Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Correspondence audits are the most common, handled by mail, and typically focus on one or two specific, document-related issues. - Office audits are conducted at an IRS office for more complex issues, and the representative should attend the meeting, preferably without the taxpayer. - Field audits are the most comprehensive type, taking place at the taxpayer's business or representative's office to examine complex returns. - As a representative, always maintain control of original documents by providing copies to the IRS whenever possible. - An audit location can be transferred if there is a valid reason, such as the taxpayer's books and records being kept in a different district. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep