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Irs Audit: Irs Agents
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During an IRS audit a privately held company may be required to produce the minutes of the company. If they do not, or can not give the minutes to the IRS agent, the problems stand as found. There is no negotiation with the IRS.
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In addition to misinterpreting the tax law, some IRS agents may make a bigger mistake during an audit. They might simply act rude and abusive. You don’t have to take this, but you should take advantage of it.
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A large non-profit health care system was undergoing an IRS audit when the IRS agent proposed revocation of the entire system’s exempt status. The client needed sophisticated exempt organizations counsel to help it preserve its exemption and close the audit.
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Irs Agents