In this webinar, Steven Jarvis, CPA, explains how financial advisors can assist clients who have received letters from the IRS without crossing boundaries into tax representation or the provision of tax advice. Throughout the session, Steven walks advisors through common IRS notices, such as letters of discrepancy and differences of estimated tax payments and provides examples of actions advisors can take to assist clients in moving toward a response. Advisors will learn how to:
- Discuss common reasons why the IRS may contact a client and how to begin reviewing IRS letters
- Identify various notices that a client may receive from the IRS with an understanding of why a client may be receiving them and how to investigate
- Suggest actions clients can take to address their IRS letter without providing tax advice or representation
- Utilize best practices for communicating with the IRS and delivering value to clients who receive IRS notices
