Meeting federal compliance and reporting requirements is one of the most resource intensive functions for a corporate tax department. It can place an enormous strain on departments that are also tasked with other critical tax and accounting functions. WTP can assist organizations with the compliance workload with loan staff or outsourcing. We can also aid in compliance workload optimization through a review of internal processes and the proper utilization of computer systems.
We represent taxpayers throughout the audit process: information document requests and responses, opening conference, IRC Sec. 6662 letter, Form 5701, RAR, and protests. We pride ourselves on developing a good working relationship with the auditors and being responsive to their requests while maintaining control of the audit to optimize the outcome for the taxpayer.
Substantiation, reconciliation and tax basis projects.