The IRS reviews every estate and gift tax return and audits them at a far higher rates than income tax returns.

When a client return is chosen for examination and audit, an estate is subject to a very time-consuming and costly process. Understanding the steps in the process, the personnel involved, and the limits of what you can reasonably expect as part of a settlement are all essential to successfully concluding an audit. It's also very important to understand how returns are selected for exam.

This program provides a practical guide preparing for and defending and audit and tips for reducing the risk of triggering an audit.

• Timeline, process, personnel and deadlines – understanding how an audit unfolds
• Common audit triggers and how returns are selected for examination
• Review of common issues on audit – FLP/FLLCs, defined value clauses, insurance policies and lifetime gifts
• Drafting responses and working with IRS personnel
• Determining the range of reasonable settlement proposals
• Important attorney-client privilege, statute of limitation, and evidentiary considerations

DETAILS
Phone/Audio
Thursday, May 5, 2022
1:00–2:00 PM

SPEAKERS

• Brian R. Harris, Fogarty Mueller Harris PLLC, Tampa, FL

PRODUCED
May 5, 2022

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.