IRS Audit Notice, Former IRS Agents – Stop the Worry

Former IRS Agents, Managers and Instructor can get you results.

Over 60 years of direct IRS tax experience.

If you have received a IRS tax audit there is no need to panic or have worry set in in.

We have successfully handled thousands of IRS cases. As Former IRS agents we know the exact IRS process and settlement techniques that can help you get through a IRS Tax Audit worry free.

We offer a free tax consult so you can get an idea of the IRS Tax Audit process. 1-866-700-1040.

What is an IRS audit?

An IRS audit is a review or a tax examination of an organization’s or individual’s accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.Many tax audits results in no- changes. We can stop the worry of fear.

IRS Tax Audit Selection Process.

Selecting a tax return for audit does not always suggest that an error has been made. Tax Returns are selected using a variety of methods, including:

a .Random selection and computer screening – sometimes returns are selected based solely on a statistical formula.
b. Document matching – when payor records, such as Forms W-2 or Form 1099, don’t match the information reported.
c. Related examinations – returns may be selected for audit when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.

d. The DIF Process. IRS scores each and every tax return for a possible audit selection based on the income and expenses placed on each return. As your tax return goes through the CADE 2 computer your tax return is ranked along with all other tax returns. A DIF score is placed on your return. It is placed by a label permanently affixed to your return.

IRS Tax Audit Methods

An IRS tax audit may be conducted by mail or through an in-person interview and review of the taxpayer’s records.

The interview by a agent may be at an IRS office or at the taxpayer’s home, place of business, or accountant’s office .

The IRS will tell you what records are needed.

Many times tax audits can result in no changes or changes. Any proposed changes to your return will be explained.
IRS Tax Audit Notifications and Tax Notices

Should your account be selected for audit, you will be notified in two ways:

1. By mail or
2. By an Agent calling you up by telephone

In the case of a telephone contact, the IRS will ALWAYS  send a letter confirming the audit. E-mail notification is not used by the IRS.
Your Rights During an  IRS Tax Audit.

Publication 1, Your Rights as a Taxpayer, explains your rights as a taxpayer as well as the examination, appeal, collection, and refund processes.

These rights include:

1. A right to professional and courteous treatment by IRS employees.
2. A right to privacy and confidentiality about tax matters.
3. A right to know why the IRS is asking for information, how the IRS will use it and what 4. will happen if the requested information is not provided.
5. A right to representation, by oneself or an authorized representative.
6. A right to appeal disagreements, both within the IRS and before the courts.

IRS Tax Audit Length

The length of each audit varies depending on the type of audit, the complexity of items being reviewed, the availability of information being requested, the availability of both parties for scheduling of meetings and your agreement or disagreement with the findings.
Records Needed for a Tax Audit

You will be provided with a written request for specific documents needed.

The law requires you to retain records used to prepare your return.

Those records generally should be kept for three years from the date the tax return was filed.

Electronic Records

The IRS does accept some electronic records. If records are kept electronically, the IRS may request those in lieu of or in addition to other types of records.

You can contact your auditor to determine what can be accepted to ensure a software program is compatible with the IRS’s.

Audit Determinations

An audit can be concluded in three ways:

1. No change: Hurray ! an audit in which you have substantiated all of the items being reviewed and results in no changes.
2. Agreed: an audit where the IRS proposed changes and the taxpayer understands and agrees with the changes.
3. Disagreed: an audit where the IRS has proposed changes and the taxpayer understands, but disagrees with the changes.

What Happens When You AGREE With The Audit Findings?

If you agree with the audit findings, you will be asked to sign the examination report or a similar form depending upon the type of audit conducted.

Call us today to be worry free through a IRS tax audit 1-866-700-1040.