AICPA to Testify on IRS Correspondence Audits of Taxpayers at IRS Oversight Board Meeting
Patricia Thompson, the chair of the Tax Executive Committee of the American Institute of CPAs, will testify at the IRS Oversight Board Meeting on Feb. 28 about how IRS correspondence audits can be more effective for the IRS and less burdensome for taxpayers. The meeting will begin at 1 p.m. ET at IRS Headquarters, 1111 Constitution Avenue, N.W., Washington, D.C.
The IRS uses correspondence audits to obtain additional information from taxpayers about a few limited issues on the taxpayer’s return. Correspondence audits are generally narrower than a traditional audit of a taxpayer’s return and are conducted via written communications.