AUDITS

Featured Audit Articles

Audit Reconsideration: An Effective Way of Resolving Disputes With the IRS

An audit reconsideration is defined by the Internal Revenue Manual (IRM) as: the process the IRS uses to reevaluate the results of a prior audit where additional tax was assessed and remains unpaid, or a tax credit was reversed. If the taxpayer disagrees with the original determination, he/she must provide information that was not previously considered during the original examination.

Sales Tax Audit Best Practices

To increase revenue, many states are increasing the number and scope of sales and use tax audits. There are many steps accounting firms and corporate tax departments can take to reduce the administrative and other costs that result from the increased number of audits.

All Audit Articles

Audit Reconsideration: An Effective Way of Resolving Disputes With the IRS

An audit reconsideration is defined by the Internal Revenue Manual (IRM) as: the process the IRS uses to reevaluate the results of a prior audit where additional tax was assessed and remains unpaid, or a tax credit was reversed. If the taxpayer disagrees with the original determination, he/she must provide information that was not previously considered during the original examination.