No one enjoys being audited, but there are steps you can take to significantly minimize suffering. Audit Defense reviews federal and state returns, helping taxpayers navigate audits successfully and affordably.
If you’ve gotten a notice that you’re being audited by the IRS, it’s not the end of the world. Keep calm, get out your documents, and follow these tips to make sure the process goes quickly and smoothly.
- Prepare for the type of audit you’ll be experiencing. There are three types of audits: correspondence audits, office audits, and field audits. The vast majority of audits, roughly 75 percent, are correspondence audits, requiring only that you send additional information via mail. An office audit requires that you visit an IRS office and meet with an auditor in person, which may last approximately three hours. A field audit involves an auditor visiting your place of business, which may last from one to several days.
- Don’t talk too much. If you’re being audited in person, you will have to answer questions about the discrepancies on your return. Answer directly and succinctly – don’t give more information than what was requested. Any yes-or-no questions should be answered “yes” or “no” with no additional details.
- Use professional assistance. If you have a complex tax return, you may consider hiring a professional to help you navigate it. A professional audit defense service will be highly knowledgeable about not only the audit process, but the entire network of tax laws and regulations affecting your case. Moreover, it can make the process go faster, since the auditor and the service representative will speak the same language. If you used a professional tax service to file your return, notify the service immediately upon receiving your audit notice.
Audit Defense: Reviews Diverse Federal and State Tax Returns, Helping Defend Taxpayers from Audits
For more information about how you can protect yourself in the event of an IRS audit, please visit TaxAudit.com today.