Defending Against IRS Audits of Closely Held Companies, Part 1



  • Available Until 9/20/2024
  • Next Class Time 12:00 PM CT
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 09202022
  • MCLE Credits 1 hour(s)

Course Price: $89.00


This program will provide you with a practical guide to defending closely held businesses and owners against IRS audits and collection activity. The program will discuss counseling clients about what to expect in the process and preparing their documentation for review.  It will also cover assessing their potential liability and preparing strategies accordingly.  The differences between income and employment tax issues will also be covered. This program will provide you with real world guide to defending against IRS audit and collection activity of closely held companies. 


Day 1 September 20, 2022:

  • Ascertaining the IRS’s goals and determining a reasonable range of settlements
  • Types of settlements and IRS settlement standards
  • Appeals process and rates of success at each level
  • Negotiating an audit settlement in anticipation of collections
  • Collections process, defenses, and forms of penalty


Day 2 September 21, 2022:

  • Counseling clients about the scope and nature of IRS collection activity
  • IRS use of asset freezes – cash and liquid assets
  • Liens and levies – and how to obtain releases
  • Obtaining injunctive relief from collection activity
  • Interrelationship of bankruptcy law and collection activity



Stephen J. Turanchik is an attorney in the Los Angeles office of Paul Hastings, LLP, where his practice focuses on tax litigation at the state and federal levels as well as tax controversy work at the administrative levels. Before entering private practice, he is previously litigated for six years for the U.S. Department of Justice, Tax Division, where he litigated over 300 tax cases in federal, bankruptcy, state and probate court. He has also lectured at Loyola Law School and California State University, Fullerton on topics relating to tax litigation and is chair-elect of the executive committee of the Los Angeles Bar Association’s Tax Section. Mr. Turanchik received his B.A. from the College of the Holy Cross, his J.D. from Fordham University School of Law, and his LL.M. in Taxation from New York University School of Law.

Lydia Turanchik is a partner in the Los Angeles office of Nardiello Turanchik, LLP, where her practice focuses on tax litigation and controversy matters against the United States Department of Justice, the Internal Revenue Service, and state tax agencies.  She has handled tax disputes at all levels, including audit, appeal, settlement, litigation and collection.  Before entering private practice, she was a trial attorney with the U.S. Department of Justice’s Tax Division in Washington, D.C.  Ms. Turanchik earned her B.A. from Tufts University, J.D. from Vermont Law School, and her LL.M. from Boston University.