BROWN & STREZA BLOG
By David Keligian on 6/29/2020 10:05 AM

Imagine playing in a competitive game where you know your opponent’s basic strategies and operating procedures. That’s a nice advantage, and one that taxpayers have with the Internal Revenue Service (“IRS”). Knowledge about IRS audit targets is actually pretty easy to come by, since the IRS announces them in a series of public communications. As far as IRS procedures, the IRS publishes them in exhaustive detail in the Internal Revenue Manual. This knowledge means you can lessen your chance of audit by following some fairly simple steps.


“I Have Nothing To Hide” Even if you believe you have no audit exposure, an audit can cost a great deal of professional time to successfully resolve. Professional time = fees and costs. I’ve also experienced many instances of agents proposing adjustments that made no sense. They were ultimately overturned, but that means time and money.