Until now, tax audit issues could take months or years to resolve, however the IRS made great strides last week to solve this problem by introducing the Fast Track Settlement (FTS) system. The FTS program will speed up these cases to get fixed in sixty days or less from the application submit date.
Still wary about this new process? IRS claims taxpayers still be ensured all their rights, including appeal. This program has been implemented using different audit issue resolution practices to shorten the timeline and avoid drawn-out proceedings.
To learn more click here or watch this video.
With three offices in the NY/NJ Metropolitan area, RotenbergMeril can help you with all your audit, accounting, taxation, business valuation and litigation support needs. Contact us in New Jersey at (201) 487-8383, in New York at (212) 660-0050 or visit our website: www.rotenbergmeril.com.
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