Receiving an IRS audit letter can be intimidating, but it doesnt necessarily mean theres a significant error on your tax return. Its simply a review. Navigating an IRS Tax Audit explores the nature of audits, their formats, reasons for selection, and taxpayer representation, including the power of attorney.

Learning Objectives

• Describe the types of tax audits initiated by the IRS and the typical taxpayer issues addressed
• Recognize how an IRS tax audit is normally conducted and limited by the statute of limitations
• List the factors that increase the likelihood of an IRS tax audit and strategies to minimize the chance of an IRS tax audit
• Describe the nature and function of a power of attorney
• Identify the acts that may be performed for a client under a power of attorney