Summary
RMO No. 12-98 sets the policies and procedures for implementing the 1998 Audit Program, including its coverage and exceptions.
Key points
- Coverage. The Order specifies the mandatory coverage and other priorities, as well as the exceptions to the Program.
- Authority documents. Letters of Authority (LA)/Audit Notices (AN) will be issued to cover 1996 and 1997 internal revenue tax returns. One LA/AN is issued for each taxable year.
- Approval of selected taxpayers. Revenue District Offices submit the list of taxpayers selected for audit through the Regional Director to the Assistant Commissioner, Assessment Service. Approval is required before any LA/AN is issued.
Who is affected
- Taxpayers with 1996 and 1997 internal revenue tax returns
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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