Using Tax Network USA to help with an audit can significantly increase your chances of getting a better outcome. Our licensed Enrolled Agents, CPA’s and Tax Attorneys will analyze your situation to determine the best approach to resolve the audit on your behalf.
If you are facing penalties that are a result of an audit – and would like to challenge the outcome – an audit reconsideration request would need to be submitted. However, given the seriousness of the issue, this is best done alongside a tax professional.
In one phone call, you can get all your tax audit questions answered by a licensed tax professional:
Don’t make ANY major decisions until you get every tax audit question answered during your Free No Obligation Consultation.
Additional tax may be assessed by the IRS three years after the due date of the return or the date it was filed, whichever is later.
IRS audits do not happen at random, despite the perception that it might happen at any time. A trigger usually signals to the IRS that a second look is necessary.
An audit tends to be triggered by underreported income (when forms 1099 or W-2 don’t match what you’re reporting); tax deductions that appear to be too high considering your income; or inconsistencies from year to year (claiming a home interest mortgage deduction one year and not the next, for example).
An IRS notice will be sent if they think there was a minor error on your part.
In the notice, also known as a correspondence or paper audit, you’ll receive instructions to provide supplementary paperwork to support your claims; requests could include receipts for charitable donations or mileage logs for business travel.
Ultimately, you do not have to accept the audit report. Within 30 days of receiving the report, you can appeal it by writing to the IRS.
A simple mistake like entering a wrong social security number or misspelling your own name can trigger an audit. Errors in math are another trigger. Some of these issues can be eliminated by filing electronically.
