Fwd: EY audit experience

Here is the summary we have on audit experience of o=r EY team.

John Cook =93 Partner PCS

• 2 or 3 High Wealth Audits

• Significant number of Federal compliance audits (line by line)=u>

Federal audits on:

• Passive versus active

At-Risk Limitations & basis

• Schedule Cs

• Charitable contri=ution and investment interest expense tracing

• Gift tax audits

Significant number of NYS and CT — Statutory residency, dom=cile and income allocation audits

David Kirk =80 Partner— National Tax PCS

• Spends 75-100 hours a year on audits

• About 50% of the audits are Global High Wealth

• Most of the matters involve treatment o= pass-through items on the 1040s — passive loss, at-risk, interest=tracing and SE tax

Elda Di Re =80 Partner — National Tax PCS

• S Global High Wealth Audits

• 5 Gift Tax Audits

• 6 =ederal compliance audits (audit of each line of return)

Dozens of regular 1040 audits

Greg Rosica =80 Partner Tax

Significant experience=representing clients in Federal and state (NY, NJ, CT, GA, CA) audits incl=ding:

• Complex financial tr=nsactions (distressed debt, related party transactions) involving individu=ls and their pass through entities

• Audits of passive v =ctive status

• Support for business=use of assets (real estate, airplanes, yachts, art, equestrian)

• Investment v trade o= business classification (cap gain v ordinary, developer v investor)

• Equity v debt treatm=nt in real estate transactions

Mitchell Kops =E2 Principal — National ITS

Some audit experience =t Withers including:

• Tax shelters, passive versus active

• Private plane

• Foreign Tax credit/deduction matter

Joseph Fuschetto=— Executive Director — PCS

• Many Federal compliance audits (line by line)

• Federal audits of Schedule Cs

• Federal Audits of Schedule E – passive = active, at-risk

• Multiple gift tax=audits

• NYS residency and income al=ocation audits

Surya Shivakumar =E2 Senior Manager — PCS

• Federal compliance audits (line by line)

• NJ audits — full substantiation of all =ines and adjustments

` NYS residency=& income allocation audits

very talented , question. has any of them tho=oughly reviewed the draft return ,

Yes. We have all of their comments. I hope to circulate shortly.

I was told not ready surprised to see it was slready=passed for comments . Told you