- Practitioners React to New Jersey Audit Manual Release
- March 9, 2017 | Author: Leah Robinson
- Law Firm: Eversheds Sutherland (US) LLP - New York Office
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Eversheds Sutherland (US) Partner Leah Robinson is quoted in this Tax Notes article regarding the New Jersey Division of Taxation publicly releasing its audit manual, which has been praised by practitioners who see it as a benefit to taxpayers.
“One interesting aspect of the manual was the discussion of what’s known as Bakerman Agreements, a tool for companies whose statutory protest rights have expired but that would like the division to reopen an audit nonetheless,” said Leah.
She added, “I have used Bakerman Agreements in the past; one notable occasion involved an assessment that was lost in the company’s mailroom. The Division had done everything correctly in mailing it, but somehow it never reached the company’s tax team. By the time they were aware of it, it was too late to formally protest. By entering into a Bakerman Agreement, the company was able to present data to show that the assessment was much higher than it should have been.”