The Internal Revenue Service has substantially increased its scrutiny of the loss reserve tax deductions of property/casualty insurers. The new and more aggressive IRS posture is confirmed in an important IRS Coordinated Issue Paper on loss reserves. Many P&C insurers nationwide are facing IRS challenges to their carried loss reserves. Actuary Susan Forray and attorney Dick Riley, from their respective professional perspectives, will discuss loss reserving issues and procedures most affected by these IRS audits. The panelists will also discuss the current status of IRS Examination and Appeals activity plus court cases, and how companies can best prepare for and respond to IRS enforcement activity in this area.