IRS Audit Assistance
What Is An IRS Audit?
An IRS audit is when the Inland Revenue Service (IRS) reviews or examines a person’s or organization’s accounts and financial information. They aim to ensure companies and individuals report their information correctly and abide by all tax laws.
Most people selected for audits receive notification by mail, with audits conducted through in-person interviews or by mail to review your records.
Why Have I Been Selected for An Audit?
Receiving communication from the IRS that you’ve been selected for an audit can be scary. You might believe you’ve been filing your taxes properly, so you’re confused as to why you’ve been explicitly chosen.
Being selected for an audit doesn’t necessarily mean there’s a problem. Instead, you might have been picked for one of the following reasons:
- You were randomly selected with a statistical formula. The IRS compares statistical norms, and your tax information was chosen to compare against those norms.
- There were issues with transactions.
- Business partners and investors were selected for audits.
What Information to Provide for An IRS Audit
- Receipts and bills
- Canceled checks
- Legal papers
- Loan agreements
- Logs or diaries
- Medical records
- Theft or loss
- Employment documents
- Schedule K-1
Your Rights During An IRS Audit
An IRS audit can feel like an invasion of privacy, especially when you don’t feel like you’ve done anything wrong. Our expert tax team can make sure you’re aware of your rights while navigating an IRS audit, including:
- Professional and courteous treatment by IRS employees
- Confidentiality and privacy
- A right to representation
- A right to appeal
- A reason for the audit
What Happens After An IRS Audit?
Our goal is to help the auditing process go as smoothly and seamlessly as possible. At the end of the auditing process, you can typically expect one of these three outcomes:
- No changes – You’ve substantiated all items under review, and no changes are required.
- Agreed changes – The IRS has proposed changes that you’ve understood and agreed with.
- Disagreed changes – The IRS has proposed changes, and you understand them but don’t agree
If you have the third outcome, you can request a meeting with an IRS manager, where you’ll be offered mediation or the chance to appeal if time allows.
Why Choose AmeriTax for Your IRS Audit?
Dealing with the IRS can be daunting, and it’s easy to feel like you’re out of your depth. We are committed to helping you navigate an IRS tax audit, as well as offering further assistance with:
- Year-round service
- An expert tax team
- Multiple branches for convenience
- A range of tax services
- Fast and trackable tax refunds