Receiving an audit notice from the IRS can be an intimidating experience. Understanding the types of IRS audits and their requirements can help you navigate the process more effectively. It’s important to note that managing an audit on your own can be challenging; professional help can significantly improve your chances of a favorable outcome.
Types of IRS Audits
- Correspondence Audit
Overview: This is the most common and least invasive type of IRS audit, conducted via mail. The IRS typically requests additional information or documentation related to specific items on your tax return, such as deductions or credits.
Process: You’ll receive a notice detailing the information needed, gather and send the relevant documents, and await the IRS’s review and final decision.
Why Professional Help Matters:Although seemingly straightforward, responding to a correspondence audit can be complex. A tax professional can ensure the documentation is accurate and complete, helping to avoid potential issues.
- Office Audit
Overview: This audit requires an in-person meeting at a local IRS office, often focusing on more complex tax issues.
Process: After receiving an audit notice, you must gather extensive documentation and attend the appointment where the IRS will review your records.
Why Professional Help Matters: An office audit can be daunting. A tax professional can assist in preparing for the audit, provide representation, and ensure you are well-prepared to answer any questions.
- Field Audit
Overview: This is the most thorough type of audit, in which an IRS agent visits your home, business, or tax professional’s office to examine financial records.
Process: This involves a comprehensive review of your records, often requiring additional documentation during or after the visit.
Why Professional Help Matters: A field audit can be highly stressful and complex. Professional representation can help you navigate this process, ensuring all necessary documents are ready and mitigating the stress of direct interaction with the IRS.
Getting Professional Assistance
Handling an IRS audit without professional help can be risky and stressful. Tax professionals have the expertise to manage the process, ensuring you are well-represented and prepared. Contact our office to learn how we can assist you through your audit and help achieve the best possible outcome.
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M.A. Rubin CPA, PLLC
Tel: 833-MA-Rubin (627-8246)
Email: Blog@RubinTaxRelief.com
Disclaimer: This blog post is for informational purposes only and does not constitute legal or tax advice. Consult with a qualified professional for specific advice regarding your business.
