Tips For Handling IRS Field Audits
|Date / Time:
The IRS says their number of face-to-face audits have increased by 56 percent. The IRS generally reserves face-to-face individual audits for businesses and the most affluent individuals.
Football teams do not go to the Super Bowl without a plan. You shouldn't go to an audit without learning IRS audit procedures from a former IRS Revenue Agent, Manager, and Training Coordinator.
An IRS field audit located at the taxpayer's business or representative's office can be a long, time-consuming, expensive, and cumbersome event for a taxpayer whether an individual or business. Up front planning and organizing of records hopefully will result in presenting a good image to the Revenue Agent which usually results in the Agent limiting the scope and depth of their audit.
It's Not Possible to Over Plan
Size-Up the Agent
- Meet With Client
- Initial Information Document Requests (IDRs)
- Review Records
- Develop a Strategy
- Research Potential Legal Issues in Advance
Follow "Your Plan"
- Education and Authority of IRS Agent
- Know the Taxpayer's Rights
- Read and Enforce the Internal Revenue Manual
Actions Which Are Negotiable
- Discuss Agent's Plan and Time Line
- Be Aware of Client's Records, Business Procedures, and Facts
- Presentation of Records
- Subsequent IDRs - Clarify Agent's Request
- Schedule Meetings and Regularly Agree on Status
Options When You Disagree With Agent's Findings
- Location of the Audit
- Interviewing the Taxpayer
- Tour of the Business
- Third-Party Interviews
- Summons of Records
About The Presenters
- Agree, Disagree, Ignore
- Meet With Manager
- Request the Fast Tract Settlement Program
- Make a Formal Appeal Request
Greta P. Hicks, CPA
- Former IRS Revenue agent and regional training coordinator
- After a stint as tax manager for Ernst & Young, Greta started her own business and for 34 years her CPA practice has been limited to representing persons who have IRS problems
- Wrote, "IRS Examination and Appeals Procedures" on www.CCH.com as well as, pilot tester of on-line continuing education courses for Thomson-Reuters
- Wrote a number of continuing education courses on IRS practice and procedures and has articles regularly published in professional as well as trade magazines
- Has traveled the U.S. and taught tax update seminars as well as various “Inside the IRS” topics
- Currently active on the Texas Society of CPAs’ IRS Relations Committee and is former coordinator of Houston’s IRS/Practitioner Study Group
- Serves on the Editorial Board of the Texas Society of CPAs and is tax editor of Today’s CPA
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