Partner Content

Tom Maguire: New challenges for firms faced with increasingly complex tax audits

When managing tax obligations, it’s important that businesses understand the changes under Revenue’s updated code of compliance

It’s important for businesses to carry out health checks to examine how they are managing their tax obligations

In July last year, Michael Schmidt, Washington correspondent for the New York Times, reported that a former FBI director and his deputy, both of whom former president Donald J Trump wanted prosecuted, were selected for a rare audit programme that the Internal Revenue Service (IRS) said was “random”.

Those individuals were James Comey and Andrew McCabe. Schmidt made the following comment in that piece: “Among tax lawyers, the most invasive type of random audit carried ...