Managing Income and Franchise Audits - The Auditors Speak

CD of Live 90-Minute Telephone Conference with an Interactive Q&A Session Conducted on July 12, 2005 Now available on CD

Audits are set up as adversarial proceedings. So it is virtually guaranteed that, at some point during a state income or franchise tax audit, the auditor and your company will disagree strongly about how much income should be apportioned to that state, whether your company has provided adequate documentation and made timely appeals, and other frequent points of contention.

However, it's counterproductive to treat the process like war, and it behooves a corporate tax department to have advance knowledge of what the other side expects -- competitive intelligence to help plan for a smooth audit about which both sides can be happy.

Listen from your office phone as our panel of income and franchise tax audit administrators from major states evaluates corporate audits from their side of the aisle. Representatives from the Florida, Massachusetts and Minnesota Departments of Revenue and California Board of Equalization have been invited to participate.

You'll find out how audit supervisors think companies can help ensure a well-run audit and what mistakes they absolutely don't like to see repeated. They'll offer their insights on:

• the auditor's expectations and standards
• mistakes and missteps by taxpayers that irritate the revenue agency
• behavior and documentation auditors simply will not tolerate

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TELECONFERENCE CD