Preparing to Navigate IRS Appeals: Strategy Considerations for the In-House Tax Practitioner

Jeffery S. Luechtefeld discusses the roles and strategies of in-house tax practitioners amid the ever-changing tax system. He writes that in-house tax practitioners must be vigilant and stay informed about the myriad of complex business, tax, regulatory and reporting changes affecting their company at all times. Especially, when called on to defend the tax positions taken by the company during an IRS examination.

When it comes to understanding a company’s exposure, Luechtefeld explains, “It is important that the in-house practitioner make an early and accurate assessment of what the IRS’s proposed adjustment means to the company.”

His article also outlines important questions that in-house practitioners need to answer to further determine the material impact of any proposed IRS adjustment to the company’s operations in addition to other important considerations before taking action.

“By answering these questions the in-house practitioner is in position to properly frame the issue for other internal decision makers and begin to develop a plan to resolve the issue that takes into account the impact on the company,” writes Luechtefeld.

Republished with permission. The full article "Preparing to Navigate IRS Appeals:  Strategy Considerations for the In-House Tax Practitioner" was originally published by Accounting Today on August 23, 2022 (login required).