Product Details
Planning for a Federal AuditBy Edward F. Bradley, CPA
Winter 1985
A company can be its own worst enemy during an IRS audit. This article offers practical advice on preparing for, conducting, completing the audit through to appeal procedures. The article covers IRS requirements, records collection, period for assessing tax, cooperation with the agent, audit procedures, and unagreed tax issues. Legal penalties are discussed. Examples drawn from both agent and company sides of the audit expand key points.