Archive for September 28, 2011

How to Play Hardball with IRS Examiners by Peter J Reilly

Hard ball

Document requests from examiners when audits are initiated will often seem rather intimidating.  When representing substantial clients, we often attempt to actually give them everything they ask for in a neatly cross-referenced  book.  Knock on wood, that has resulted in quite a few no-changes in the last several years.  Exams is the paper tiger of the IRS.  They can drive a taxpayer who wants to be compliant insane, but they can’t really do anything to you other than ultimately send you a bill in the form of a statutory notice of deficiency. You have ninety days to appeal that determination in Tax Court.  » Read more..