Tips to Resolve IRS Audits – Audit Preparation and Information Gathering

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