COURSE DESCRIPTION
Master the strategies and procedures necessary to protect closely held businesses during IRS examinations where personal and business tax issues intersect in complex audit scenarios. This foundational program provides essential guidance on audit defense techniques specific to privately held companies and their owners. Build the knowledge base necessary for effective representation during IRS examinations that threaten both business operations and personal financial security.
- Understand IRS audit selection criteria and examination procedures specific to closely held companies
- Navigate document production and information gathering requirements while protecting attorney-client privilege
- Address common audit issues including officer compensation, personal expenses, and related party transactions
- Develop audit defense strategies that minimize tax liability while preserving ongoing business relationships
Speaker:
Stephen J. Turanchik is an attorney in the Tax practice of Paul Hastings and is based in the firm’s Los Angeles office. Mr. Turanchik's practice focuses on tax controversy and litigation at the state and federal levels and tax advice on international reporting. Mr. Turanchik previously litigated for six years for the U.S. Department of Justice, Tax Division, Civil Trial Section out of Washington, DC. Mr. Turanchik has substantial litigation experience. During his tenure with the Tax Division, Mr. Turanchik handled hundreds of tax cases in federal, bankruptcy, state and probate court. He received an Outstanding Attorney award from the Tax Division in 2003.