IRS Audit Success Needs Mutuality, Self-Awareness: Experts

Law360, New York (March 19, 2014, 5:15 PM EDT) -- Companies that are navigating the IRS’s audit process and newly streamlined information document request protocol should treat the process like a partnership and be mindful that the agency is striving to establish meaningful relationships with taxpayers, experts said Wednesday in a Deloitte LLP webcast.

In recent months, the agency’s Large Business & International division has issued a series of directives that streamline its information document request process by establishing stricter deadlines and requiring the agency to issue highly specific information requests. But taxpayers also need to...
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