Companies Under Real-Time Audit Are ‘Training’ IRS on Tax Law

Corporations participating in a real-time IRS audit program are essentially instructing the agency on how to examine their compliance with provisions of the 2017 tax law, the chief tax officer of an insurance multinational said.

“They keep telling us, ‘We don’t know what questions to ask because we haven’t been trained yet,’” said Dina Shapiro, chief tax officer at Marsh & McLennan Companies Inc., during a May 31 insurance tax conference in Washington. “We’re training them, which actually is good, because as you know, when you have somebody who’s being trained at something, you can train them the way ...