Nobody wants to get audited by the IRS–but every year, some individual and business tax filers receive audit notices in the mail. Audits can extend to returns filed within the last three years, so these folks have to submit all kinds of documentation for current and past returns to IRS scrutiny.
Who Does the IRS Audit?
If you receive an audit notice, the important thing to remember is that being audited does not mean you have necessarily done anything wrong. The IRS will typically flag a tax return for an audit if:
- It is associated with another return under investigation
- It is statistically anomalous compared to other, similar returns
In addition to these situations, the IRS also selects some returns at random. While this may be frustrating to the people being audited, these random selections are helpful in terms of deterring and preventing tax fraud.
Getting IRS Audit Help
Most people will benefit from professional assistance when undergoing an audit. Working with a tax professional will give you peace of mind in terms of knowing that you’re doing everything “by the book” and that you’re not inadvertently leaving out any information needed to back up your returns.
A tax professional will also be able to act on your behalf in communications and negotiations with the IRS. In short, you’ll have someone on your side who speaks the same language as the IRS representatives, and who can advocate for your interests throughout the audit process.
The team at Taxation Solutions, Inc. is available to provide IRS audit assistance to taxpayers in Mesa and the surrounding area. If you receive an IRS audit notice, contact our team today to find out how we can help!