The IRS audits tax returns under a variety of statutory, regulatory and administrative rules tailored to the type of return, the type of taxpayer and the issues involved. All audits have common elements, including opening procedures, issue identification and risk assessment, information gathering, report writing, computations and closing. This session will provide a chronological overview of the audit process, outline ways to streamline IRS information gathering, highlight strategic considerations for successful audit resolution and discuss ways to posture unagreed issues for favorable resolution in the administrative appeals process or in litigation. After completing this session, participants will be able to:
- Recognize the general aspects of the IRS audit process
- Devise strategies for effectively resolving an audit
- Posture unagreed audit adjustments for resolution in administrative appeals or litigation
Speakers:
- Melissa L. Wiley, Partner, Lowenstein Sandler LLP
- Marc L. Caine, Internal Revenue Service
Time: 10:15 a.m. ET
Location: PLI New York, 1177 Avenue of the Americas, Entrance on 45th Street, New York, NY
