Timing for Irs Audits of 401k Plans-your experience

[Floridaattorney]

We have a client selected for audit of 401k plan by the IRS.

Auditor asked for a number of items regarding plan in August 2012. Auditor visited client in september 2012 and was given all requested items.

Auditor asked for a couple of more items in september. Client asked auditor to provide put that request in writing.

There has been no communicatiion from auditor since september.

Since that is about eight months, I am curious. If you have clients who have been audited by Irs,is this typical timing for a plan audit? What has your experience been regarding how long it takes to get a closing letter?

Would appreciate any comments regarding your experiences with Irs audit timing.

[Lou S.]

^{It varies by auditor.}

^{We've had some wrapped up in a few weeks. Others have dragged out close to 2 years.}

[Peter Gulia]

Which years are the subject of the examination?

If your client didn't consent to extend the statute of limitations, the IRS's delay might help the taxpayers.