Many tax controversies are better resolved sooner rather than later. Accordingly, it is often to your client’s advantage for you to begin work on the case promptly. Your first goal should be to accurately gather the necessary information. You must control this information gathering process. Otherwise, the client will often inundate you with reams of useless information while neglecting to hand over truly important documents. The initial interview with the client is an important step in your preparation for audit.
Robert E. McKenzie was recently featured in The Wall Street Journal article, “Donald Trump May Be Able to Slow His Tax Audit.” The article discusses how Donald Trump and his attorneys have some ability to slow the audit process. According to Mr. McKenzie, it was “close to impossible” that the audit would finish by Election Day. “The complexity — even if they had a handshake agreement — of getting it memorialized into a deal could take months.”
Click here to read the full article.