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.
On March 6, 2017, Arnstein & Lehr LLP partner Robert E. McKenzie was published in a USA TODAY article called, “Your odds of facing an IRS audit are 1-in-143.”
In the article, Mr. McKenzie is quoted saying, “The significance is it’s a good time to be a tax cheat in this country.” The employment of revenue officers, revenue agents and special agents has dropped 30% since 2010, the last time the audit staffing had an increase.
Click here to read the full article.