Gain a comprehensive understanding of federal tax review processes, including key review periods and scenarios where they differ. The session covers:
- Assessment and Amendment Periods Overview of standard timeframes for assessments and amendments
- Review of Assessments Process and implications when assessments are subject to review
- Unlimited review periods Fraud or Evasion and other unique circumstances
- Mutual Agreement Procedure (MAP) Timing aspects of managing cross-border tax disputes under MAP
- Record Retention Requirements Compliance guidelines for tax record-keeping; and
- Dealing with the ATO and Requesting Extensions Best practices for productive ATO engagement, including managing extension requests and potential challenges.