Controversy happens. Sometimes you just get lucky and don’t get your number called, but when it does, lack of controversy or the dreaded (yes, we said dreaded) “no-change” either means you have likely been too conservative with your tax return filing positions, or you inadvertently missed an opportunity and the auditor wants to close the audit before you realize it.
Yes, it’s called audit “defense” for a reason, but when you do find yourself under audit, develop an offensive game plan as well. There are always areas where you could have been a little more aggressive or where you could develop positions that can be utilized to offset detrimental proposed adjustments.
We take a holistic approach to audit defense. Our goal is to minimize the assessment in the most cost-efficient manner so that your tax department can transition to more pressing and value-added matters. Unlike football, there’s not always a winner and a loser in the world of controversy. Compromise is often the right strategy.
FandlGagnon has provided audit defense and appeals services before the IRS and in all the major U.S. states (and most of the minor ones), principally in the areas of corporate income, sale/use and property taxation. Where appropriate, we work with local resources, particularly as cases climb the ladder of the appeals process.
No one is immune to audits. They can and do happen. You may think you won’t get that call, but when you do, it will be “go time.” Dealing with the government is stressful, confusing and time consuming, and having a strategy in place before you need it is critical.