IRS Audit Roundtable - Virtual Only

Date -
Chapter - Chicago

Event Description

TEI Chicago Virtually Present: “IRS Audit Roundtable”  Monday, December 12, 2022, 9:00 am– 11:00 am 

 

Join us for a confidential free flowing discussion between attendees led by Chapter Member moderators experienced in current Federal and State Income Tax audit procedures and issues. 

                                   

Agenda

 

Federal:

Any Audit Activity

  • ERC
  • TCJA
    • 965, FDII, GILTI, and BEAT
    • 163j
  • Employment audits
    • 162m

 

Expectations in IRS audit activity with increased staff

  • More desk audits
  • Potential Change in reporting 
    • UTP Schedule
    • R&D Credit Form 6765

 

  • Standardized IDRs
  • Involvement of specialists and interaction between the specialists and the team coordinator
    • Use of technology
      • Secure email
      • File transfer
      • Conferencing
    • Timelines – are IRS teams sticking to initial timelines?

 

  • Computer Audit Specialists – where are you seeing them involved?  General ledger, tax preparation software?

 

  • How are companies using external support (accounting firms, law firms) versus staffing audits with internal resources?
  • Around the Virtual Room
  • What is on your mind regarding IRS audits?

 

State:

  • Aggressive states – Florida, California, Michigan
  • Extensive audit requests
  • Unreasonable application of the law
  • Forced unitary filings (only if favorable to the state)
  • Disallowance of related party expenses
  • Virtual vs in person

 

 

 Moderators:

  • Catherine Cappuzzello (Fresenius Kabi USA, LLC)
  • Ryan Gibbon (Zurich North America)
  • Alana Reimer (State Farm)
  • Cathy Stevens (Brunswick Corporation)

 

 

Close