Negotiating a Closing Agreement With a Department of Revenue

Peter Faber wrote this bylined article discussing negotiation of closing agreements in tax audit settlements between departments of revenue (DOR) and taxpayers. “It is important that an audit be resolved by an agreement that binds the DOR, as well as the taxpayer,” Mr. Faber wrote. Just as with any contract, he continued, “The language should be precise and its implications should be carefully considered.”