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Defending Against IRS Audits of Closely Held Companies - Part 1

Description

This program provides a practical guide to defending closely held businesses and owners against IRS audits and collection activity.

The program discusses counseling clients about what to expect in the process and preparing their documentation for review. It also covers assessing their potential liability and preparing strategies accordingly. The differences between income and employment tax issues is also covered.

This program provides a real world guide to defending against IRS audit and collection activity of closely held companies.

Part 1 topics include:

  • Ascertaining the IRS's goals and determining a reasonable range of settlements
  • Types of settlements and IRS settlement standards
  • Appeals process and rates of success at each level
  • Negotiating an audit settlement in anticipation of collections
  • Collections process, defenses, and forms of penalty

Contributors

  • Lydia Turanchik

    Lydia Turanchik is a partner in the Los Angeles office of Nardiello Turanchik LLP, where her practice focuses on tax litigation and controversy matters against the United States Department of Justice, the Internal Revenue Service, and state tax agencies. She has handled tax disputes at all levels, including audit, appeal, settlement, litigation and collection.

    Before entering private practice, Lydia was a trial attorney with the U.S. Department of Justice's Tax Division in Washington D.C.

    Lydia earned her B.A. from Tufts University, J.D. from Vermont Law School and her LL.M. from Boston University.

    Click here for more information about Lydia.

  • Stephen J. Turanchik

    Stephen J. Turanchik is an attorney in the Los Angeles office of Paul Hastings LLP, where his practice focuses on tax litigation at the state and federal levels as well as tax controversy work at the administrative levels.

    Before entering private practice, Stephen is previously litigated for six years for the U.S. Department of Justice, Tax Division, where he litigated over 300 tax cases in federal, bankruptcy, state and probate court. He has also lectured at Loyola Law School and California State University, Fullerton on topics relating to tax litigation and is chair-elect of the executive committee of the Los Angeles Bar Association's Tax Section.

    Stephen received his B.A. from the College of the Holy Cross, his J.D. from Fordham University School of Law, and his LL.M. in Taxation from New York University School of Law.

    Click here for more information about Stephen.

September 20, 2022
Tue 1:00 PM EDT

Duration 1H 0M

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