What to expect when the IRS comes a-knocking

Description

Abstract: Nothing can strike fear in the heart of a nonprofit like receiving the news that it’s been selected for an IRS audit — an audit can be intimidating, not to mention costly and time-consuming. This article discusses the IRS’s recently released internal guidance for requesting audit information from tax-exempt organizations. A sidebar highlights the agency’s nonmandatory best practices intended to make the overall process more effective for auditors — which, in turn, could save nonprofits time and resources.