The Illinois Department of Revenue (IDOR) recently announced an expansion of its audit resolution program as it braces for a wave of litigation over amendments to the state’s marketplace facilitator law. The department expands its Audit Fast Track Resolution...
This podcast provides an overview of Multistate Tax Commission income tax audits. It discusses:
The MTC audit selection process
MTC audit statistics
Strategies and considerations for MTC audits
Robert Wood has a timely reminder that certain forms, if not filed or filed properly, can create major statute of limitations problems for U.S. taxpayers. Robert W. Wood, Scariest Tax Form? Skip It, And IRS Can Audit Forever (Forbes 3/l3/14), here . The...
In a recent speech at the mid-year conference of the Tax Executives Institute, IRS Deputy Commissioner Steven T. Miller laid out the framework for the future of IRS corporate audits. To borrow Mr. Miller's own assessment, this is bad news for large...
As reported in Tax Analysts , the Syracuse University's Transactional Records Access Clearinghouse (TRAC) report of April 12 faulted the the IRS for committing less audit resources to large corporations, while IRS representatives countered by saying...