How should a corporation strategically review its capital markets and financial activities in the United States?

Journal
Hammer, V.
United States
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2008 (Volume 10), No. 1
Format/Price
JournalUSD 45

This article explores ways to avoid audit risk in connection with a company's financial activities, and describes effective methods for dealing with the Internal Revenue Service (IRS) when it begins examining financial transactions. As conflicts with the IRS can sometimes be prevented or curtailed through effective communications with the other institutions involved in the tax universe, the article also considers the workings of the IRS, the relationship between the IRS Chief Counsel, the Office of Tax Policy at the Department of the Treasury and various Congressional bodies creating the tax law.