<p>The audit process doesn't end with successful collections or OIC. During this course, you'll learn more about the complexities of closing letters, lien release, adjustment of tax attributes, and amending prior federal and state returns.</p>
<p>This course will cover the following topics:</p>
<ul>
<li>The end of the audit.</li>
<li>Closing letters - how to read them, and ensuring you get them, and the importance of ensuring you get them.</li>
<li>Adjustment of tax attributes.</li>
<li>Amending prior IRS and State returns affected by the settlement.</li>
<li>Preparing current year returns based on audit results.</li>
<li>Successful Collections - OIC or IA.</li>
<li>Getting liens released.</li>
</ul>
Prerequisites
No advanced preparation or prerequisites are required for this course. However it is recommended to take Winning the 1040 Audit.
Learning Objective
- Explore adjustment of tax attributes.
- Identify amending prior IRS and State returns affected by the settlement.
- Discover preparing current year returns based on audit results.
- Recognize successful Collections - OIC or IA.
Last updated/reviewed: July 10, 2025
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INTRODUCTION AND OVERVIEW
- Introduction to Steps to Take After SUCCESSFUL Collections or Audits 2:53
- Audit Statistics and End of the Audit 8:02
- Explanations of IRS Letters 13:03
- Adjustments of Tax Attributes 17:05
- Amending Prior Year Returns 8:21
- Preparing Current Year Returns 13:06
- Preparing Current Year Returns Cont'd 12:08
- Moving on to Collections 16:56
- Dealing with Tax Liens 12:42
- Evaluations and Thanks 6:00
SUPPORTING MATERIALS
- Slide: IRS Representation Series - Steps to Take After SUCCESSFUL Collections or Audits PDF
- IRS Representation Series - Steps to Take After SUCCESSFUL Collections or Audits Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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