An IRS tax audit is not something you should take lightly, but with the right representation, it doesn’t have to be the end of the world either. During an audit, the taxpayer is asked a series of questions. Your answers to these questions determine how the rest of the exam will go. Of course, you must tell the truth, but you also don’t want to unknowingly incriminate yourself or give too much information.
More than half of the referrals IRS Criminal Investigation (CI) receive come from the revenue agents who conduct taxpayer audits. Because of this, you will want to enter your audit with experienced representation on your side of the table. Our goal at Tidy Tax Services is to secure a no change determination for every possible client being audited. A no change determination means that with our help you have substantiated all of the items the IRS reviewed and no changes were made to your return.
Different Types Of Audits
When a taxpayer is audited, the IRS conducts a thorough review of the taxpayer’s accounts and financial information to make sure his or her information has been reported correctly, according to the tax laws, and to verify the amount of tax reported is accurate. The IRS will notify you of an impending audit by mail or phone. The IRS may conduct your audit by mail, in its offices, or in your office or home. Correspondence audits are typically used when IRS computers find documents missing from a taxpayer’s return. Office audits generally require more documentation on the part of the taxpayer regarding income, deductions, and other related tax information. No matter where the audit takes place, you must take it seriously because audits often lead to other tax years and other tax deductions not stated in the original audit letter.
You Have Legal Rights
Whether you are being audited by the IRS or another government tax body, you have legal rights. For example, it is your right to know why the IRS is asking for information and how the IRS will use it. You also have the right to appeal disagreements you may have with the IRS. You have the right to representation. Why would you be given the right to representation if you didn’t need it? Don’t risk giving up any of your rights because you’ve decided to try and face an audit by yourself. The professionals at Tidy Tax Services know your rights and how to use them to your advantage! Call us today. 866.749.7717