94.
The IRS has recently completed its audit of Lorene’s corporation. As a tax novice, she has very little understanding regarding the audit process and what happens next. Describe the post-audit process for Lorene and identify her options.
95.
Mel recently received a 30-day letter from the IRS. Although his tax return being audited has several potential large issues (potential tax consequences of $70,000 – $80,000), the IRS agent auditing his return only identified one item that will require a more modest adjustment ($10,000). Mel feels strongly that the $10,000 adjustment would not hold in court and was surprised that the IRS agent did not identify some of the other potential larger issues. What are Mel’s choices with the 30 day letter and what factors should influence his decisions?
96.
Kim has decided to go to litigate a tax issue with the IRS. Describe the trial level courts that Kim may use to litigate the case.