The Internal Revenue Service (IRS) has five areas of focus for exempt organization audits. A main point of emphasis is the tax gap, which refers to the gap between the amount of tax being reported and paid, and the amount the IRS asserts is properly owed. When it comes to the tax gap, the IRS has found that Unrelated Business Income Tax (UBIT) and employment taxes are fertile ground for collecting additional tax revenue.
Join us for this webinar where we will discuss:
- The areas of focus and types of audits you should prepare for from the IRS
- How to prepare if you are notified of an IRS audit
- What to give and what not to give the IRS
- How to minimize the amount of time it takes for the audit
Access the Podcast
Webinar Handout Materials: How to Prepare for an IRS Audit
Note: CPE credit is not available for the podcast.