Tips to Resolve IRS Audits – Audit Preparation and Information Gathering

Overview


McDermott Will & Emery partner Kevin Spencer spoke at the Tax Executives Institute, a global association of in-house tax professionals, on how to prepare and gather information for an IRS audit.

Topics discussed at the seminar included:

  • Best practices to prepare for an audit
  • Examination information gathering
  • The ins and outs of information document requests
  • International information gathering
  • Administrative summonses
  • IRS interviews and tours
  • Privilege: attorney-client, work-product, and tax-practitioner
  • Managing the statute of limitations
  • Best practices to close and resolve an audit