Understanding the Intricacies of the IRS Audit Process

Featuring: 29-year veteran IRS agent – James Pickett

An IRS audit does not begin with proposed adjustments or penalties. It begins with process. Understanding how an examination is structured, how revenue agents develop issues, and where taxpayers have leverage can materially affect outcomes.

This one hour session walks through the IRS examination process from start to finish, with a practical focus on how businesses and their advisors should prepare, respond, and engage at each stage of an audit.

What we will cover
During this session, Bennett Thrasher’s Tax Controversy team will cover key elements of the IRS examination lifecycle, including:
• The planning and risk analysis phase of an IRS exam
• Key differences between SB SE and LBI examinations
• The Information Document Request process and how scope and timing are determined
• Understanding proposed adjustments, including NOPAs and lead sheets
• How to read and respond to the Revenue Agent’s Report
• Managerial conferences and when they are effective
• The path to Appeals and what triggers a formal protest

Who should attend
This session is designed for finance, tax, and accounting leaders who may be responsible for managing or supporting an IRS examination.

Typical attendees include:
• CFOs and controllers
• Tax directors and in house tax managers
• Business owners of closely held companies
• Finance leaders at companies with increasing complexity or growth
• Advisors who interact with IRS examinations but want a clearer view of the process

Meet Your Expert: