IRS Is Revising Tax Credit Audit Technique, Form 8823 Guides

摘要

The Internal Revenue Service is revising its low-income housing tax credit audit technique guide and guide to completing Form 8823 noncompliance reports, according to Grace F. Robertson, an IRS senior program analyst who oversees the tax credit audit program. The IRS decided to draft a new audit technique guide because the existing version hasn't been updated since 1999. "It's sorely out of date," Robertson said. Although the audit technique guide is written for examiners, it is available to the public to help taxpayers comply with the Internal Revenue Code and provide guidance on IRS thinking on key issues. The project is still in the planning stages, and the IRS has been soliciting comments from industry members, Robertson said.