Tax Controversy Services – Defending Federal & State Audits
Defending Federal & State Tax Audits: Successful Results Are No Accident. Too often, taxpayers underestimate the importance of knowing, understanding and controlling the audit process. Having experienced professionals guide the audit process, position you for success and protect your rights is crucial to obtaining the best result possible. alliantgroup Tax Controversy Services (TCS) division is a team of experienced tax professionals who can manage your audit and help you close your audit quickly and successfully. Procedural options are available for obtaining the best result. Here are some key considerations for taxpayers who may be faced with a current or future audit:
Audit Planning / Pre-Audit Analysis
It is never too early to prepare for an audit. Taxpayers often make the mistake of waiting until the IRS is on their doorstep to plan for their audit, when it may be entirely too late. For example, examiners today are trained to go far beyond tax returns and workpapers when examining taxpayers. If your corporate document retention policy fails to address the retention of materials necessary to defend an audit, valuable and necessary materials may be destroyed before the examining agent ever gets the case. There are other steps as well that you can take to ensure that proper substantiation is created, events are documented and taxpayer benefits are being maximized. alliantgroup has developed a pre-audit Analysis focused on assisting taxpayers in planning for the audit process before you appear on the IRS radar.
What is the IRS agent going to review during your audit? Will it be a Limited Issue Focused Examination (LIFE) audit or a general audit? Managing an audit is more than simply answering IDRs when served. A successful resolution requires proactive and prepared representation that can focus agents on the key issues and push the audit toward a timely and fair conclusion.
Mismanagement and inattention to the audit process often leads to expansion of the audit issues at hand, thereby prolonging of the process and causing more distractions to your business. From the initial meeting with the IRS through the close of the audit, alliantgroup diligently handles the daily tasks associated with pushing an audit toward successful resolution, ensuring that you are free to focus your time and efforts on your business.
Substantive and Procedural Knowledge
With a core of more than 70 attorneys and a diverse team of professionals (including CPAs, engineers, chemists, biologists, computer engineers and others) alliantgroup can handle any situation encountered in the audit process. Although many CPAs are familiar with the application of the substantive law, additional knowledge and experience applying the numerous procedural mechanisms available to taxpayers can be invaluable in determining the course of your audit. Private letter ruling, technical advice memorandum, pre-filing agreement, compliance assurance processes, fast track settlement and post-appeals mediation are just some of the options available to taxpayers to arrive at the desired resolution. Having your audit directed by an experienced litigation attorney who is knowledgeable in all of these procedural options can make all the difference.
Whether defending an audit that already has begun or preparing for the audit that each business owner will ultimately endure, alliantgroup TCS has the knowledge, experience and resources to position you for the best results possible.