Irs Tax Audit

How To Cope With An IRS Tax Audit And Come Out On Top

IRS tax audit procedures can be an extremely scary prospect, whether you have done anything wrong or not. The IRS is rightly seen as a large and impersonal organization, which operates in a similar way to a machine. Despite this, however, it is not infallible. The computer systems of the IRS are out of date and in poor order, so do not automatically assume that any figures they quote to you are automatically accurate. There is every chance that they will not be. Even the procedures for deciding who is audited are far from infallible, to the extent that divorce can lead to the wrong person being served with paperwork.

There are also cases where papers are issued after the time scale allowed has passed. The Statute of Limitations comes into play here, as even the IRS is only allowed three years to bring an audit. Make sure that you check the dates thoroughly, as administration errors are more common than you may realize. Audits can even be triggered due to a discrepancy in figures which is caused by errors on paperwork created by the IRS itself. This is one reason among many why keeping accurate records is so important.

Not every IRS audit involves face to face meetings with IRS agents. Some audits are carried out through the mail, and these are usually relatively easy to deal with. In the first instance, you can be sure that the IRS does not suspect you of doing anything seriously wrong. If they did, they would definitely be looking for a face to face meeting so that they could look for more evidence of numbers which do not add up. Mail audits are usually triggered by simple errors, and with good paperwork it is usually easy to prove your case.

If you do have to endure the face to face IRS audit which so many people dread, there are two steps which you can take to vastly improve your chances of proving your case. The first of these is the obvious one, and that is to keep clear, accurate records. These may even be enough to persuade your auditor to look for an easier target elsewhere.

Being represented by a professional who knows exactly how to handle an IRS tax audit also tips the odds dramatically in your favor. Apart from the ability of such a professional to state that a consultation with the client is needed to clear up an issue, the professional also has an insight into the way an auditor will operate, based on experience of having previously faced the same situation. A question which may have you confused, and even persuade you to reveal unnecessary information, may be one the professional has heard before. Professional advice can be invaluable in dealing with an IRS tax audit.

 

 

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