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Defending Business Audits (Teleseminar)
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Defending Business Audits (Teleseminar)

2 CLE hours

8/12/2014 to 8/13/2014
When: 08/12/2014 - 08/13/2014
1:00 PM to 2:00 PM
Contact: (404) 521-0781

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One-hour CLE programs are just a phone call away
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An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

Defending Business Audits - 2 CLE hours

IRS audits of mid-sized businesses and self-employed business professionals individuals can be a very costly and time-consuming distraction. The audit, if not properly managed, can grow in the scope of issues involved, require the production of boxes of documents, and involve substantial time by the owners and/or mangers of the company. Representing clients in the progressive stages of an audits requires a practical understanding of the types of audits to which a business client may be subject, how they differ from each other, how to respond to the IRS and how to define reasonable expectations by a client and work toward closure of the audit or a settlement. This program will provide you with a real-world guide to representing a mid-size business or a self-employed individual in an IRS audit, including responding to the IRS, managing the stages of the process, and working toward closure, settlement, or on appeals.
Day 1 – August 12, 2014:

• Procedural and substantive framework of audits of mid-size businesses and self-employed individuals
• Types of audits – letter, field, office – and the implications of each type
• Common issues arising in audit – employment taxes, reporting in cash-based businesses,
   improper deductions
• Containing the scope of an audit over time and the role of an examiner’s discretion
• Essential preparation for an initial IRS interview, including document assembly and review
• Overall timeline of audits and deadlines

Day 2 – August 13, 2014:

• Statute of limitations of limitation and extensions
• Issues common to S Corp audits, including unreasonably low compensation
• How audits involving employment taxes differ from other audits
• Penalties and interests, and opportunities for waver or abatement
• Settlements – defining what’s reasonable, negotiations, and closing agreements
• Appeals within the IRS from an examiner’s determination


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, he 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. Mr. Turanchik 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.

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