§ 5:68 In General
Once, a Revenue Officer has determined the basic financial and organizational information about a company, he or she will begin gathering supporting documents. It is standard practice to summon the company’s banks for corporate resolutions, signature cards, bank statements, cancelled checks, and loan agreements. Revenue Officers will also seek copies of contracts, leases, and corporate minutes books. Normally at the outset of the investigation, the Revenue Officer will not have the corporate tax returns, but as the investigative process begins, he or she will request copies from the Service Center.
§ 5:69 Oral Presentations
Oral presentations on behalf of your client sometimes will prevent assertion. Always point out your client’s dire financial situation when appropriate since the Internal Revenue Service might give her a pass based upon uncollectibility. [IRM 22.214.171.124]