An audit is a process the IRS uses to review a taxpayer’s tax filings and financial information.
The IRS often audits taxpayers for reasons such as:
- Your tax return did not include all your income.
- You have wrongly claimed tax credits or deductions.
What happens during an audit?
These days the IRS will typically inform you by mail of their intent to audit.
The tax audit may be fairly limited or have a wider scope. The wider the scope, the more challenging it usually is to respond.
Because the IRS may be wrong or missing information about your finances or filings, it is important you correctly explain your tax position.
By IRS rules there are time limits for your responses to various notices you will receive and different phases of the process. You must always read the IRS notice carefully to be sure that you are aware of all the important deadlines in your case.
Finally, you should know that you have the right to representation during an audit and you don’t have to do this alone.
If you receive an audit notice, one of the most important things to know is that you are entitled to file an appeal and that you are entitled to get professional help.
As tax professionals, we not only help you understand the process and prepare and file the best response. We can also help you understand other parts of the process such as:
- Why you are being audited
- Your privacy rights
- How your information can be used by the IRS, and
- The consequences of noncompliance with the audit.
To ensure your rights are protected during an audit call us at 602-123-4567. You can also complete our contact form here → Contact Us. Be sure to describe your situation in detail and a tax professional will contact you soon.
