TAX2412. Anatomy of a Tax Controversy

Ben Franklin famously said: "in this world, nothing is certain except death and taxes." With the promise of significant additional funding for IRS enforcement over the coming decade, many more taxpayers are about to learn what that really means. This session will explore the various stages of tax controversy and provide practical tips for avoiding and navigating an audit. It will also discuss the interplay of the new Corporate Transparency Act and what it might mean for tax enforcement.

Learning Objectives:

• Recognize the various stages at which a tax controversy can be resolved and the pros and cons of each.
• Analyze practical tips for minimizing audit risk.
• Identify how the Corporate Transparency Act could affect tax enforcement.