It’s clear that the IRS has turned to technology to boost compliance. And with more than 200 million notices on the way again this year, practitioners can expect more clients to look to them for support.
To provide value all year long, firms need to manage their clients’ post-filing activity. For most, that means reacting to notices. While it’s necessary, it’s hardly proactive. And many clients either don’t provide all of the notices they receive or provide them with inadequate time for practitioners to prepare a response before IRS deadlines.
Tax firms can prepare now for increasing IRS activity. By managing their clients’ post-filing activity and using best practices to address any issues or notices that arise, practitioners can respond quickly, monitor progress, and stay current on shifting IRS practices.
© Accounting Today, 2011.