At the annual Convention of Public Accountants Business meeting, GAPA adopted the official position to oppose the IRS’s “Life Style Audit” method that involves closed years for the following reasons:

    • This is an invasion of privacy
    • Creates double jeopardy
    • Inability to verify “life-style” sources in closed years
    • Closed years records of innocent taxpayers may no longer be available
    • Subjects taxpayers to auditor’s “opinion” without verification
    • Places unfair burden on taxpayers without just cause
    • Inconsistency of auditors