IRS  Audit  Technique  Guides  for  Auto  Dealerships ...

Special  Tax  Audit  Issues  for  Dealerships

Date:  September 21, 2011 …   1 p.m. Eastern; 12 p.m. Central; 11 a.m. Mountain; 10 a.m. Pacific. 

     This 3-hour audio seminar surveys several of the IRS’ Audit Technique Guides (ATGs) of special interest to dealership controllers and CPAs.  This seminar provides insight into the areas that examining agents are encouraged to review in dealership audits and the tools and training the IRS suggests in its ATGs for this purpose. 

     In addition, Mr. De Filipps analyzed several subjects and issues that are currently of special interest or concern to dealerships.  These issues were selected from recent presentations by the IRS Motor Vehicle Technical Advisor. 

Topics included …

        ·    IRS Audit Technique Guide for New Automobile Dealership

        ·    Used Car Dealers Audit Guide

        ·    Cost Segregation Studies for Auto Dealerships

        ·    Capitalization vs. Repairs

        ·    Section 263A cost cap for dealership activities not covered by safe harbor elections

        ·    Shareholder Loans (vs. Constructive Dividends) Audit Guide

        ·    Selected issues for additional discussion