2024 IRS Audits and Appeals: Background and Strategy

Event: Live Webinar
Event Date: April 17, 2024
Presenter: Adam Fayne
Event Time: 1:00 PM EST
Duration:60 Minutes


Navigating IRS examinations and settlements can be complex and daunting for taxpayers and their representatives. This session with tax attorney, Adam Fayne aims to provide a comprehensive update on current IRS examination and settlement initiatives and procedures, equipping attendees with the knowledge and tools necessary to effectively handle audits and appeals.

The session will begin with an overview of recent developments in IRS examination and settlement practices, including updates on relevant regulations, guidelines, and initiatives. This will provide attendees with a solid understanding of the current landscape and what to expect when dealing with the IRS.

Next, Adam will delve into the rights of taxpayers during examinations and the appeals process. Understanding these rights is crucial for ensuring fair treatment and a satisfactory resolution. Adam will cover topics such as the right to appeal determinations by examination agents, as well as the appeal process for collection enforcement actions like seizures and liens.

During the session, Adam will focus on practical strategies for handling audits, including how to respond to Information Document Requests (IDRs) and engage with auditors effectively. We will also discuss best practices for navigating audits that involve potential criminal or fraud elements, ensuring that attendees are prepared for even the most challenging situations.

Finally, Adam will provide insights into the appeals process, including how to appeal an unsatisfactory audit determination to the IRS Office of Appeals or the US Tax Court. Attendees will learn about the key steps involved in the appeals process and how to effectively advocate for their clients.

Overall, this session will provide attendees with a comprehensive understanding of IRS examination and settlement procedures, along with practical strategies for navigating audits and appeals. Whether you are a tax professional or a taxpayer facing an audit, this session will equip you with the knowledge and tools needed to achieve a successful outcome.

Session Highlights:

  • How to prepare for an audit and respond to Information Document Requests.
  • How to navigate an audit when fraud is involved.
  • How to respond to a Summons request.
  • Available options when you disagree with an audit determination – Appeals, Tax Court, and District Court.
  • Settlement initiatives of the IRS.

Learning Objectives:

  • Provide an update on current IRS examination and settlement initiatives.
  • Explain the rights of taxpayers to appeal examination and collection enforcement actions.
  • Offer insights and tools to assist clients in navigating routine audits and those involving potential criminal or fraud elements.
  • Guide how to respond to Information Document Requests (IDRs) and engage with auditors effectively.
  • Provide strategies for handling audits involving fraud allegations.
  • Explain the process of appealing an unsatisfactory audit determination to the IRS Office of Appeals or the US Tax Court.

Who Should Attend

  • CPAs
  • Tax Practitioners
  • Tax Preparers Managers
  • Bookkeepers & Accountants
  • Tax Consultants
  • CFOs
  • Lawyers

Speaker Profile:

ADAM S. FAYNE is a partner with Saul Ewing Arnstein & Lehr LLP, where he assists companies and individuals, nationally and internationally, on corporate and tax issues. As a corporate attorney, Mr.Fayne routinely advises management or in-house general counsel on various legal matters affecting their day-to-day corporate activities. His experience includes handling matters involving mergers and acquisitions, employment, compliance, litigation, personal injury, vendor contract review and negotiations, employment benefits, financing, real estate and many other issues. Mr. Fayne helps businesses and individuals with tax controversies before the Internal Revenue Service and tax planning, both domestically and internationally. He also handles a variety of white collar criminal matters, both federal and state particularly involving civil and criminal tax fraud, including tax evasion, money laundering and offshore tax compliance. Mr. Fayne‘s knowledge of tax law is informed by his former role as a Special Assistant United States Attorney with the Department of Treasury Internal Revenue Service. He earned his B.A. degree from the University of Arizona, and his J.D. degree, with honors, from Chicago-Kent College of Law.