Navigating an IRS Tax Audit

Navigating an IRS Tax Audit

Navigating an IRS Tax Audit examines the nature of IRS tax audits, the format they may take and the reasons why any particular tax return might be chosen for audit. It discusses taxpayer representation before the IRS in the event of an audit and the power of attorney needed by the individual chosen to engage in the representation. 

The course considers the nature of the various types of income tax audits—including correspondence audits, office audits, and field audits—that may be undertaken by the IRS and the issues that may be challenged during it. Common sense practices designed to minimize the likelihood of audit triggers are suggested.  

Upon completion, students should be able to:

• Describe the types of tax audits initiated by the IRS and the typical taxpayer issues addressed;
• Recognize how an IRS tax audit is normally conducted and limited by the statute of limitations; 
• List the factors that increase the likelihood of an IRS tax audit and strategies to minimize the chance of an IRS tax audit;
• Describe the nature and function of a power of attorney; and
• Identify the acts that may be performed for a client under a power of attorney.

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