing tax dollars.
The objective of this session is to provide insight and tools to assist you and your clients understand what the Internal Revenue Service will focus on during 2022 and how successful they were during 2021. During the session, Adam will discuss what a large budget increase to the Internal Revenue Service will mean for taxpayers.