When you receive a notice that your tax return is being audited, it will generally cause some anxiety. Even if you think you did your taxes correctly, it’s impossible to know with certainty that the IRS won’t find something wrong with your return. The audit process...
When You Have Serious Tax Issues, You Need Someone Who Knows Tax Law
IRS Audits
When to Appeal an IRS Audit
You’ll have to consider the following factors when deciding whether to appeal the results of an IRS audit: How much money is at stake. Your arguments for disputing the tax assessment. Whether you are able to come to a settlement. The advice of your representative or...
What Happens If You Ignore an IRS Audit Notice?
Ignoring an IRS audit notice can result in an assessment of additional tax, penalties, and interest. If you continue to ignore subsequent IRS notices, you may lose your right to dispute the case in Tax Court, and the IRS can begin trying to collect the tax. Regardless...
What to Do If You Get an IRS Audit Notice
Even the most honest taxpayers get nervous when they receive a notice of an IRS audit. The audit process can be stressful, but many audits can be resolved fairly simply and without even meeting face-to-face with your auditor. If you receive an IRS audit notice, follow...
Items On Your Tax Return That May Increase Your Audit Risk
The IRS can’t audit every tax return, so they use shortcuts to identify returns with major errors or red flags. If you have certain unusual items on your return, the computer programs used by the IRS may flag your return for closer scrutiny. Some items that increase...