Mar. 23, 2017
IRS expands Fast Track Settlement nationwide for more taxpayers
In the past, Fast Track Settlement has been available for complex audits -- handled by the IRS's Large Business & International Unit which deals with large companies and high net worth individuals.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
What's better than an end to an IRS audit? A quick, or at least quicker, one. Recently, the IRS issued Revenue Procedure 2017-25, formally expanding a program that has the potential to speed up the long, arduous, expensive slog through the administrative process. It's called "Fast Track Settlement." While it isn't new, its availability to millions more taxpayers is.
Fast Track Settlement offers the potential to resolve audit disagreements with the IRS in as little as 60 day...
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