When will companies see the IRS restructuring result in improved audits?
Hopefully, many will see a material difference anywhere from six months to three years from now. Obviously, it isn’t going to happen immediately for everybody. But I would hope that in a lot of key cases, we will see some immediate changes in how audits are planned and implemented, and how the relationship can be improved. Is it becoming more common for people with your business background to take high-level positions with the IRS? Yes. The Alcoa tax director who just retired, Linda Burke, has been selected as LMSB’s operating counsel. She was the first woman president of the Tax Executives Institute. And we’ve already announced that Carol Dunahoo, who came from PricewaterhouseCoopers, is going to be in charge of international. Soon we will announce probably all five of our senior technical advisers, who are assigned to the industry groups. They’re coming from Corporate America. And by August, we will be able to announce several senior technical adviser positions. We’ll have seven peop
