IRS AUDIT

An IRS audit is a review/examination of an organization's or individual's books, accounts and financial records to ensure information reported on their tax return is reported correctly according to the tax laws and to verify the reported amount of tax is correct. 

*Random selection and computer screening - sometimes returns are selected based solely on a statistical formula. The IRS compares tax return against "norms" for similar returns. The IRS develop these "norms" from audits of a statistically valid random sample of returns, as part of the National Research Program the IRS conducts. The IRS uses this program to update return selection information.

* Related examinations – The IRS may select a taxpayer return when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.

The IRS will notify the taxpayer by mail. 

Most taxpayers speak directly with their tax preparer.  Tax advocates are available to assist the taxpayer as well.

See IRS audits | Internal Revenue Service for more information or contact us today!