Question

When the IRS examines the returns of large corporate taxpayers, it uses a team approach in its field audits known as the:

a. Collective Examination Program
b. Grouped Examination Program
c. Coordinated Examination Program
d. Team Examination Program

Answer 1

The IRS uses a team approach in its field audits of large corporate taxpayers known as the Coordinated Examination Program.

Step-by-step explanation:

The correct answer is c. Coordinated Examination Program. When the IRS examines the returns of large corporate taxpayers, it uses a team approach in its field audits known as the Coordinated Examination Program. This program allows the IRS to assign a team of examiners with different expertise to review the taxpayer's records and ensure compliance with tax laws.